What is the Best Way To Share Expenses When Living Together?

You’ve decided it’s time to move in together. It’s a big step in your relationship, and you’re excited about the future. You’ll have to each decide which of your belongings you can share in your new place.

Another thing you’ll have to figure out? The best way to share expenses when living together.

Choosing whose couch or dishes to use might not be too difficult. But deciding how to divide up your living costs can be a more significant challenge.

One of you might want to split each bill equally, and the other wants to use a percentage of your income to figure out what you pay. Each person paying specific bills is another option. Some couples prefer to pool all of their money together.

The great thing is, there’s no right or wrong way.

The best way to share expenses when living with your partner — is the way that works for both of you. We’ll take a look at 6 different options below and some personal and financial considerations to help you decide.

Make Your Plan Early

Once the initial excitement of moving in together fades, reality sets in. You’ll go to work, get groceries, do laundry and vacuum, go out with friends, and pay bills — just like you did when you lived apart.