I'm trying to get opinions on how to determine a fair rent , or an amount for him to contribute to the household . We both work .
Suggestions? Experiences ? Thanks !
2007-07-16 03:41:24 · 15 answers · asked by Lyn 2 in Family & Relationships ➔ Weddings
It really depends. Do you own the home? Do you both make about the same salary? If you break up, who is responsible for the rent/lease/mortgage? If you own the home, doyou benefit from the equity, or will his name be on the deed?
I've been in this situation a few times.
Case #1 - He owned the home. I was not on the deed. He paid for the mortgage, homeowner's insurance and any and all repairs/enhancements to the house. Afterall, it was HIS, not ours together. Plus, he made significantly more money han me at that time. My contribution was to other bills. I paid the gas, electric, phone. But that also gave me the right to control their usage. So if I needed to watch my spending, then I couldn't crank up the heat or the air conditioning . I wanted internet and he never used it, so I paid that. He wanted Direct TV - so he paid that. The utilities that I paid were in MY name. So if I failed to pay, it was my problem. And when I moved out - I also cancelled them and he was responisble for seting them up in his name. I was a little annoyed that he got to benefit from my "sweat equity" in his house, but all in all it was fair. We each contributed fairly based on our income AND based on who wanted certain "perks". It also kept our credit separate and left us each with our own money. It also worked out that if we took our combined total income - 60% of the total was his. 40% of the total was mine. And he paid 60% of the total household bills and I paid 40% of the total household bills.
Case #2 - We are getting married in a month. We BOTH own the home and we each put in the same amount toward the household bills. I often run out of money, BUT, since we are both in this completely together and will be married, we have credit together and he covers me if I run short before payday. We are one unit as opposed to two SINGLE people sharing a roof. BIG DIFFERENCE!
2007-07-16 04:28:33 · answer #1 · answered by Proud Momma 6 · 0⤊ 0⤋
I would say that 50/50 is not a bad idea. What about food and utilites? You could go like; Him 25% and you 75% on rent and then he would pay for all food and utilites. Any way you work it out, just make sure you both are paying the same amount so that there is no any anomosity between the two of you over what each pays. Money is the largest factor when it comes to couples fighting. The more even it is, the less stress on the relationship.
2007-07-16 03:58:56 · answer #2 · answered by kernsj 2 · 1⤊ 0⤋
Well there are a few considerations. Do you own the home? And is he selling his or renting his to tenants? Or did he not have a home?
If you are renting the home, then 50/50 makes sense.
But, if you own the home, then you are building weath based on your mortgage payments and appreciation. If he pays 50/50, then some of the wealth accumulated in your house belongs to him. You might want to split all other costs 50/50 and come up with a fair agreement on the house depending on your situation.
2007-07-16 03:57:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1/2
2007-07-16 04:16:16 · answer #4 · answered by Grandpa Shark 7 · 1⤊ 0⤋
I would suggest you work out the expenses and split 50/50. Do you live alone or with other people? The split would be different if there are more poeple. The most important part is that you make him pay what you are comfortable with. Don't offer less than you want 'to help him' out as it will create resentment later on.
2007-07-16 06:53:30 · answer #5 · answered by Stiffler 6 · 1⤊ 0⤋
You could do 50/50 of course....
but...if you wanted to be fair you could figure %income to determine share of rent.
if you earned 100 units
and he earned 200 units
and rent was 150 units......at 50/50 you would pay 75 units ...75% of income.
he would pay 75 units....37.5% of income.
not equitable.
equitable is him paying 66.3%....100 units
and you 33.3%.......50 units.
I don't know which of you makes more money.
but the plan described above seems most "fair"...to me.
Stick to some plan if you two are just living together for economic reasons......
if you planning to get married.......
whole different matter......
money big issue in Marraiges....
I was with woman that had Bon Marche taste on K MART budget.....
(living with not married to)
not a match.
I couldn't deal with it.
Straightening a painting on wall......
she ask's me..
"COULD YOU GET THAT MORE PERFECT?"
she meant it
picky picky picky
stick to equitable for now....
wait and see how things go.....
things gonna change when you start living together......
2007-07-16 04:18:00 · answer #6 · answered by zes2_zdk 3 · 0⤊ 0⤋
It should be 50/50.
My experience and advice would be don't do it till there is a ring on your finger. And I'm not saying that to try and get a ring, I'm saying that because you don't want to be stuck with 4 months on the lease and he's gone.
2007-07-16 03:52:31 · answer #7 · answered by Allison L 6 · 1⤊ 0⤋
If he's going to be sharing the household with you - it should be 50/50 - rent, utlities, groceries and chores! After all, you both work and you are both living there!
2007-07-16 03:45:32 · answer #8 · answered by sylvia 6 · 3⤊ 0⤋
Split everything 50/50
2007-07-16 06:20:28 · answer #9 · answered by whymewhynow 5 · 1⤊ 0⤋
With my fiance and I, here's what we did:
I pay:
1/2 rent, cable tv/internet, water/sewer
He pays:
1/2 rent, phone (both our cell phones on one plan), power
We take turns buying groceries and we each fill up our own vehicles with gas.
2007-07-16 05:52:03 · answer #10 · answered by Terri 7 · 0⤊ 0⤋