facebookHow do married couples share their children expenses? Share which method you are using here! I have put four ideas here but interested to know more. - Seedly

Anonymous

27 Oct 2022

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Couple Finance

How do married couples share their children expenses? Share which method you are using here! I have put four ideas here but interested to know more.

1) 50-50 - Both parties contribute the same amount every month

2) Go by % of income - Both parties contribute the same % of their income every month

3) 100% from Man of the Household

4) Maintain an individual savings account

5) Any others?

Discussion (17)

What are your thoughts?

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Let's start from basics. Pen down both of your monthly salaries, expenses (even with 2$ spent on tea c)

Now if it falls in below bracket then you no need to bother or else you should revise your satergies

40% - Expense

30% - Short term savings

20% - long term savings

10% - insurance, hospital plan, medical

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Priority should be as below

  1. Protection for uncertainty
  2. Savings for short term like emergency fund
  3. Savings for retirement
  4. Expenses

Depend on each couple, else 50/50 is fair

We contribute 50-50 to our joint account that pays for eating out, groceries, kid's expenses, petrol...

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