Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

Living with roommates can be a minefield.  Particularly when it comes to splitting shared expenses.  Here are a few tips to navigate the situation.  One of the best things about roommates is splitting the expenses.  But it can also be one of the most fraught aspects.  Learn how to do it so everyone feels they’re being treated fairly.  Thomas is currently living with three roommates even though they are all done with school.  So he knows something about how to make this situation work.  They have individualized leases which not everyone may be able to get but is worth asking about.  The utilities are shared and you’ll have to decide in who’s name to open the accounts.  That person should automate the payments to ensure that nothing is ever paid late. Thomas uses Stripe to breakdown the amounts everyone owes and they pay him through it.  Some stuff is just not worth fighting over.  Breaking down who takes longer showers or works from home using the most electricity is petty and probably doesn’t make a huge diff