You’ve been dating for some time now, and the relationship is going well—so well, in fact, that you decide living together is better than living apart. Cohabitation before marriage, risqué in the '60's, has become mainstream for couples these days. According to US census data from 2012, 7.8 million couples are living together unmarried, compared to 2.9 million in 1996. Seventy percent of women between 30 and 34 have lived with a male partner, according to data from a survey by the US Centers for Disease Control and Prevention.
While this can be a romantic and exciting time in couples’ lives, it can also have consequences—both financial and for the relationship—for couples who don’t have guidelines in place. Here, we compiled financial advice from experts Jonathan Clements, author of Jonathan Clements Money Guide 2016 and former personal-finance columnist at The Wall Street Journal, and David Weliver, founding editor of MoneyUnder30.com.