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Marriage Kids and Money: Personal Finance for Families

How Do We Split Expenses as a Married Couple?

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Kids & Family, Business, Parenting

4.9605 Ratings

🗓️ 7 May 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

Kat recently got married and wants to know how she and her husband should split the expenses. With two different incomes, the situation is not cut and dry and being single. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Abby's just woken up. It's 731 and she's forgotten to ring the doctor. There's no point

0:05.5

ringing now. She needs to get to work, but she's not worried. She's got an HSBC Premier bank account

0:10.5

with access to digital GP appointments plus two second opinions a year should she need them.

0:15.1

Everything's premier when your bank account is. Search HSBC Premier, HSBC UK, opening up a world of opportunity.

0:22.4

The doctor will see you now.

0:24.6

Apply with £100,000 annual income or £100,000 savings or investments with HSBC UK or Premier status abroad.

0:30.0

Whatever option you decide is best for you and your marriage, just make sure you leave an open line of communication with your partner so you can discuss things

0:38.5

as things change because they will.

0:46.7

This show is dedicated to helping you, strengthen your family tree, and live financially free.

0:53.2

Thank you for being here today, everybody.

0:55.4

It is the first Monday of the month, my friends. That means we're answering a question from the

1:01.5

marriage, kids, and money community. After that, we're highlighting another Money Master of the

1:07.4

week. And last but not least, I am throwing down another MKM challenge.

1:13.8

This is where you and I improve ourselves, one challenge at a time. All right, let's jump into

1:21.3

today's show. Our question of the month comes in from Kat. Hi, Andy. My name is Kat. I'm calling from San Diego. I am a listener of your amazing show.

1:32.0

Thank you so much for the great topics that you have out.

1:35.4

I do have a question. I recently got married.

1:40.4

Before getting married, we did take Financial Peace University with our church, and we were also doing bi-weekly budget dates.

1:48.0

However, we decided to maintain our individual accounts, along with opening up a joint account.

1:55.0

We are wondering, what's a good amount that you recommend as a percentage wise to put into our joint

2:02.2

account we decided to do percentages because we wanted to because we have

2:07.8

different income so we're just trying to figure out if you can help us out in

...

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