How to split bills? 70k wedding?
UPDATE
I have about 450k sitting in a 5% interest bearing account.
We’re also already married, we went to the courthouse, but the reception is the 70k
UPDATE
Hey guys,
I (34M) married to my wife (33F) we have two kids together (age 5 and 6) and she’s currently eight months pregnant, we’re expecting in May.
My income has dropped significantly since 2022, I now make 6k monthly after taxes.
I pay our rent $2,700, $150 monthly for gas, my phone bill $120, $750 on fun money, and I put everything else in my brokerage account and savings.
My wife has been in school during the pandemic and didn’t work, but got her masters now and makes $4,500 after taxes.
Her expenses are the car insurance for the car that we share, which is $130 monthly, she pays the hulu ($70), utilities ($140), internet ($10), groceries and stuff at need for the house ($500).
I have zero debt while she has student loans of 42k that she’s not paying, 7k in credit card debt, 4k of the 7k is in collections.
I’m not sure what else she spends her money on, but she likes planning parties, trips, and stuff like that.
She wants us to buy a house, it’s 450k minimum in our area for the cheapest house in the hood lol
She wants a 70-80k wedding
She wants annual international trips
Our family is growing and we need a bigger car to fit three kids and I told her I don’t want to take that responsibility of paying for the new car and asked her to pay for it monthly, but she says she don’t have the money and she will need eight months to save for it.
So I told her I think it’s ridiculous that she wants me to foot that bill for the new car, which will be like 800-900 for the car and insurance combined. (My city is huge on odometer fraud so we’d rather get a new car)
I told her I don’t have space in my budget for a wedding, a new car, a new apartment (which is more than 3k monthly)
I’m not happy with me spending so much cash monthly for the household while she barely has any bills and is claiming broke.
I want to ask my wife to help out on the rent, but not sure how much she should contribute considering she does 95% of the house work.
I’ll also do my share.
Please advise on what you guys think she should contribute and I’ll do more housework.