Thursday, January 31, 2013
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Posted on Thursday, January 31, 2013
|Photo credit: MSN|
Naturally, what can we think of is to divide the bill 50% each. It is logically correct but for the less earning party, he or she is actually paying more.
If you have been watching or following Suze Orman, her way of splitting the expenses is by equal percentage. In that way, both parties are paying equally .
So let's say HUSBAND is earning $3200 while the WIFE is earning $1800. Combined income is actually $5000. Now, compute your monthly average expenses. So let's say you have $2000 in joint expenses, you can arrive with the percentage formula of EXPENSES over COMBINED MONTHLY INCOME or $2000/$5000, which will give you 40%. From that base percentage, multiply each of your monthly salary to that. That amount is actually your equal share for your monthly expenses.
$2000 - average monthly expenses
$5000 - combined income
BASE PERCENTAGE COMPUTATION
$2000/$5000 = 40%
EQUAL SHARE BASED ON %
Husband $3200 - $1280
Wife $1800 - $720
What do you think of this computation?
This post was written by: Mark Ferdinand Tayag
Makoy is a Senior Software Engineer based in Singapore. He enjoys cooking, swimming, running and taking photos. Makoy started blogging way back 1998 during his College years. Aside from his personal blog, he maintains a music blog, an entertainment blog, making money online blog and a photo blog. A certified Filipino blogger that wants to dominate the blogosphere. Follow him on Twitter and Instagram.