I'm a finance expert - mistakes to avoid if you're not married but live together

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'I'm a finance expert - mistakes to avoid if you're not married but live together'

Discussing finances with your loved one can be a little uncomfortable, but avoiding the conversation could be "painful in the long run", Susie said.

If one of you is a saver and the other is a spender - have a chat about how you can compromise your habits so they work for you both. Make sure you both have access to the account and sit down to monitor it regularly - and any investment decisions should be shared too.Be realistic about worst case scenarios

This covers what share of the property each person owns - which is particularly important if one person has contributed more to the deposit. It means you both are clear on what your rights are - which will help nasty arguments in a worst case scenario.That means if one of you dies, your assets are automatically passed to your spouse - that includes your savings, pension and share of any property.

 

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