It seems to be very rare for two partners to make the exact same income, so here is a calculator that gives you three ways to split your bills. From my experience in person finance groups, relationships are MUCH happier when both partners have similar discretionary/spending budgets. You both have as much money towards hobbies, it's an equal sacrifice to buy the other one a gift. But budgets are very personal so I'll try to present the math on three methods and avoid judgement!
For the incomes on these I don't care if you enter per paycheck, per month, per year. It's all based on ratios anyway.
Fixed expenses/bills will "default" to 50% of your total because I'm a big fan of the 50/30/20 budget. But I also don't care, enter what you want.
Privacy note: As with all my calculators I do not save any numbers you put in this form. It's all you, all on the browser side.
The Roommate Method: Both put in the same amount for needs.
For this method you divide up the bills 50/50 and each save 2/3 of what you spend for fun. It's a good way to keep things REALLY separate. You could add or replace a roommate without noticing the difference or re-doing the math! The downside is obvious - in a household where one person makes a lot more, the other person is left without much left over.| Income 1 | Income 2 | |
|---|---|---|
| Needs | ||
| Savings | ||
| Discretionary |
The Government Method: Everyone's percentages are the same.
This is a compromise between the first and last methods. Each person puts in a percentage based on his/her income, so if one person makes 2x the amount, they put in 2x as much as the other person for bills. There's still some discretionary inequality, but no one is left without anything.| Income 1 | Income 2 | |
|---|---|---|
| Needs | ||
| Savings | ||
| Discretionary |
The Allowance Method: Each person gets the same discretionary.
This seems to be the happiest arrangement! You can take your partner on a date and the sacrifice is about the same. You each have the same amount for hobbies. You can easily shift to a single income if you need it.| Income 1 | Income 2 | |
|---|---|---|
| Needs | ||
| Savings | ||
| Discretionary |
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