Living with a roommate has gotten really popular the last few years, and it’s no wonder how to split up the bills has become such an important topic. According to the following article, the demand for sharing space with a roommate is skyrocketing.
Eventually, even the best roommate can forget that they owe you or the bill collectors money. You’ll need a way to track expenses and transfer money to each other, so this does not happen. We’ll discuss some tips for splitting up bills in the fairest way possible.
We’re going to answer questions like:
- How do you split up the utility bills fairly between all roommates?
- How much rent should each roommate pay?
- What are the best apps or tools to pay and track expenses?
A quick warning before we start: Sometimes people have a bad credit rating with old unpaid utility bills. You could get a roommate with this situation, this will be a burden and could be a warning sign for what’s to come. Be careful!
Let’s get started!
Tip #1: What Percentage Each Roommate Will Pay
Should all the roommates split the utilities and bills equally? Usually … READ MORE