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Money Management Tips While Living Together

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Don’t move in by degrees. Some people leave their toothbrush one night, then a few changes of clothes, and before they know it, they’ve moved in.

Have a discussion with your partner about leases, household expenses, and other important matters before you make your decision.

Create a written living-together agreement. Clarifying your intentions in writing will help you to avoid misunderstandings and costly disagreements later. In most cases, your agreement will be enforceable in court.

Plan carefully before you borrow with your beloved. Determine in advance who will be responsible for debts incurred during the relationship. In the absence of an agreement, each partner is generally responsible for debts for which she has signed, often without recourse to the other partner for repayment.


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