HOW SHOULD YOU SPLIT EXPENSES IN A RELATIONSHIP? 👇👇 Let's chat about the differences between equal (50/50) and equitable when it comes to household responsibilities. It's important to remember that achieving financial fairness is more than just splitting bills. It's about security, teamwork, and a willingness to share. 💑💬⁣ Here's the scoop: Equality means treating everyone the same, while equity ensures everyone has the chance for similar outcomes. 📊💡 Studies suggest that equity tends to be the fairer outcome, as it considers different starting points and circumstances.⁣ So how does financial equity look in relationships? It involves adjusting expenses based on each person's income, valuing unpaid labor, and ensuring both partners have a say in money matters without guilt or allowances. 🤝💕⁣ Why does this matter? Well, outside of relationships, we can see the effects of inequity, like the gender pay gap. It's essential to achieve financial fairness to avoid negative impacts like financial stress and lower quality of life.⁣ When there's an earning disparity, equity becomes even more crucial. Women, in particular, can be disadvantaged if financial equity isn't achieved, facing potential challenges in retirement and beyond (due to circumstances like the motherhood penalty). If you're working towards financial equity, start by having open conversations as a team, understanding each other's values, and setting joint goals. Remember, there's no one-size-fits-all approach, but understanding the difference between equal and equitable can help you create a stronger financial foundation for your relationship. The goal is to thrive, not just survive. I teach you how to win with money 💰 get started with our free trainings. Find them on our website under FREEBIES 🤍

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