How does married couple usually divide home mortgage when both partners are earning almost the same?
- Amazon FlynnAre you married? If so, do whatever works for you. Combine finances and just pay it or go evenly or whatever.
If not, just have one person buy the house and the other pay rent. Homeowner must pay normal landlord expenses. Cleanest bet.
- Salesforce God Jr.Unless you in some sort of arranged marriage, plan I g to split soon and trying to hide money from you spouse, I say combine you finances. In most stats, in case of divorce, everything earned in marriage goes into shared pot. But having combined finances will allow you a view of whole picture and you won’t be wasting time on stupid shit like who is paying what bill.
- What works best is to think of it this way, every penny that comes into the house half is his / half is hers pay your bills. Because in actuality there is no her money and his money once married.
If one person is to pay the electric bill and the other one is to pay the water bill if either bill is not paid you both are without what ever service that wasn't paid.
In other words put the money into one acount except for your slush fund and their slush fund and whoever is best with mananging money manages it. Save like crazy for retirement and your kids college. My credentials if you are wondering I have been married for about 27 years and have wanted choke spouse several times over money over the years until we implemented this system along with the 60% solution.
- AMD GDKa06Try to divide total expenses in a way that makes sense. E.g. if one person pays mortgage, then the other pays insurance, property tax, insurance etc and other monthly expenses. That's how it will likely work out unless one person earns way more than the other or one income is high enough to pay everything. One person paying disproportionately higher would work out if you have a very secure marriage, because eventually it is your shared wealth.