that's funny, It kindy correspond to an utility function of money. (ie If you are making not much money, then 100$ extra money is really useful to you. If you are making a ton of money, the same 100$ extra money is not that much useful to you.)
Ye right so one person end up paying for the other and that not equal at all its unfair. 50% sounds reasonable the other person should find a better paying jod or to increase their income.
Susie tends to speak as if her opinion is the only truth. Not true. Splitting expenses solely on the basis of the percentage of expenses to income is essentially socialist. We make money in a capitalist system where you always pay a larger percentage of your income when you buy something, compared to someone who makes more money than you. For me, this is one option, but not the only option, or the ‘truth.’ It is likely the most generous way to choose the amount of rent you’re partner will pay, but it ignores so many other factors. Usually, the partner who makes more money also works more hours. What about equality of time? Also, it is likely that the partner who makes more money spent more money on student loans to get there. What about debt to income ratio? And likely the partner who makes more money - worked harder to get to where they are. What about equality of effort? And what about financial goals? Usually the person making more money bears more of the burden of financial goals (buying a house, etc) than their partner. Couples will never be 50/50, and I don’t think they need to be. Each couple should choose a number that is fair to them, that includes all of the factors involved.
Thank you! I was told this concept was wrong & it should be 50%/50%, regardless of our HUGE income difference.
that's funny, It kindy correspond to an utility function of money. (ie If you are making not much money, then 100$ extra money is really useful to you. If you are making a ton of money, the same 100$ extra money is not that much useful to you.)
So how does it work, when you are moving in with someone buying a house. You don't get the tax write off or the refund at the end of the year?
Ye right so one person end up paying for the other and that not equal at all its unfair. 50% sounds reasonable the other person should find a better paying jod or to increase their income.
equal percentage is socialism.
Susie tends to speak as if her opinion is the only truth. Not true. Splitting expenses solely on the basis of the percentage of expenses to income is essentially socialist. We make money in a capitalist system where you always pay a larger percentage of your income when you buy something, compared to someone who makes more money than you. For me, this is one option, but not the only option, or the ‘truth.’ It is likely the most generous way to choose the amount of rent you’re partner will pay, but it ignores so many other factors. Usually, the partner who makes more money also works more hours. What about equality of time? Also, it is likely that the partner who makes more money spent more money on student loans to get there. What about debt to income ratio? And likely the partner who makes more money - worked harder to get to where they are. What about equality of effort? And what about financial goals? Usually the person making more money bears more of the burden of financial goals (buying a house, etc) than their partner. Couples will never be 50/50, and I don’t think they need to be. Each couple should choose a number that is fair to them, that includes all of the factors involved.