Moving in

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Moving in with your significant other is a pretty big deal. Without proper planning, it could be a disaster. There are some things that definitely need to be discussed prior to taking the leap together. Don’t be scared. Implementing these five tips can make for a much smoother transition.

Do Your Lives Align?

Before moving in together it is important to know that you and your partner are on the same page. Do you eventually plan on getting married? Do you plan on living in the area for several more years or moving out of state? Do you want children at some point? If you have different answers to these questions, that could be a major red flag.

Going Dutch at Home

It is important to figure out a way of splitting expenses that is fair for your situation. If 50/50 works for your partner and you, great! However, it usually is not that simple. One person might make substantially more than the other. In that case, splitting things 50/50 isn’t reasonable. Sit down and decide what works best for both of you financially. The most important thing is to have a plan that you both can agree upon.

Checkups for the Checkbook

Finalizing your expense paying arrangement is great, but it doesn’t stop there. It is important to keep checking in with one another financially. Schedule time each week to sit down and go over your individual finances. Go out for coffee or dinner to make it more enjoyable! Doing so will allow each one of you to know exactly where the other one stands. That way when unexpected expenses come up, you will be better equipped to handle it.

You’re Never Too Old for a Chore Chart

Living together requires more than having financial agreements in place. Your partner and yourself both came from different living arrangements which mean that you do things differently. To keep things running smoothly, it would be wise to have a cohabitation agreement as well. Just a simple agreement outlining who handles various household responsibilities. Think of it like a chore board for adults. Have it in writing who will cook, do dishes, do laundry, etc. on certain days.

When the Going Gets Tough, the Tough Get Going

When you first decide to move in together the relationship is probably going great. However, things can go downhill quickly and unexpectedly. Have a plan in place in the event that your partner and you need to separate. Be mindful of whose name is on the important bills and things of that nature. You want to be able to sever ties with as little complication as possible.