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Reply to "Spouse makes significantly more income, how do you handle it?"
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[quote=Anonymous][quote=Anonymous]We've been together for over 10 years, and when we first met, we both made about the same, $65k-$75k. In the beginning, it was easy to budget and travel and go out since we always just split the expenses down the middle. Flash forward to now and I'm making about $140k and my SO is making close to $300k. The difference is significant and it really only happened in the last 3 years when my SO had a series of job moves that resulted in doubling of salary. I was wondering how others have dealt with this situation? I'm heard suggestions from splitting expenses as a percentage of your income, to just having one big pot and it's all both of ours, to having separate accounts we're "your money is yours and mine is mine."[/quote] The fact that you are not married after 10 yrs suggests some caution by one or both of you about the permanency of this relationship. If you were married, it would be easier to make it all one big pot b/c you would rely on the commitment of the other. But, since you are not married, you money is yours and his is his. That is just a fact. So, I guess it makes sense to split expenses proportionally. Although at this point, I'd be thinking more about whether there is a reason you or the SO is not in a committed mindset. Does that matter to you? It must have come up.[/quote]
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