• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Dividing bill cost in relation to incomes formula

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Dividing bill cost in relation to incomes formula

    Hi i wasn't sure where to post this does any body know of a online calculator or a formula to calculate how household bills should be paid in relation to two peoples incomes

    Say person 1 has a weekly wage of £90 and person 2 has a weekly wage of £300

    In pre potion to there incomes how would a weekly rent bill of £80 be split?

    Does anybody know the formula for this? please help
    Tags: None

  • #2
    Re: Dividing bill cost in relation to incomes formula

    well ... £90 is just under 1/3 of £300, so (personally) I would say the split should be 2 to 1. It would roughly work out at £54 and £26 :tinysmile_twink_t2:
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

    ~~~~~

    Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

    I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
    But please include a link to your thread so I know who you are.

    Specialist advice can be sought via our sister site JustBeagle

    Comment


    • #3
      Re: Dividing bill cost in relation to incomes formula

      Originally posted by Kati View Post
      well ... £90 is just under 1/3 of £300, so (personally) I would say the split should be 2 to 1. It would roughly work out at £54 and £26 :tinysmile_twink_t2:
      Hi kati im really know good with fractions or figures is there any formula that i could use on a calculator to work out all my bills this way?

      Comment


      • #4
        Re: Dividing bill cost in relation to incomes formula

        Originally posted by povertypimp View Post
        Hi kati im really know good with fractions or figures is there any formula that i could use on a calculator to work out all my bills this way?
        Ok
        If you put the total bill into the calculator and divide it by 3, that will give you the lower amount (or what the lower income earner should be paying). Multiply this by 2 to get the higher earners figure.

        As £300 (high earner) is just over 3x £90 (low earner) I have rounded down to get the lower amount and up to get the higher.
        eg: £80 / 3 = 26.6666666667 this is rounded down to £26 for the low earner
        26.6666666667 x 2 = 53.3333333333 this is rounded up to £54 for the high earner
        Debt is like any other trap, easy enough to get into, but hard enough to get out of.

        It doesn't matter where your journey begins, so long as you begin it...

        recte agens confido

        ~~~~~

        Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

        I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
        But please include a link to your thread so I know who you are.

        Specialist advice can be sought via our sister site JustBeagle

        Comment


        • #5
          Re: Dividing bill cost in relation to incomes formula

          Originally posted by Kati View Post
          Ok
          If you put the total bill into the calculator and divide it by 3, that will give you the lower amount (or what the lower income earner should be paying). Multiply this by 2 to get the higher earners figure.

          As £300 (high earner) is just over 3x £90 (low earner) I have rounded down to get the lower amount and up to get the higher.
          eg: £80 / 3 = 26.6666666667 this is rounded down to £26 for the low earner
          26.6666666667 x 2 = 53.3333333333 this is rounded up to £54 for the high earner
          Many thanks kati for your help kati so i can use this to work out all my bills now?

          Comment


          • #6
            Re: Dividing bill cost in relation to incomes formula

            so if i was to work out another bill of £45

            Using this formula the lower earner would pay £15

            And the high earner £30

            Is this correct?

            Comment


            • #7
              Re: Dividing bill cost in relation to incomes formula

              Originally posted by povertypimp View Post
              Many thanks kati for your help kati so i can use this to work out all my bills now?
              Yep :nod:

              Originally posted by povertypimp View Post
              so if i was to work out another bill of £45

              Using this formula the lower earner would pay £15

              And the high earner £30

              Is this correct?
              exactly!! [MENTION=38755]povertypimp[/MENTION], I's say you've got it
              Debt is like any other trap, easy enough to get into, but hard enough to get out of.

              It doesn't matter where your journey begins, so long as you begin it...

              recte agens confido

              ~~~~~

              Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

              I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
              But please include a link to your thread so I know who you are.

              Specialist advice can be sought via our sister site JustBeagle

              Comment


              • #8
                Re: Dividing bill cost in relation to incomes formula

                Kati i found this this comes out with slightly different figures could it be used, surely the fact its usd doesn't matter?

                http://www.countcalculate.com/privat...-income/result

                Comment


                • #9
                  Re: Dividing bill cost in relation to incomes formula

                  Originally posted by povertypimp View Post
                  Kati i found this this comes out with slightly different figures could it be used, surely the fact its usd doesn't matter?

                  http://www.countcalculate.com/privat...-income/result
                  you could do if you wanted x
                  Debt is like any other trap, easy enough to get into, but hard enough to get out of.

                  It doesn't matter where your journey begins, so long as you begin it...

                  recte agens confido

                  ~~~~~

                  Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

                  I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
                  But please include a link to your thread so I know who you are.

                  Specialist advice can be sought via our sister site JustBeagle

                  Comment


                  • #10
                    Re: Dividing bill cost in relation to incomes formula

                    (discreet cough) I'm going to take the unusual step of disagreeing with Kati - feel free to:caked:!

                    100% of available income = 90 + 300 = 390


                    90/390 = 3/13 or (approx) 23.077% (call it 23)
                    300/390 = 10/13 or 76.9% (call it 77)

                    so for every 100 the person earning 90 pays 23 and the person earning 300 pays 77

                    for ease of calculation the split is more 1/4 to 3/4

                    In the case of 45, 23% of 45 is 10.35
                    77% of 45 is 34.65

                    do feel free to correct if wrong:nerd:!

                    Comment


                    • #11
                      Re: Dividing bill cost in relation to incomes formula

                      Originally posted by MissFM View Post
                      (discreet cough) I'm going to take the unusual step of disagreeing with Kati - feel free to:caked:!
                      Disagree all you want MissFM - I don't mind in the slightest :tinysmile_twink_t2:
                      K x
                      Debt is like any other trap, easy enough to get into, but hard enough to get out of.

                      It doesn't matter where your journey begins, so long as you begin it...

                      recte agens confido

                      ~~~~~

                      Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

                      I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
                      But please include a link to your thread so I know who you are.

                      Specialist advice can be sought via our sister site JustBeagle

                      Comment

                      View our Terms and Conditions

                      LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

                      If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


                      If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
                      Working...
                      X