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How to Split Shared Expenses for Couples and Families
Managing household finances? Tips for splitting groceries, utilities, and mortgage payments.
Joint Accounts vs. Splitting
Some couples prefer a joint account for bills. Others prefer keeping finances separate and settling up monthly.
The "Yours, Mine, Ours" Method
Keep individual accounts for personal spending, and contribute a fixed amount to a shared "Ours" account for bills.
- Yours: Personal hobbies (Golf, Makeup).
- Ours: Rent, Electricity, Groceries.
Conclusion
The best method is the one everyone agrees on. Communication is key.