My wife and I believe in shared responsibility in our finances as well as home and child raising. Since Day 1 when we got married, we shared our household expenses 50% each. Over time, even though my annual income surpassed hers a lot, we still maintain the 50% sharing. Now, I am managing my own investment fund full time from home, earning $100k pa in trading profits and dividends. She earns $120k pa from salary. Our expenses now is $110k pa, so we share the expenses $55k each. She saves $65k pa while I save $45k pa, which I reinvest.
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Originally Posted by Unregistered
I enjoy reading this forum and thanks to all who share your personal finances.
I have a question which I hope you can share.
My wife and I are both career people and we both earn our salary and bonuses. My annual income is slightly more than my wife's. However, I bear 70% of the household expenses and commitments. As such, my savings are lesser than my wife. Am I doing the right thing? Should I share the household expenses equally? 50:50 ? What is you practice in your household?
Please share. Thanks.
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