Moving in Together and your Finances

Advanced Finance Solutions - moving in together and your finances

Moving in Together and your Finances

It is easy when you are in a relationship to get swept up in the romance of it all. How do you strike the right balance and make a long term decision that is built to last? The answer is to ask yourself the correct questions. Below we address some of the important questions that you should consider before taking the plunge to co-habitate with your significant other.
It can be tempting to jump the gun with co-habitating amid all the romance and such rationalisations as “what’s the point in paying two rents/mortgages if we are at each other’s place every night anyway?”
However, before you sell up and move in ask yourself and your partner these questions first.

  • What do you anticipate will change if you move in together?
  • If you have children, what are your thoughts on living / care arrangements?
  • If you own properties, whose place will you live in or will you find somewhere new?
  • What typically happens when you fight and how do you resolve conflicts?
  • What factors have contributed to the breakdown of your past relationships?
  • What would you like to change about your other half and how will it impact you if they don’t change?
  • How will you share chores?
  • Do you prefer planning or spontaneity?
  • How will you share the financial commitments?

 

Answer the questions truthfully and together – so you can see where your expectations differ and align – this way you’ll have a higher chance of a successful happy relationship.