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Money Tips for Moving in Together

(Get Ready for the Talk)

So, you’re ready to take the leap from living with roommates to moving in with your significant other. While some of the same rules still apply, you may need to take a deeper dive into your finances and set expectations for living together.


Moving in with your partner is a pretty big financial decision, and money topics will come up in the process. Here are some questions to consider asking each other:

  • What is your income?
  • How much debt do you have?
  • Have you ever not paid rent on time?
  • How will we split rent and utilities?
  • Who is in charge of paying each bill?
  • What insurance do we need?
  • Who will bring what furniture?
  • Will we purchase new furniture together or separately?
  • Do we share pet costs?
  • What is the game plan if we break up?


Young couple talks about moving into together and splitting rent.


\ Smart About Money Budget Wizard

Just because you’re moving in doesn’t mean that you suddenly have to tell each other everything. But signing a lease together does mean that you are a team and have to rely on each other to be financially responsible.

Once you sign contracts together and become joint owners of accounts, you and your significant other are bound in the eyes of the law. The utilities company won’t care if it was your partner’s job to pay the bill on time. If your name is on the account too, your credit is equally affected.

So, it’s essential that you come up with a game plan for how to stay on top of your finances. Make a household spending plan that includes only shared things for the household such as:

  • Rent
  • Utilities
  • Cable
  • Internet
  • Electricity/water/trash
  • Insurance
  • Groceries
  • Furniture

Decide who will pay which bills and how. (If you haven’t moved in yet, make a guess and adjust with real numbers once you have them.)

You also might discuss what an “even” split feels like. Sometimes it makes sense to split common expenses 50/50 or, if one person earns significantly more, it could be 60/40 or 70/30.

Do you expect the split to change in the future? Is the goal for one of you to go back to school, have a baby, or start a business? Talk openly about these long-term expectations to prevent misunderstandings down the road.


Moving in with a partner is an exciting life event. Remember to take it slow — your credit and finances are your own. Don’t feel pressured to combine accounts, cosign on loans or share your personal financial information such as logins and passwords. Take your time and enjoy the next step in your relationship. We are cheering for you!

As always, we’ve got your back. — The On Your Own Team End of article insignia

[Any reference to a specific company, commercial product, process or service does not constitute or imply an endorsement or recommendation by On Your Own, the National Endowment for Financial Education or any of its affiliate programs.]