Splitting costs with older kids around
EDIT: to clarify, it is splitting the cost with my boyfriend, not my kids. But my kids are older and they will be away at college and home again.
My boyfriend and I have touched on moving in after he finishes his current degree and finds a new job. We have not discussed details yet because it’s still some time away, but I still want to be prepared with what a fair cost split looks like.
The thing is I never lived with my late husband before we married, we were dirt poor and combined finances from the beginning. But now I own a home outright and have two kids (17, 18) with college coming. I expect them to be away but also still here for summers and some weekends.
Splitting utilities, food and household cost makes sense. But then because my kids are older, I’m not sure if it makes sense to split things 50/50 or 25/75. Especially when they may or may not be around.
Based on some other post I saw, I think it would make sense to charge him some rent since I don’t have a mortgage payment to split. But again not sure if it should be 50% of a rental cost or 25%.