House bills

[snowprincess1]

How would u go about arranging household bills? I will be buying a small house with cash. My dp will not be on the deeds. He is not good with money and we are currently working on paying off the last of his credit card debts? I earn more than him and don't mind contributing whatever but in view of his history I also want some degree of protection if things ever went wrong, which I am not expecting. Thank you very much for your advice. I'm not a greedy person, I just want to be fair to him now but secure I would still have my house if things didn't work out.
Would it be better to get him to pay into his own savings account for holidays etc and I pay all bills. At the moment I pay rent and he pays bills.

Hi

I think you need the legal section rather than money matters. I would see a solicitor BEFORE he moves in. I would have thought he would need something like a tenancy agreement so it is clear that he living ith you but has no right over the house? Then all household bills should be split 50/50 and that he should pay you so that you can pay.

Good luck

I think you should agree a fair amount of money transferred from your DP for rent, bills and all other household expenses. I've been in a position in the past where 'we' were working off the credit card debt of someone who was 'not good with money' and my honest opinion is that I was a fool to do so. His debts are his responsibility and not yours. Like you're thinking of doing, I believed that if I let him off paying so much towards the home, he would use the money saved wisely to pay off his debts. He is now an ex.

Him paying rent or towards bills does not give him any rights over your property as long as you remain unmarried. So work out what the full household bills are and split it proportionately. Start as you mean to go on.

'not good with money' is not an incurable illness. Make sure that this guy is not going to be a leech on you. Don't pay off any more of his debts and make sure he is going to learn by his mistakes.