How you do finances in relationships?

15 comments

1. Finally an interesting question… I pay whatever I buy for myself, he pays for himself … When I’m short , he pays me it’s also the same way around but mostly he pays a lot in my expenses coz he is not a spender . Mostly he pays at the restaurants and maintenance & I do for groceries and others but now I’m single so I got to do everything on my own ✌️

2. Joint accounts for everything. We have a weekly budget planning meeting of about 15 minutes. Any purchase over $100 by either of us needs to come with a quick text to the other letting them know.

3. We split the bills roughly based on income. For the mortgage, it’s 60/40ish. He covers his own bills, cable, and electricity. I cover my owns bills, my kids’ expenses, water, natural gas, sewer, trash and recycling, and groceries.

4. Our finances are fully combined; same savings, same checking etc. We both work full time, but we don’t split anything, it’s all our families income.

5. I’m work from home wife is homemaker. We have a small business from which I deposit into a joint account. Within reason we each do whatever we want.

6. We have 1 joint account where we transfer X amount each month for bills, groceries, fuel, eating out, etc.

   What remains on our personal accounts can be spent as we please.

7. My husband and I split everything. When I made less we split it more income based, he paid 2/3 of expenses I paid 1/3. Now it’s 50/50.

8. We don’t have any joint accounts and have another person we live with. We use Splitwise for everything that needs to be repaid. One for just us 2, one for the 3 of us. Groceries are split equally unless there’s something specific we know won’t be used by all. Utilities, rent, internet are split equally. Things get messier when it comes to stuff like meals out. We tend to take turns paying so don’t really keep track as explicitly, but will sometimes agree to split it.

9. We have one joint account which is used to pay all the bills. And we discuss any major expenses beforehand. Somehow in six years we managed not to have any big arguments about money and there’s never been any issue when one of us wants to buy something. Maybe it helps that I actually make significantly more than my partner but that wasn’t the case when we got together.

10. Bills we split equitably. Whatever percentage his income is of our total he pays, and vice versa. We budget every Sunday. Aim for the same cost of gifts for every occasion/person. Always set equal holiday spending budgets for the gifts we give to another.

11. We have a joint account with the money we got gifted at our wedding and we each put a set amount in each month to cover the expenses. The amount is split according to our incomes.
    Then we each have our own account with the rest of our income to do with as we please though we discuss bigger expenses. We are not really big spenders or irresponsible with money, so no one had to veto a purchase so far.

12. Depends on the balance of who makes more vs who brings what into the relationship. Car and electronics, those get paid for by whoever buys them. You handle your own credit cards. If one person already owns a house they pay for it, but if you live in it with them, it’s a good idea until your married to have a tenant agreement contingent on relationship status made up so that, if something goes wrong, you have time to find someplace new and don’t end up homeless overnight. Amount of rent should be determined based on ratio of who makes more, if the owner makes 2X what the one moving in makes, the rent shouldn’t be higher than 1/3 the mortgage and utilities.

    If an emergency happens, whoever has money helps in the moment but gets paid back over time later.

13. Depends on the balance of who makes more vs who brings what into the relationship. Car and electronics, those get paid for by whoever buys them. You handle your own credit cards. If one person already owns a house they pay for it, but if you live in it with them, it’s a good idea until your married to have a tenant agreement contingent on relationship status made up so that, if something goes wrong, you have time to find someplace new and don’t end up homeless overnight. Amount of rent should be determined based on ratio of who makes more, if the owner makes 2X what the one moving in makes, the rent shouldn’t be higher than 1/3 the mortgage and utilities

    Once married the 2nd person should be included on the mortgage and utilities. That should all be paid into a shared account. Always have a personal emergency fund, you never know when you won’t be able to rely on your partner if they get injured, killed or worse, become abusive after you become financially attached to them

    If an emergency happens, whoever has money helps in the moment but gets paid back over time later

14. Weirdly enough, most guys I meet have the “my money is our money and your money is your money” mentality. I’d be fine with paying for some things, but I never have to.
    In my relationship with my younger sibling, I always pay for him as he’s still a student. So I pay for every accommodation, restaurants, trips, activities we do together.

15. We pay our rent, electric and internet together. I have a set income every month, so I pay a little more on rent but we split utilities evenly. Everything is in my name (minus our lease) but my boyfriend is a bartender so he just gives me cash and I put it into my account and pay from there.

    Groceries are usually my doing and then he takes care of dinners when we go out.