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Reply to "Spouse makes significantly more income, how do you handle it?"
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[quote=Anonymous][quote=Anonymous][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] [b]The fact that you are not married after 10 yrs [/b]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] OP literally says "spouse" in the thread title, grandma.[/quote] Not a grandma. I was reading the substance of the post where the OP used the term "SO" -- significant other -- rather than DH or DW. I don't understand why this is an issue at all then if they are married. It is weird that this is just coming up now. One pot or three pots. [/quote]
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