By Dan Saul

When it comes to splitting bills in a relationship, the traditional approach has always been to divide them 50:50. I believe it is preferable to split the bill based on the ratio of incomes instead. Let's explore why this approach can be beneficial for couples.

First and foremost, splitting bills based on income ratio can help to reduce financial stress in a relationship. When couples split bills 50:50, it can be difficult for one partner to keep up if they earn less than the other. This can lead to arguments, resentment, and ultimately, relationship strain. By splitting bills based on income ratio, each partner contributes a percentage of their income, which is fairer and more sustainable in the long run.

Another advantage of using income ratio to split bills is that it allows each partner to maintain their financial independence. When couples split bills 50:50, it can be easy for one partner to become financially dependent on the other, especially if there is a significant income disparity. This can create power imbalances in the relationship and erode trust over time. By using income ratio to split bills, each partner is responsible for their own finances and has a greater sense of autonomy.

Splitting bills based on income ratio can also help couples to achieve their financial goals more efficiently. For example, if one partner earns significantly more than the other, they may be able to contribute more towards joint savings, investments, or debt repayment. By doing so, they can accelerate their progress towards their shared financial objectives, such as buying a house, starting a business, or saving for retirement.

Finally, splitting bills based on income ratio can encourage open and honest communication about money in a relationship. When couples are transparent about their finances, they are better equipped to make informed decisions about how to allocate their resources. By using income ratio to split bills, couples are forced to have regular conversations about their income, expenses, and financial priorities. This can help them to build trust, set shared goals, and work towards a brighter financial future together.

There are many reasons why it can be beneficial for couples to split bills based on income ratio rather than 50:50. By doing so, they can reduce financial stress, maintain their independence, achieve their financial goals more efficiently, and communicate more openly about money. If you're in a relationship and considering how to split your bills, it's worth exploring this approach and discussing it with your partner.

Worksheet

Result