Marriage encompasses several things. Every partner should understand the role she or he has to play for the relationship to last. Both partners need to sit down and talk about money to keep their relationship strong. Poor financial planning can make your marriage boat to capsize before reaching the seashore.
Here are three tips on how to split expenses with your partner.
1. Split the bills based on your levels of income
Do not let your partner take the entire burden if you have a source of income. It is recommended to split the bills according to the amount you earn per month. Share the bills so that you can make life easier for the two of you. The partner with the highest income should pay more.
2. Determine who will settle which bills
Deciding who will settle certain bills can be tricky but it is important. The decision will make it easier to know how you will avoid mistakes at the end of the day. Sometimes you are likely to spend cash on the wrong things if you do not come up with a clear plan.
3. Step in if your partner is unemployed
Is your partner unemployed? You will have to step in if that is the case. Divide your income twice and assume she or he also earned something.