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Lauren's Updates

The following content originally appeared in an article by Yelena Moroz Alpert in Martha Stewart Weddings on January 25, 2016.


Should You Live Together

Before You Get Married?

To live together, or not to live together, that is the question. As your relationship grows, so does your time and commitment to each other, which brings up the topic of whether you should pack your Ikea furniture and move in together (you spend most of the week under one roof anyway). Cohabitating before marriage is pretty common these days, but it's not always the ideal next step for every couple. We checked in with a slew of experts—from a psychologist to a financial advisor—to weigh in on the pros and cons of living together before you walk down the aisle.

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Pro: You'll finesse money habits

You already know that money issues are one of the most common conflicts in marriage, so it's definitely a good idea to work out the kinks in advance. "Living together can be a safe, private place to begin your life together," says Lauren Klein, financial advisor in Newport Beach, Calif. "Since you still have your own financial identities, this is the time to test-run sharing utility bills, discuss debt and fiscal goals, and learn about money management skills." Living together can get you in the habit of discussing money and figuring out cash flow. Plus, it's perfect training for working on your wedding budget.

Click here to read the full article in Martha Stewart Weddings.

 

 

 

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Disclosure

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Lauren S. Klein, President, Klein Financial Advisors, Inc. Material presented is believed to be from reliable sources and we make no representations as to its accuracy or completeness. Read More >