Dating a man who pays child support
Deciding how to split the bills in the new household was another conundrum. Blended and step-families have grown by fifty per cent over the last ten years, according to Gayle Westcott, psychologist and senior manager of client services at Relationships Australia.
They now represent ten per cent of all coupled families with children in Australia. Should a new partner help support you and your children?
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So know this: There’s no right or wrong way to split expenses with your partner.
Whether you’ve decided to move in with your boyfriend or girlfriend, planning a wedding, or recently tied the knot, it’s time to talk about money. Personal finance is personal, and there are few places that’s more apparent than when it comes to how couples split joint expenses.
Marriage provides certain legal and financial safeguards for both couples. That goes for houses, cars, and furniture, and especially checking accounts. Whether you stay together or not, if he or she defaults, you either pay up or lose your credit. Before you move in, decide whether you will share expenses fifty-fifty or proportionately based upon salary.
Obviously, however, many couples are managing a joint budget without being married. You may consider opening a joint checking account just for paying expenses. Although unlikely, consider the possibility that one of you could die.
He's a cited authority on personal finance and the unique money issues we face during our first two decades as adults. This may be OK—for example, if one of you earns significantly more—as long as you talk about it and are both OK with the arrangement.If one partner earns significantly more than the other, you face a difficult decision: Again, it’s personal, but here’s a suggestion.Too often, one person will pay a big bill like the rent or mortgage while the other is expected to pick up everything else.Depending on how this shakes out, one partner may end up paying a lot more each month.
Sophia has arranged to pay half of the rent and bills when she moves in with Zac.