How do you divide costs between roommates?

Here are 5 tips to keep everyone happy and on the same page:

1. Decide together how to split costs. To manage expenses with a roommate, you have to determine how to fairly divide up household costs.
2. Develop an easy way to track expenses.
3. Skip sharing food.
4. Create a roommate agreement.
5. Consider unexpected expenses.

What to do if roommate steals from you?

If you suspect your roommate is stealing from you, here are a few steps you can take:

1. Make sure the item isn’t misplaced. Don’t automatically accuse your roommate if something is missing.
2. Mention the disappearance.
3. File a police report.
4. Only confront your roommate if you have proof or strong evidence.

How do you split grocery costs with roommates?

Do Check Out at the Grocery Store Separately But that doesn’t mean you should check out together and split the grocery bill down the middle. Buy the groceries you plan to eat for yourself. If you plan to make a shared meal together, assign everyone a different portion of the meal to make, like any other potluck.

How do you separate finances when living together?

Here’s how.

1. Determine the Expenses You Will Share.
2. Set Your Contribution Amount.
3. Figure Out Your Contribution Amount.
4. Open a Separate Checking Account.
5. Items You Are Responsible For.
6. Budgeting the Rest of Your Income.
7. Keeping Expenses Separate.

How are roommate expenses calculated?

Split big bills, each person owns one small bill – You can all split gas and electricity, but if your internet, water and garbage bills are similar, each person can be responsible for one. Add everything up and divide it equally – Take the total amount of your monthly bills and divide it by the number of roommates.

What should I do if my roommate owes me money?

Keep a record of your bills, especially if your roommate owes you money. If you pay the rent with a check, write a bill showing your roommate’s portion due and keep a copy of the check. Hopefully it never comes to it, but you might need that evidence in small claims court one day.

Should you share housing expenses with a roommate?

You can’t afford financial privacy when you share housing expenses. You need to make sure your housemates can actually afford the rent. If your roommate loses their job or their income dips and they don’t have an emergency fund, you could get stuck with the rent and utility bills.

What happens if one roommate is late on rent?

Finally, if one late payer causes the rent or bill to be late, they become entirely responsible for the late fee. The other roommates should not shoulder that expense if they paid in their money on time. You can create a shared checking account, but nominating one person to assume bill-paying responsibility creates stronger accountability.

Should my boyfriend give me a gift if I rent an apartment?

If the roommates don’t ask at all, the significant other should at least try to be very polite and contribute a nice gift. Some points of clarification: If a girlfriend or boyfriend lives in an apartment full-time (i.e., isn’t renting another place of their own), they should pay a full share of bills and rent.