The_Blue_Tears t1_j6nvcl8 wrote on January 31, 2023 at 5:37 PM

I think talk to your husband about the house if you feel it should be equal. You can both come up with half the down-payment, just in different times, unless you match his contributions. But, what about the mortgage? will you split that equally too? Just something to think about

As for everything else, I think go travel than figure out whether you want to max out your contributions. You have a rental property too, which in about a decade or so will be paid off, if I ran the numbers right. Assuming you keep the same rent (which you could probably increase at that time) and pay (which will likely be more in that time), you'd be making an annual income of 114,200. At this point, if your husband's pay hasn't changed either and assuming it's around the 85k ballpark, you're making 57% of the money. You haven't told us his income, so you can run the numbers using that instead and see whether your percentage changes substantially or not.

Note that you will have to include property taxes and a small reserve for any maintenance required for your rental. I'm assuming the prop. tax is handled with your current mortgage, but I don't know where you live so I can't adjust your income for that.

MyLittlePegasus87 OP t1_j6o1fwf wrote on January 31, 2023 at 6:14 PM

Hmm. We're about 61/39.

Now that I see the numbers, it doesn't seem fair to split 50/50 although that's what we did prior to getting married, and we had a lot of changes happen last summer. I started earning more and simultaneously, he took a pay cut to get into an industry where he will eventually get paid more than me. But he's still entry level right now, so it'll take a long time to get there.

And yes! All the excess money from rental income stays contained in my checking/savings combo that is only used for that property. I don't touch it at all, but it's there in case any maintenance or repairs need to happen.