Comments on: His, Mine, and Ours: How We Pay Our Bills and Budget http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/ Personal Finance for College Students and New Graduates Thu, 18 Mar 2010 04:48:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Closing is Back On http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/comment-page-1/#comment-43478 Closing is Back On Sat, 09 Jan 2010 14:18:15 +0000 http://www.greenpandatreehouse.com/2008/01/23/his-mine-and-ours-how-we-pay-our-bills-and-budget/#comment-43478 [...] posts were a little delayed to get out. We’re transferring the down payment money from our ING savings account. We have tried our best to ignore this account and not deplete it until we needed it, such as now [...] [...] posts were a little delayed to get out. We’re transferring the down payment money from our ING savings account. We have tried our best to ignore this account and not deplete it until we needed it, such as now [...]

]]> By: His, mine, and ours « The WeDoMarriage Blog http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/comment-page-1/#comment-4824 His, mine, and ours « The WeDoMarriage Blog Sat, 27 Sep 2008 20:06:58 +0000 http://www.greenpandatreehouse.com/2008/01/23/his-mine-and-ours-how-we-pay-our-bills-and-budget/#comment-4824 [...] the story in full here. Possibly related posts: (automatically generated)The Meltdown - BittersweetNo TitleFour good [...] [...] the story in full here. Possibly related posts: (automatically generated)The Meltdown – BittersweetNo TitleFour good [...]

]]> By: Green Panda http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/comment-page-1/#comment-4707 Green Panda Thu, 25 Sep 2008 19:07:55 +0000 http://www.greenpandatreehouse.com/2008/01/23/his-mine-and-ours-how-we-pay-our-bills-and-budget/#comment-4707 @ Crystina: Thanks for pointing out another situation to consider. The amount of debt one has is another factor in working things out. Your system seems a bit cumbersome with the three splits, but if i works, good for you! @ Crystina: Thanks for pointing out another situation to consider. The amount of debt one has is another factor in working things out. Your system seems a bit cumbersome with the three splits, but if i works, good for you!

]]> By: Crystina http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/comment-page-1/#comment-4706 Crystina Thu, 25 Sep 2008 18:55:31 +0000 http://www.greenpandatreehouse.com/2008/01/23/his-mine-and-ours-how-we-pay-our-bills-and-budget/#comment-4706 I like your system! My fiance and I have a similar system that has worked well for the year we have been living together. When we get married next year we might open a joint checking account, but I don't think anything will change. I earn a little more than 2x what he earns, however, he has a nice savings account for a house and no debt. I have little savings and a fair amount in my student and car loans. The way we have it set up is a 60/40 split on bills, 55/45 split on rent, and 50/50 on groceries and entertainment. I keep track of who pays what and occasionally we trade money back and forth depending on who has paid more recently (main reason for a joint checking account). I really like your system, but with my debt I couldn't handle the loan payments if it were the true percentages - 67/33. I like your system! My fiance and I have a similar system that has worked well for the year we have been living together. When we get married next year we might open a joint checking account, but I don’t think anything will change. I earn a little more than 2x what he earns, however, he has a nice savings account for a house and no debt. I have little savings and a fair amount in my student and car loans. The way we have it set up is a 60/40 split on bills, 55/45 split on rent, and 50/50 on groceries and entertainment. I keep track of who pays what and occasionally we trade money back and forth depending on who has paid more recently (main reason for a joint checking account). I really like your system, but with my debt I couldn’t handle the loan payments if it were the true percentages – 67/33.

]]> By: Green Panda http://www.greenpandatreehouse.com/2008/01/his-mine-and-ours-how-we-pay-our-bills-and-budget/comment-page-1/#comment-4698 Green Panda Thu, 25 Sep 2008 16:15:19 +0000 http://www.greenpandatreehouse.com/2008/01/23/his-mine-and-ours-how-we-pay-our-bills-and-budget/#comment-4698 @Mr Trend: That's a common question and deserves a thorogh explanation, soI'm going to write about it in detail tomorrow. Here's a quick rundown, though: Technically my husband consumes more resources than I do, but it's not too big of a deal. What if there is a big difference in income? If you split it 50-50, one side may pay 20% your pay, but the other one pays 60% percent of their pay. That's not completely fair. Another situation to consider is if one spouse says at home with children. 50/50 of the bills isn't fair. The main idea is to have both parties agree to a payment plan. @Mr Trend: That’s a common question and deserves a thorogh explanation, soI’m going to write about it in detail tomorrow. Here’s a quick rundown, though:

Technically my husband consumes more resources than I do, but it’s not too big of a deal. What if there is a big difference in income? If you split it 50-50, one side may pay 20% your pay, but the other one pays 60% percent of their pay. That’s not completely fair.

Another situation to consider is if one spouse says at home with children. 50/50 of the bills isn’t fair.

The main idea is to have both parties agree to a payment plan.

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