Moving in with your boyfriend, girlfriend, fiancé, or spouse can be an exciting time in your relationship. Not only are you able to live with the person that you care for most, but you are also taking a big step towards your future. This is why it is of the utmost importance that you discuss managing finances when, or even before, you move in with your partner. Finances are one of No. 1 reasons why relationships end, so if you want your move to Alachua, Florida, and your relationship, to be successful, then it is important to start talking about budgets and shared financial goals.

Rules to Follow

While discussing the topic of managing finances when you move in with your partner may seem daunting, we have come up with some helpful tips to make the process easier:

• Talk about money – Commutation is key in a relationship, and that includes talking about money. Discuss your income, debt, assets, financial goals, and spending habits. That way, there are no surprises as you start paying your shared bills.
• Keep finances separate – Unless you are married, make sure to keep money separate. If the relationship was to go south, or your partner begins to spend too much money, then you are protected.
• Split expenses – No one person should be paying for all apartment costs, so split expenses where it makes sense. Discuss beforehand how you will be splitting food, rent, etc., and keep to that agreement.
• Put your agreement in writing – It might not sound romantic, but making sure to document who is responsible for paying which bills is crucial. This way, your partner cannot leave you with all of the finances if the worst were to happen.

Visit One 51 Place

If you are ready to take the plunge and move in with your partner, then why not consider One 51 Place in Alachua, FL? Contact us today, or stop by our leasing office, to learn about the benefits of living in our community.