If DP’s monthly income after tax, NI, etc is approx 1100 and my monthly income is approx 1400 and we are looking to move in together within a year or so, how would you recommend we split the bills to make it fair and allow both of us to continue saving and would it be feasible that we can afford to try for a family in 2-3 years? No family around to assist with childcare.
Also, I get a very small pay rise every year (approx £300-400 - maybe could be sometimes slightly more if I performed exceptionally) based on my performance. I don’t think DP’s main chosen career path will give him a pay rise like my company does (although he does have a couple of other things he does on the side (perfectly legal! Think arts, etc) that can earn him additional income, although this isn’t predictable and could be £100 one month then nothing the next month.
He thinks one of us should pay for one thing and another for another thing, but I don’t think that would be sensible. Initially I said to split everything 50/50, but worried that could be unfair on him e.g. he will be able to save less. Perhaps a percentage e.g. I pay 55-60% of rent and bills and he pays 35-40% of rent and bills. Then we work out food perhaps pay together for things we both have i.e milk, veg and then out of our own pocket if one of us wants a load of treats (e.g. he likes to buy a load of treats for a binge sometimes and I like to buy special health bits at times).
Would I be expected to adjust how much I’m paying for my share each year based on my pay rise?
On that basis, would he be expected to adjust how much he pays at the end of the year based on his Adhoc work outside of his main job? I’m not sure he’d be happy to do this and think he’d want to save this/put towards something for both of us, e.g. a holiday.
We will be renting. Guessing we are looking at £600-£750 rent pcm - obviously the less the better.
Would really appreciate some thoughts/suggestions on how we can make sure this is fair for both of us, and if you think kids are feasible in 2-3 years or so.
Thank you!
Please or to access all these features
Please
or
to access all these features
Join the discussion and meet other Mumsnetters on our free online chat forum.
MNHQ have commented on this thread
Chat
Moving in for the first time - splitting finances & eventually starting a family
26 replies
llamakoala · 23/05/2020 12:50
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.