Split the bills and settle up

How it works

Divide up who pays what. Alex pays the mortgage and the utilities, and Sam pays for groceries and the internet. Each shared bill is split 50/50 (or by income), so whoever pays it is owed the other half. Once a month, or whenever suits you, you pay each other back with your bank or a payment app.

In Dollero, the money your partner owes you goes in a Reimbursement category. It keeps a running total of what you're owed and doesn't come out of your Available to budget, because you're getting it back. When your partner pays you, that transfer goes into the same category and it's back to $0.

Is it right for you?

It suits couples who keep their finances separate and want shared costs split fairly, without opening a joint account. It works well when you each pay different bills, and because Dollero keeps track of who owes what, settling up takes one transfer.

If you'd rather plan your shared spending as a team, We recommend Option 1.

Putting it together: Alex and Sam in Dollero

Alex and Sam each keep a personal budget with their own chequing account. Here's how they split the bills and settle up in Dollero.

Getting started this month

1. Decide who pays which shared bills, and whether to split them 50/50 or by income.
2. In Dollero, each create a personal budget with your own account, and invite your partner.
3. Each add a Reimbursement category for what your partner owes you, and a Shared Bills category for what you owe them.
4. Split each shared bill as you record it.
5. Pick a settle-up day, such as the end of the month, and pay each other back.

Your first month or two will show you what each of you really pays. Adjust who pays which bills until the settle-up amounts feel manageable.