How do you split your mortgage?

[Drpeppered]

In terms of how much each of you pay? Do you split 50/50 or pay proportional amount compared to wages.

For some context, A&B are in a long term relationship (8+ years). No children yet, and not married. A earns 400/500 more a month than B. All other bills are split 50/50. Mortgage is £1100.

We pool all money and pay bills, then spend what we want out of what's left in the bank. Neither of us has expensive hobbies, neither are we hard up these days - back when we were we were much more careful. Have done this since about 6 months after we became a couple.

In the very early days we both put an equal amount into a pot and paid for communal stuff out of that (both earned about the same), but it was my house, so I paid mortgage entirely myself.

A question to ask is what is the ownership split on the house? That should factor into how the mortgage is split.

50/50 even though I earn twice DH.

I put in an enormous deposit (roughly 50% LTV), DH could contribute nothing. He wants to contribute half so he feels it is “ours” not “mine” (he isn’t on mortgage due to bankruptcy).

We pool other money, he has much more disposable income than me though as I have other outgoings from before we met so its quite complicated!

DH pays all of it. He also pays all the utilities, except the water and phone bills. I also pay the council tax. We have separate finances.

'We' (hate saying 'we') no longer have a mortgage but he used to pay it and I paid for other things - groceries, cleaner, ironing, children's' expenses and some bills details of which I can't remember off hand. It worked out fairly, I earned less than him (except for a short period). Both of us were happy to give the other some cash if needed and if we had it. I usually paid for holidays but we didn't have expensive ones when our son was a child, now he pays for them.

If I had My old career, I paid what I could after fuel, halfs on food, bills etc. With his new career and with me not currently working he pays everything.

All money earned is family money. I used to pay considerably more when I was working full time. Now I pay less. It is what it is. We are both left with money to spend each month after bills and savings so we will continue as is.

It comes from the joint bank acc where bills are paid from. We pool all money, pay the bills and then work out personal spends after. No matter who earns what we are both equal.

Nothing, my money paid for food shop and other things (far more than mortgage) however he also covers bills now my wage goes to fun stuff as well as others and his wage is the work horse.

There is no way to break down my contribution in such a way. Eg... Man hours painting, decorating... Etc etc.

Same situation as you, partner earns more than me so puts more into our joint account but I put my half of all bills (Inc mortgage) and a little extra for food shops and other joint things days out holidays etc
How much you pay depends on how much you put in at the beginning/how much of the property you own imo
Although we have discussed when we have children I will go part time and therefore he will pick up the slack on bills, I would still pay 50% of mortgage though as we put deposit and everything down 50/50 to the penny. That's more pride on my side though

Everything goes in joint account, everything comes out joint account. I outearn him by about 50% but couldn't tell you who spends what.

Interesting.

I guess because we don’t have kids I don’t like the idea of ‘pooling’ all our money. How would I then justify buying clothes etc when I felt like.

At the moment we have a joint account where we each transfer money into each month for bills and essentials. A puts more in than B for the mortgage as up until recently B couldn’t afford 50/50 split. Mortgage is dropping by 300 though, so it’s a discussion about if both their portions should drop, or just A’s.

We pay all joint expenses proportionate to our incomes. Dh earns a bit more than me as he is self employed and his income tends to increase annually more than mine. We have a joint account for that. The rest of our earnings stay in our personal accounts for us to do with what we like. We are married with dc but I could never adjust to the idea of having pooled money. I like my own money and not having to worry about anyone else’s spending to plan my own. But neither of us ever struggles while the other has plenty. If there’s an unexpected car repair or something, we transfer money between us to make sure no one is skint the rest of the month. But I just don’t like us being in each other’s pockets when it comes to personal finances.

Roughly by percentages here. DH pays more as he earns more than I do. Majority of other bills work the same way.

Our attitudes to money are very similar though. Neither of us are going to run out in the morning and buy a new car for example without mentioning it first, but I HATE this: "All money is family money" which is parroted about here constantly. DH and I have a joint account. A certain percentage from both our wages us goes in there to pay bills etc, then we have a separate account each and do whatever we want with our own money.

All joint expenses proportionate to our incomes. Seems the only way that's fair imo

Pool all money. Pay all bills. At points I've earned more than DH by about double. He currently earns about four times what I do. No chance we split 50/50 in either of those cases.

We add up all bills including mortgage and food and kids activities fun money etc then split it roughly salary percentage wise and transfer that I to joint account. He pays for petrol as he needs car for work. I usually end up paying for all kids party gifts (which is reminder to add that into joint expenses next time we redo them!).

Split proportionate to earnings, we have a joint account for all bills.

Everything else we keep in our own accounts. I would never agree to pooling all money, I would hate to have to justify any purchases. I think it’s very important to keep financial independence

We total up all joint expenses, mortgages, utility bills, council tax, car service/mot, car loan, fuel, holiday savings, childcare and then divide it in 2 based on the % of income we each bring in. So I earn slightly more than DH so pay 60% of our total joint expenditure each month and he pays 40%. We transfer this into a joint account and then keep what's left of our salaries in our own account to spend on what we please, eg clothes, mobile phone bill, hobbies, gifts, etc. We review the % split each time either of us have a salary change. Has worked well for us.

I believe both parties need to have a bit of personal spending money - if they can afford it. Money is often tight when people are young, buying first house and/or having a child and there isn't spare cash. Later on there usually is and it's nice to have some personal spends.

Well. It comes out of DH's account. But we organise our finances so that we both have the same amount of 'play' money each month once all our commitments have been met.

It has served us well as there have been periods when I was bringing in less money (maternity leave, for example) and I haven't been penalised for that - nor did I have to go cap-in-hand to him. Also, I don't feel that I should be penalised for the slower advance of my career when we've made the decisions which have affected that for the benefit of our family.