What is everyone's annual household income? And how do you split the bills?

[MustardBastard]

Just out of interest.

I earn relatively good money (although in an underpaid industry - social care), but my partner earns 2.5 times as much as I do (works in Engineering). We split our bills proportionate to take home pay.

We feel every privileged to have our income - although we are in a lot of debt so are by no means well-off.

I just wondered how much income others have and how they divvy up living costs.

We shared all the bills equally whilst dating regardless of salary. When we got married we went to a joint account.

I'd never share finances outside of marriage and have always paid my own way. I don't subscribe to men paying more simply because they happened to be born male.

Op I assumed you had children already. Before dc we split everything 50/50 regardless of earnings which were pretty similar anyway. Once I had dc and went part time we changed arrangements so that we had equal personal spending after bills. And also when I was sahm for a few years. Having dc changes things if one of you is at home/part time/doing most of the childcare.

As childfree adults then in my opinion it’s unreasonable to expect one person to pay more unless there is a huge difference in salaries.

We have a joint account for bills, i pay slightly more in as i earn more.

Rest is our own personal loney to spend/save.

We have small savings/spending money for dd - nappies, wipes, toys etc

We will never fully merge our money, don't see the need to for us

He does earn significantly more than me and always has. He's also now self-employed and likely to soon have a six figure annual salary.

When we first moved in together he wanted to split everything 50/50 however I refused on the basis of the fact that he has much more disposable income and if we were to be together say 5 years, 10 years, and split, he could walk away with a nice little lump of savings - enough to buy a house etc whereas I wouldn't, I'd certainly not be in a position to set up on my own. And if say he entered into a new relationship either quickly or before ours ended, I'd effectively have paid for him to set up a home with a new woman.

Our arrangement does work both ways because when he started his business up and wasn't bringing any money in for a couple of months, I was paying the bills for a short while.

I was just curious as to whether there was a more equitable way of arranging the finances especially when one of the couple is a high earner. I'm on £30k so not a low wage but by no means a high earner.

All our money is joint money. Both our salaries get paid into our joint account, which all bills are paid from. We then move a set amount from this account into joint savings.

We then take the same amount each into our own accounts as personal spending.

We earn similar amounts. I just worked it out and I earn 47.5% of our household income, he earns 52.5%.

No kids here and not married. Separate accounts. Pay bills 50/50, he does earn a few thousand more than me. However he pays for his car fuel and maintenance which I benefit from. He also pays more when we go out socially so it does even out. It works for us. I spend more money on myself and clothes etc than he spends on himself so better to have separate pots. We both save too.

Finances pooled. All outgoings including food and petrol from there. £1500 into savings and £600 each for spends. He earns a lot more than me.

You can still do it that way without having your wages put into the same account. We do it notionally, so for instance a few smaller bills come out of mine and I’m left with £600, the rest comes out of DHs account and he’s left with £600.

We also have joint finances.

However, if you’re happy with your set up then that’s the most important thing. Before DH, when I had boyfriends and the relationships weren’t at the stage of joint finances, it used to be more 50-50 regardless of the income.

Everything goes into the joint account, minus a small amount for minor spending, then everything comes out of the joint account, all bills, food, meals out cinema visits; most of our clothes spending.

I only tend to use 'my' money for the odd coffee or lunch.

Money comes in to individual accounts.
We put in the same standing order amount that covers everything our joint life entails:

• all bills
• all food/toiletries
• upping it to include holiday savings too
• will include everything for kids
• includes joint savings for joint purchases
• includes shared leisure spends, e.g. meals out
• most petrol for my car (DH doesn't have one)

Whatever's left, we spend or save as we choose:

• cars, phones - anything where there's a huge variety of personal choice, needs or preferences
• clothes, haircuts, make up etc
• savings, pensions
• individual gifts to each other, or non-joint friends

I save £500 in a pension and £500 in regular savings each month. No idea what DH does, though I know he fannys around with ISAs etc, which I'm sure I'll get around to one day.

One team one pot...everything in/out of joint current account, anything left gets swept into joint savings account...chat through any joint or individual purchases that are over £100.

We have a joint account but in name it has been years since he has contributed it. This month he made a payment. Before that it's been maybe 8/10 years or so.

I pay mortgage all bills etc. I'm a medium earner and frugal. We manage but money is increasingly a worry.

I work out of both accounts depending on which one is in funds.He has his own personal and business accounts. I think he's usually in debit.

We are at our wits end and argue constantly about this. He earns about £70k, me £50k but have joint essential outgoings of £3.5k a month (mortgage, school, household bills). Currently put 60/40% into a joint account purely for those outgoings but we keep rest of our money separate and pay for individually which causes huge resentments and arguments (eg I end up buying everything including clothes, books, for our DD / house which he says we 'don't need', becomes a tit for tat who bought what and who owes who what as we feel the other should be contributing half. He won't put anything aside in savings either which I cannot get my head around as I put a little aside personally each month. We are trying to find some kind of financial coach to be honest.

One central pot of money.

We put equal effort in so get equal rewards out.

It doesn't matter who earns what- we work as a team.

Lilybo7

I couldn't be arsed living like that.

I spent many years as a SAHM with no income. My OH was a high earner, but was olnly able to do that because I cared for our children while he worked away a lot, business trips etc.

All his money was our money- we put in equal effort.

I now earn more than him, but he works longer hours- I do most of the housework- again all the money is shared.