When we are blending households, the money is always a sticky issue. It just is. Especially when we have our own children of different ages, when the house is owned by one and not the other, etc.
I lived together with my boyfriend for a couple of years before we got married, and the way we split the bills was to figure out what percentage of the total each of us made. In other words, both of our salaries together were 100%, but split apart his was about 60% and mine was about 40%. Then we kept track of the bills for a month and figured out how to split them about 60/40.
After that, any money we had left over was our own to spend as we please. Our credit cards and car loans were separate, of course; we each paid for our own. And when we went out to dinner, we did take turns. It wasn't a big deal; one would pay, then the other would. We didn't think much more than that it was two independent earners sharing a lifestyle.
Some, when hearing about our arrangement, thought we were making far too big a deal of it. And especially when we got married; they'd say, why not just pool all the money and go from there? Well, the reason is because of questions like yours. You are feeling slighted because of the money you spend on groceries, but he isn't understanding your feelings because he's paying the mortgage, etc.
Have you ever sat down and figured out (a) exactly what he makes in a month (give or take a little, but yes, I would count the work on the side as well) and (b) exactly what you make in a month, and figure out what the percentage is? And then keep track of all the expenses for a month and see if you are spending at about that percentage?
Let's round things up to big numbers for an easy example. Say the two of you make $100,000 together. Let's say he makes $60,000 and you make $40,000.
And let's say you add up all the bills -- (but not your own car payments, personal credit cards, personal cell phones or expenses for your own kids).
Let's say it ends up this way:
Mortgage: $1,500
Groceries: 900
Electric: 300
Gas: 50
Water: 30
Television: 80
Landline phone 40
---------------------
Total: $2,300
You would split that $2,300 60-40, then. So that would be roughly $1,380 that your boyfriend would pay, and $920 that you would pay. (Which means that groceries + water comes out pretty close in my made-up instance).
After each of you pays your 60% or 40% share, then the rest of your money is to take care of your personal bills, your children and anything else you'd like. And yes, that includes buying dinner for each other, in turn.
Keep track of the bills for a month or two to make sure that they stay consistent. If the groceries run more because of visitors, then you need to know that.
I think that once you feel the situation has been talked about and made equitable, you won't feel so badly. The question of who makes food for the visitors is different -- I think you should do it if you feel like it, but if you don't feel like it or you are doing something else, do you feel free to suggest that they fix something themselves?
Or if all of the above doesn't sound right to you, how about switching up who pays for what?
Do you know who Suze Orman is? She is a dynamo of a financial wizard whose primary concern is educating consumers to do right by themselves when it comes to money (and that includes getting the emotion OUT of the issue). Here are some tips she has for couples and their finances:
http://biz.yahoo.com/pfg/e39couple/
I know you aren't married, but moving in together is a pretty large commitment, especially with children. It wouldn't be a bad idea if the two of you visited a financial counselor together. It could help you make a plan that you can both live with, and get it in place even before you start talking about marriage.
Comment Reply
Fitgirl,
When we are blending households, the money is always a sticky issue. It just is. Especially when we have our own children of different ages, when the house is owned by one and not the other, etc.
I lived together with my boyfriend for a couple of years before we got married, and the way we split the bills was to figure out what percentage of the total each of us made. In other words, both of our salaries together were 100%, but split apart his was about 60% and mine was about 40%. Then we kept track of the bills for a month and figured out how to split them about 60/40.
After that, any money we had left over was our own to spend as we please. Our credit cards and car loans were separate, of course; we each paid for our own. And when we went out to dinner, we did take turns. It wasn't a big deal; one would pay, then the other would. We didn't think much more than that it was two independent earners sharing a lifestyle.
Some, when hearing about our arrangement, thought we were making far too big a deal of it. And especially when we got married; they'd say, why not just pool all the money and go from there? Well, the reason is because of questions like yours. You are feeling slighted because of the money you spend on groceries, but he isn't understanding your feelings because he's paying the mortgage, etc.
Have you ever sat down and figured out (a) exactly what he makes in a month (give or take a little, but yes, I would count the work on the side as well) and (b) exactly what you make in a month, and figure out what the percentage is? And then keep track of all the expenses for a month and see if you are spending at about that percentage?
Let's round things up to big numbers for an easy example. Say the two of you make $100,000 together. Let's say he makes $60,000 and you make $40,000.
And let's say you add up all the bills -- (but not your own car payments, personal credit cards, personal cell phones or expenses for your own kids).
Let's say it ends up this way:
Mortgage: $1,500
Groceries: 900
Electric: 300
Gas: 50
Water: 30
Television: 80
Landline phone 40
---------------------
Total: $2,300
You would split that $2,300 60-40, then. So that would be roughly $1,380 that your boyfriend would pay, and $920 that you would pay. (Which means that groceries + water comes out pretty close in my made-up instance).
After each of you pays your 60% or 40% share, then the rest of your money is to take care of your personal bills, your children and anything else you'd like. And yes, that includes buying dinner for each other, in turn.
Keep track of the bills for a month or two to make sure that they stay consistent. If the groceries run more because of visitors, then you need to know that.
I think that once you feel the situation has been talked about and made equitable, you won't feel so badly. The question of who makes food for the visitors is different -- I think you should do it if you feel like it, but if you don't feel like it or you are doing something else, do you feel free to suggest that they fix something themselves?
Or if all of the above doesn't sound right to you, how about switching up who pays for what?
Do you know who Suze Orman is? She is a dynamo of a financial wizard whose primary concern is educating consumers to do right by themselves when it comes to money (and that includes getting the emotion OUT of the issue). Here are some tips she has for couples and their finances:
http://biz.yahoo.com/pfg/e39couple/
I know you aren't married, but moving in together is a pretty large commitment, especially with children. It wouldn't be a bad idea if the two of you visited a financial counselor together. It could help you make a plan that you can both live with, and get it in place even before you start talking about marriage.
Does any of this help?
November 16, 2009 - 10:05amThis Comment
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