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Relationships

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Organising finances

5 replies

purplechairandcat · 22/11/2020 15:13

DP and I moved in together just before lockdown. DP was furloughed until September and I was not, so we organised finances in a way that meant I was supporting the household the most, as my pay was a lot larger. DP then lost their job after furlough ended so of course I was then the sole household contributor.

They have now secured work again, and we now earn pretty much the same amount, although this varies as we're both freelancers. I'd be interested to hear how other couples organise their finances, joint bills etc, and what the best way to go forward is now that we're more equal (no kids involved). Thank you!

OP posts:
SentientAndCognisant · 22/11/2020 16:10

Retain your individual acounts don’t get joint accounts, or shared monies

don’t do that we are a couple we share everything rubbish

Open a joint account for bills, accommodation and pay in prorata to what you earn

Mn is obsessed with joint monies and family money as the zenith of a relationship

Aquamarine1029 · 22/11/2020 16:12

Since you're not married, keep your accounts separate, but all bills should be split 50/50.

SentientAndCognisant · 22/11/2020 16:14

Married or not you should retain separate finances. It’s not compulsory to share monies

Twizbe · 22/11/2020 16:16

When we first moved in together we opened a joint account.

We both put in our share of the bills and joint savings (though we move the savings into our ISAs

Our personal accounts are our own money to do with what we like.

We also listed out all the household chores including admin of the joint account and divided it according to ability and likes.

Pipandmum · 22/11/2020 16:17

Either split bills equally or have a joint account for household bills and each pay x% of your income into it.

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