You probably already have some time living with your boy, or maybe you think about doing it, or your wedding is coming … Whatever your case you will be wondering what will happen to the money, if organizing your own finances has been a spiritual revelation, take it out with your partner can be, without a doubt, a challenge, unless you have a sugar daddy as generous as Gianluca Viacchi. #LifeGoals
Each couple is different, with this guide you can choose what works best for you. We interviewed Dr. Irma Damián, accountant and professor at the Tecnológico de Monterrey, to explain how expenses can be shared. In addition, we asked three couples about how they do it.
HALF AND HALF
Easy, no matter what each person wins, both cooperate with the same amount, that is, for each peso that you contribute your partner also.
It works best when both have the same, or almost a similar income. It’s like a roomies dynamic, if everyone pays their share, all happy and happy.
Our expert suggests opening a shared account for your monthly expenses, neither more nor less.
“There has to be an agreement between the two, and that money should only be used for shared expenses,” he says.
Barbara, who is a recently graduated psychologist, but works as a salesperson, and Daniel, who is part of a car agency, have a difference in their salaries, but the accounts are divided equally in your home and take just over a year doing it A) Yes.
The disadvantage: If one of the two earns less, he may contribute a large amount of his salary or remain in zeros for the rest of the fortnight. Which could complicate especially the expenses and exits of pleasure.
Let’s say that you earn a thousand dollars a month and he 500, and your expenses in rent, pantry, services, couple’s membership in the gym, among others, in total 60% of your income combined.
If the two participate with the same amount as in the previous scheme, the poor person does not stay even with a tip. Each person would have to pay 60% of what they earn.
However, the doctor explains that her expenses should not exceed 50% of their combined salaries.
For example, what Paloma and Isaac do is choose who will pay what. In his case, Isaac, who works in a marketing firm, pays the rent, while Paloma, a hotel receptionist, covers the services and the pantry.
They take turns covering accounts when they go out to eat or party. It is not exactly an exact percentage, but it is according to the possibilities of each one.
The disadvantage: Whoever has the highest income will spend more. It may feel unfair, as if it were a penalty for a better salary.
Combine your finances into a single account. This way of organizing money is not for everyone, but for couples who have a long-term commitment, advises Irma.
“It works in marriages that do not have large differences in assets,” he adds.
It is as simple as putting everything together in an account, sharing credit cards, investments, savings, etc.
It can be done in two ways: uniting the totality of their salaries. Or one shared for their expenses and savings, plus another personal one with the objective of spending it on whatever they want.
Areli and Luis Carlos have been married for eight months, and work as bloggers and industrial engineers, respectively. They prefer to pool all their income into a single account and have their personal savings.
The salaries are different, but they consider that the earnings are an investment for your home.
The disadvantage: If any of you have a better pay there may be resentments when the other is a little shopaholic ..