Is "50/50" Actually Fair? The Hidden Pros and Cons of Splitting the Bills Equally with Your Partner
Despite the advantages of the shared budget, psychologists recommend you maintain at least a bit of financial independence.
When the most turbulent times in the relationships are over and you feel like you’re ready to make a big step, another issue might enter the chat as soon as you decide to move in together or get married.
For many couples, the money question often becomes the beginning of long and sometimes chaotic disputes, especially if both partners see the financial matter as different means to define their position (it can be a symbol of love and care, justice, power, safety etc.).
However, arguments like this can be handled if set things right before making that big step in your relationship.
Is It Good to Go 50/50 With Your Partner?
Splitting the bills can have both pros and cons, though each person will decide what part of the scales will eventually outweigh the other one.
The most obvious advantage of the 50/50 relationship is that both partners are financially independent and respect each other’s boundaries and personal freedom.
Still, this technique can become the beginning of the end for the relationship if there’s distrust or a hidden fight for power behind it. For instance, if your partner doesn’t reveal how much they earn and say it shouldn’t be your business, this might be a signal that you’re not being trusted and there can even be inequality of social roles.
How to Solve Financial Matter With Your Partner Once and For All?
It’s safe to say things like this should be discussed before you actually move in together, otherwise you risk ruining your relationship if your views don’t coincide yet.
Make sure you don’t turn this conversation into a fight for a higher position in your relationship; instead, make a specific plan on how exactly you’re going to refill your common budget.
If it’s important for you to keep some financial independence for yourself, define the amount you’re both able to save for yourself only, with some other amount kept for your shared future.