Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Joint finances

2 replies

useitorlose · 20/05/2023 16:07

How do you manage this when there's a significant disparity in income? No DC or dependents except a dog, he earns 4x my salary including job benefits and gets a substantial bonus. We are overseas and both get housing allowance, but mine goes straight to landlord and his goes in the bank. Mine covers half of our rent. We have no debts.

Up to now, we've had one joint account for everything, but we realise it's not really working for us any more and we would prefer to split so we each also have our own account. How do we make it work so it doesn't become contentious?

OP posts:
FitAt50 · 20/05/2023 16:13

When we first were married, my husband earned double what I did. We did a straight percentage split of all house hold bills. He paid 66% and I paid 33%. We then spent whatevery money we had left on ourselves.

springtome · 20/05/2023 16:19

We have one account and have since we got married. The pay disparity has never been as big as yours but when children were young and I went part time he might have earned 2x. I now earn more than him but only by maybe 25%.

It depends what isn't working about 1 account. Could you continue with one account but agree an amount for personal spends with gets put into individual accounts? Do either of you regularly get bonuses/overtime? Could that be taken out so the person working harder gets to see the benefit?

New posts on this thread. Refresh page
Swipe left for the next trending thread