News0 min ago
incomings/outgoings %
7 Answers
Hi everyone,
i just need help clarifying something, if anyone can help...
Person A earns 37% more a month than Person B. Their total outgoings total �1300 per month.
As Person A earns more than Person B, is it fair to say that Person B should pay 37% of the total outgoings for the month and Person A pay the rest, just so they are paying the "same" amount each month, or am i wrong in thinking that this is right?
Any help or other views appreciated!
i just need help clarifying something, if anyone can help...
Person A earns 37% more a month than Person B. Their total outgoings total �1300 per month.
As Person A earns more than Person B, is it fair to say that Person B should pay 37% of the total outgoings for the month and Person A pay the rest, just so they are paying the "same" amount each month, or am i wrong in thinking that this is right?
Any help or other views appreciated!
Answers
Best Answer
No best answer has yet been selected by darlingnc. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.By ''same'' I take it you mean ''proportionate''
Look at it this way...
If B earns 100% of his pay, A's pay will be 137% of B's amount
Their total is 237%
Divide the �1300 by 237 to get �5.4852 (this = a 1% figure)
A pays 137 x �5.4852 = �751.47
B pays 100 x �5.4852 = �548.52
Ok, it's 1p out, but that's decimal places for you, and they can fight it out between themselves
Look at it this way...
If B earns 100% of his pay, A's pay will be 137% of B's amount
Their total is 237%
Divide the �1300 by 237 to get �5.4852 (this = a 1% figure)
A pays 137 x �5.4852 = �751.47
B pays 100 x �5.4852 = �548.52
Ok, it's 1p out, but that's decimal places for you, and they can fight it out between themselves
If it's a couple, then every couple is different.
Some couples split everything 50-50 regardless of earnings, some put everything in one account and pay the bills and split the rest, some couples still have one person holding all the money, paying all the bills and giving 'pocket' money to the other (I could name names on that one!).
I wouldn't get hung up on exact amounts. My wife earns less than me, so although we put roughly half in each for shopping we each pay for our own petrol and clothes, and I pay a lot more of the mortgage than her to ensure she's not skint. Then for other things like electricity I tend to pay it, but if she's in town she will.
I can tell you from experience that if you go down the route of 'you owe a fiver more to make up your 55%' then you will end up arguing at least once a month.
Some couples split everything 50-50 regardless of earnings, some put everything in one account and pay the bills and split the rest, some couples still have one person holding all the money, paying all the bills and giving 'pocket' money to the other (I could name names on that one!).
I wouldn't get hung up on exact amounts. My wife earns less than me, so although we put roughly half in each for shopping we each pay for our own petrol and clothes, and I pay a lot more of the mortgage than her to ensure she's not skint. Then for other things like electricity I tend to pay it, but if she's in town she will.
I can tell you from experience that if you go down the route of 'you owe a fiver more to make up your 55%' then you will end up arguing at least once a month.