Should you split bills 50/50 with your spouse or partner?
Money can complicate relationships. When it comes to choosing how to split bills, it can be hard to decide what is the right thing to do. Whether it’s through marriage or cohabitation, there comes a point in most serious relationships when couples start talking about bank accounts and savings accounts, investment strategies, and retirement plans. Your relationship might be a 50/50 commitment, but what about your monetary contribution? If your partner makes less or more, should you split the living costs equally?
Life is complicated, and money is messy and every relationship is different— but we might have an answer that can help everyone out, no matter how big of a difference the salaries are between two people in a relationship.
The solution is what they call the 50/30/20 rule in which couples split 50 per cent of their salaries on living expenses, 30 per cent on savings and 20 per cent on spending.
