Eg One person is earning £20000 before tax and the other is earning £100000 before tax. Who should pay what?
2006-10-23 21:52:20 · 7 answers · asked by ickle_ems04 1 in Business & Finance ➔ Personal Finance
Suze Orman says the only fair way to split bills when one makes a significant amt. more is you each put a % of your pay into the checking acct. You can't split the bills 50/50 because the person making less will be struggling to survive. Either that or you live within the means of the person who makes less.
2006-10-23 21:55:43 · answer #1 · answered by 7yrs2go 2 · 1⤊ 0⤋
I'm presuming you already own your property, in which case your solicitor would have asked you which way you wanted to be described as owners (e.g. joint tenants or tenants in common).
In my case my boyfriend and I, on paperwork, own our property jointly, but we arrange who pays what by ourselves. He earns over three times my salary, so he pays our mortgage payment (which is reasonably hefty), while I pay our council tax, broadband, and house insurances. We split fuel, water and food bills.
It's what works for you, really. There is such a thing as Living Together Agreement which you can download and fill in and your solicitor can formalize (often for a small fee). This will illustrate who owns what and who pays what and will be valid in the eyes of the law if ever things should go wrong.
2006-10-23 22:17:57 · answer #2 · answered by jess0910 2 · 0⤊ 0⤋
The person who earns more pays more.
2006-10-23 22:00:31 · answer #3 · answered by Annie M 6 · 0⤊ 0⤋
it depends how you sahre the property, my partner and i share it 50/50 so each pay half even though i earn slightly more than she does.
2006-10-23 22:10:44 · answer #4 · answered by Gareth E 1 · 0⤊ 0⤋
50/50 snd both names on the mortgage deeds!!
2006-10-23 21:59:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
the most logical is to split according to income... however, things might get complicated in case things go wrong... the safest is to split 50/50.
2006-10-23 22:00:15 · answer #6 · answered by y_me 1 · 0⤊ 0⤋
God aways enters into equal partnerships !
2006-10-23 22:02:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋