Many people share living expenses by dividing the costs in half, a 50/50 split.
However, very few couples actually make the same salary. Excel allows the user to make instant calculations that distribute the expenses in proportion to earnings.

Sample

Richard and Mary

Richard earns $1200 per month
Mary earns $800 per month

How should the split their $600 rent?

1200 + 800 = 2000

1200 ¸ 2000 = 60%
800 ¸ 2000 = 40%

600 x 60% = 360
600 x 40% = 240

Richard would contribute $360 to the family pot.
Mary would contribute $240 to the family pot.

Calculating each item would be tedious and frustrating. Try the sample Excel sheet for a total contribution to the family pot.

The Family Pot

Every family has their own system of finances. It is important to have a plan, since a great amount of tension often concerns money.

Everyone in the family should understand the costs of running their household.

One possibility is to set up a bank account for the household expenses.

Each family member should also have a personal account for their own discretionary spending.