Figuring out finances on separation
Good evening,
I am currently in the process of separation. According to my wife there is no chance on reconciliation. I am trying to set up financial separation so that things are cleaner down the line.
My main concern is how to split joint expenses due to our salary disparity. She currently works 4 days a week, entirely by her own choice, she could have been working 5 days but wanted a day with our children. Due to this I am earning just under 60% of our household income.
I am happy to split all expenses 60/40 as if I didn't then she would have no money left over and that is not fair.
Main concerns for me to make this fair:
- Should I be compensating her for that day she has off at nursery rates? I don't know quite how that should work.
- I am a teacher so obviously I do and will continue to do childcare during school holidays. It feels weird for me to ask that compensation for that even enters the equation as they are my kids and I am not sacrificing potential salary during those weeks.
- I still absolutely love her and am still in the deluded position that this separation may be recoverable. I feel this is cloudng my. normally, solid reasoning in this.
Any advice is welcome. She hates even taking about finances and has just always let me take care of it but I don't want to, even inadvertently, take advantage of her.
Thank you in advance.
Edit: despite seeing multiple replies here I can only see two of them. I also can't see my replies to those. Not really sure what's going on but thank you to anyone advising. I will hopefully be able to respond to you all eventually.