Moving In Together: Money Matters

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We've never been a huge fan of Suze Orman, but last night we caught the tail end of a lecture she was giving on TV. Addressing a group of late twenty-somethings and early thirty-somethings, she was answering a question posed from an audience member: "What's some important financial things to discuss before moving in with your significant other?"

[ Photo from KevinKarnsFamily Flickr ]

Orman's answer was pretty standard: With more and more couples staving off marriage and opting to "live in sin" nowadays, it's becoming more and more relevant to find out what kind of rights you may have in case things go sour. Her advice? Communicate about money up front, keep your finances separate, decide who pays what (i.e., if your significant other makes significantly more than you, both parties should contribute the same percentage of their paycheck to a house fund), and put both your names on the lease if you're renting an apartment together.