Back to Budgeting Basics
Lesson 15 6 minute lesson Interactive
Splitting Shared Expenses
Choose fair ways to divide rent, meals, trips, and group purchases while keeping clear records.
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Lesson goal
Compare equal and income-based splits, then document the agreement before money changes hands.
Three ideas to keep
1
Agree on the split before purchasing
2
Use one shared record of who paid
3
Fair does not always mean perfectly equal
Try it
Make the call
Two roommates earn very different incomes and want to share a streaming plan. What should they do first?
Knowledge check
Lock it in
What is the most important feature of a shared-expense plan?
Finish both activities