finance

‘I split my salary with my best friend. People think we’re strange.’

Earlier this week on TikTok, a now-viral video stopped me in my tracks.

It was posted by Australian expat Caitlin Emiko, who said she splits her salary with her best friend.

As in... completely down the middle. 

Watch: 4 money hacks that don't cut out your daily cup of coffee. Post continues after video. 

The 25-year-old, who now lives in New York City, says she has two incomes — one through freelance content creation and influencing, and the other from working at an "invite-only subletting platform and social club". 

And for every dollar she makes on the social media side, 50 cents of it goes to her housemate and best friend. 

"My best friend gets half of my salary and people think it's so strange," she said. "Essentially how it works is I get paid a salary and obviously if I do any influencer work and get payment for that, I give 50 per cent of it to my housemate/best friend."

Caitlin insists there is a lot of trust between the friends. 

"One of the biggest questions we get asked is, 'Has anyone ever spent a large sum of money without the other one knowing?' No," she said. 

"I feel like this structure makes me more financially responsible because someone else is watching what you do with your money."

Caitlin says that the concept of sharing finances is definitely bizarre for some, but it's something she got used to with her ex-boyfriend who she dated for seven years before moving to the United States. 

"I still share a mortgage with him and we still have shared bank accounts as well," she shared, adding that they rent out the property they still jointly own. 

"We both put the same amount of money into the account each month and then we have tenants that pay into that. It's not positively geared yet... so we do have an excess on our mortgage that we split 50/50," she explained. 

@caitlin.emiko Replying to @IG owning a house with your ex check #owningahouse #exboyfriend #breakups #jointfinances ♬ original sound - Caitlin Emiko

"Because we both have access to the account, we can take out money as we please or put in money as we please... He'll take money out for things if there are repairs or maintenance. I will literally not bat an eyelid. I'll be like, 'Okay. Cool. No worries.' The same goes for me."

She added: "The decision to keep the property was based on the fact that it's quite a good investment. It's quite literally the s**ttest house on a really good street. 

"It would be so stupid financially for our future to sell it now and not really have made any profit from it. We've been doing this for over a year now and it is working perfectly fine for us."

Feature Image: Instagram @caitlin.emiko.

We want to hear from you! Help us shape what you read, watch & listen to on Mamamia. Share your thoughts in the below survey. PLUS as a token of our appreciation…you’ll go in the running to win a $100 gift voucher!

Related Stories

Recommended

Top Comments

simple simon 6 months ago 1 upvotes
the same goes for her best mate, who gives her half of everything she makes in content creation as well
Okay. So she's not just giving her friend half of that income; they are both sharing the income they each recieve.

okay 6 months ago
I get the impression the account is used for household expenses and shared social things like meals and going out, which makes perfect sense and is much easier than asking each other for money all the time or trusting that the bills are getting paid if ones a little tardy. She has just left that out to make it sound more exciting lol.