Money blog: Couples reveal how they split finances when one earns more than other
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Research by Hargreaves Lansdown suggests in an average household with a couple, three-quarters of the income is earned by one person. Some couples will want to pay the same amount on bills as they want to contribute equally. But for others, one partner can feel resentful if they are spending all of their money on bills while the other has much more to spend and is living a different lifestyle as a result. Couples should set a specific date in the year to go through their finances and have open and honest conversations about money. There are several ways couples can split their finances, including separate personal accounts where both pay the same amount into a joint account regardless of income, separate personal accounts where the higher earner pays their partner an 'allowance', and everything is shared with both partners having access to separate accounts but paying for expenses from either one. The best approach depends on the couple's preferences and financial situation.

#Money #Finances #Couples #Income #Bills

https://news.sky.com/story/money-news-latest-consumer-blog-13040934 

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