05-18-2005, 10:48 AM
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#18 (permalink)
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Tilted
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Quote:
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Originally Posted by Cynthetiq
I'm a bit confused about, "you pay for all joint expenses based on percentages earned" I get that she pays for it out of one paycheck (we're supposed to be doing that as well, but I haven't verified it in many months) but I'm not understanding the percentage earned part.
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Here's a sample budget:
Mortgage..........................$1,200.00
Insurance...........................$210.00
Food................................$500.00
Heat................................$120.00
Electricity.........................$160.00
Cable................................$85.00
Phone................................$45.00
Auto - Payment......................$550.00
Auto - Gas..........................$300.00
Auto - Maint........................$200.00
Short Term Savings (Emerg. Fund)....$500.00
Long Term Savings.................$2,000.00
Vacation Fund.......................$350.00
Entertainment.......................$250.00
===========================================
Total Joint Expenses..............$6,470.00
..................................Person A.....Person B
................................~~~~~~~~~~...~~~~~~~~~~
Annual Income...................$82,000.00...$48,000.00
Monthly Income (After taxes).....$4,783.33....$2,800.00
Income Split*.......................63.08%.......36.92%
Joint Expenses...................$4,081.08....$2,388.92
................................==========...==========
Remaining Personal Income..........$702.26......$411.08
*OR*
Equal Allowance....................$556.67......$556.67
*Income Split:
Each share is calculated as: your share = your monthly income / (your monthly income + your SO's monthly income) * 100
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