Split household bills

[Justcallmesarah]

Hi all,

Wondering if any of you know of a online calculator where you can enter incomes, rent, bills and such and it will calculate how to split things on a percentage?

I am moving in with my BF he earns more than me and I want to keep things fair. If anyone has any links can they post them please?

Thanks in advance

You don't need a special website its just maths. What are your incomes and rent?

It’s just basic maths. Tot up your household outgoings, then work out the percentage uplift between the salaries and apply to the portions of household expenditures.

Eg: he earns £50k and you earn £75k, you pay 50% more than him. Further eg: he pays in £300 pcm and you pay £450 pcm.

It’s a little fiddly to work out if you’re doing it to the penny so I’d have an additional joint account (from which all bills come out) and you both transfer a rounded amount into it to cover them, and anything left is deemed savings.

My example was a tad too simplistic, do it from your net monthly pay, not your gross.

Definitely do it from net pay, someone earning 75k doesn't take home 50% more than someone on 25k. You might also want to adjust if someone is paying a lot into a pension or paying off student loan

WARNING: never, ever open a joint bank-account with someone you are not married to! In some cases even being married won’t protect you from the worst that could happen.

It’s going to be difficult to come up with a fair division going into a new rental until you know what the utility-bills are likely to be unless you do the calcs on a bill-by-bill basis once they start coming in.

How great is the disparity in incomes?

If you are just boyfriend and girlfriend then keep it simple and find somewhere affordable for you both and just go 50/50.

@BitterAndOnlySlightlyTwisted

WARNING: never, ever open a joint bank-account with someone you are not married to! In some cases even being married won’t protect you from the worst that could happen.

It’s going to be difficult to come up with a fair division going into a new rental until you know what the utility-bills are likely to be unless you do the calcs on a bill-by-bill basis once they start coming in.

How great is the disparity in incomes?

Why?

Apart from them taking money out, and running up an overdraft...

A joint bank account creates a financial association on your credit-records. In the event of the abuse of the account they will be liable for someone else’s actions.

We have a spreadsheet to save faffing with calculators.

I put all the joint bills in one column, then total at the bottom.

I then put my net pay in one cell, DH's in another and then one with the total of both.

Formulas to work out the % and then another to calculate to work out how much you each need to pay.

We can then put amounts in for any expenses that change each month (food for example) and it works it out for us.

@BitterAndOnlySlightlyTwisted

A joint bank account creates a financial association on your credit-records. In the event of the abuse of the account they will be liable for someone else’s actions.

Only for that account.

If you are confident enough to live with someone, you should be able to share a bank account

Thanks for all your comments. What I am taking from it is there's not one out there as no links have been provided.

Appreciate there is lots of ways to achieve that outcome but I'm looking for that particular way in terms of an online calculator.

If it's not something you are aware of feel free not to comment 😊
If you know of any then a signpost to the link would be muchly appreciated.

We had something called ‘The Book’ when we were first together. All purchases were put in and then we just worked it out every couple of weeks so it was fair, When we married and had DS we got rid of it.

@Justcallmesarah

Thanks for all your comments. What I am taking from it is there's not one out there as no links have been provided.

Appreciate there is lots of ways to achieve that outcome but I'm looking for that particular way in terms of an online calculator.

If it's not something you are aware of feel free not to comment 😊
If you know of any then a signpost to the link would be muchly appreciated.

Sometimes there isn't 'an app for that'.

@Justcallmesarah

Thanks for all your comments. What I am taking from it is there's not one out there as no links have been provided.

Appreciate there is lots of ways to achieve that outcome but I'm looking for that particular way in terms of an online calculator.

If it's not something you are aware of feel free not to comment 😊
If you know of any then a signpost to the link would be muchly appreciated.

This is such a strange response

I hadn’t realised OP had been appointed the manager of us!

If it's not something you are aware of feel free not to comment 😊

This is a very basic calculator that does what you need if you aren't able to do the maths yourself.

www.countcalculate.com/private-and-home-economics/split-payment-according-to-income

Appreciate there is lots of ways to achieve that outcome but I'm looking for that particular way in terms of an online calculator

If it's not something you are aware of feel free not to comment

What a really odd thing to say!

You know you could just use a calculator right?

Its basic maths.

Its quite depressing that people expect there to just be an app for everything..

"Fair" is subjective. Is proportion to net income fair when the higher earner is able to make much bigger pension contributions? Is making it so disposable income after bills is equal fair if one person is working much longer hours for no resulting benefit? Is one person paying large bills they don't have control of fair? And so on.

You don't need a magic calculator, you just need any calculator.

Total up your bills and use percentagecalculator.net

Fair is 50/50

I used to use Splitwise when I lived with housemates, not sure if you can use that to work out different percentages but worth a look?

You can do this yourself on excel with a basic list of expenses and income and the relative percentage. I'm not aware of an app sorry.

@HeckyPeck

We have a spreadsheet to save faffing with calculators.

I put all the joint bills in one column, then total at the bottom.

I then put my net pay in one cell, DH's in another and then one with the total of both.

Formulas to work out the % and then another to calculate to work out how much you each need to pay.

We can then put amounts in for any expenses that change each month (food for example) and it works it out for us.

This is exactly what we do!! Everytime one of us gets a pay rise we update it, same when direct debits change. Makes life so much easier!! 👍