How do you divide your expenses as a couple?

The 3 main methods for dividing expenses in a couple are equal sharing (50-50), pooling (income and expenses) and sharing in proportion to income. Each has its advantages and disadvantages, but it's up to you to find the one that best suits your relationship.

How to manage finances as a couple?

There are many ways to manage your finances as a couple, both for your budget and for your savings. Above all, open and honest communication helps you share your values, concerns and financial goals as a couple. Then you can create a joint budget, plan important expenses together and finally save and invest with a common strategy.

Who has to pay for what?

It's up to you, as a couple, to decide on financial responsibilities and the sharing of expenses. Choose the expense allocation method that best suits your values and your couple's financial goals.

Why make a couple 50-50?

There are many reasons why a couple might want to share common expenses equally (50-50). This approach is often used by young couples, childless couples or couples without significant joint expenses. Although this is a well-known strategy, it does present a few challenges. For example, the couple must agree on what constitutes a joint expense. What's more, the 50-50 split is not always equitable, as in the case of a couple with a significant income disparity.

Vincent Morin

Vincent achieved financial independence and retired early (FIRE) at the age of 35. After a career in financial technologies for a large American investment bank, he founded Retraite101, a personal finance site that reaches more than 350,000 unique visitors per year and has more than 30,000 subscribers on social media. Passionate about personal finance, cycling, reading and gardening, he continues to write to inspire and motivate Quebecers to take charge of their finances.

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