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We split bills equally even when one of us earned a lot more

We split bills equally even when one of us earned a lot more

Summary

Hannah and Max share all their money in a joint account and split bills equally, even though Max earns more. When Max lost his job, they adjusted their spending and Max started a pizza truck business funded by his redundancy package, which now generates monthly income.

Key Facts

  • Hannah works in charity and earns less than Max, who works in tech and previously earned £70,000 a year.
  • They put both their salaries into one joint account to pay all shared expenses equally.
  • Each partner takes the same amount of money monthly for personal spending with no oversight from the other.
  • Max was made redundant, so they reviewed their budget and cut non-essential expenses.
  • Max used £20,000 from his redundancy pay to start a pizza truck business.
  • The business serves weddings, parties, and pop-ups, and makes £4,000 to £6,000 per month.
  • Max pays himself a salary from the business that covers their mortgage.
  • The couple talks openly about money, contrasting their different family experiences with finances.
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