My boyfriend and I would like to move in together. We have been dating 3.5 years. We want to be financial stable and ready to get married at least a year after living together/. Whjat would be a decent amount of money to have save up before living together?
2007-12-08 17:01:19 · 12 answers · asked by J'adore 4 in Family & Relationships ➔ Marriage & Divorce
We want an upper middle class lifestyle. If you combined our current income, we make about 60k combined. When I finish with my master's, we'll make about 80k combined.
2007-12-08 17:11:35 · update #1
first, get the ring before you take one step further into moving in together!!
second, what sort of place do you want to live together in? you thinking of purchasing a place together, renting, what?
third, talk honestly and openly about finances. perhaps even talk to a financial advisor in order to help both of you individually and as a couple be able to accomplish what you both want and need to financially today, and tomorrow.
2007-12-08 17:06:12 · answer #1 · answered by celticbuddha 7 · 4⤊ 0⤋
Do you math:
Living standard + combine incomes + current debts( if you guys have any) + current saving (2) + ring + wedding expenses .hobbies expense + disaster expenses(these are like extra saving in your account)
After you guys figured these out: projected future income should use towards monthly mortgage payments, which I mean keep it in the bank as extra saving for mortgage if you have yet to buy a house or invest, but don't keep your eggs in the same basket.
It's hard to give the exact amount with the preferred lifestyle you chose, because I have to sit the two of you down to go over your plans. My suggestion is just don't waste your capitals if you don't have to since you guys already had future plans.
2007-12-09 01:33:19 · answer #2 · answered by Dongfeng!!!!!!!!!!!!!! 4 · 1⤊ 0⤋
I would say a couple thousand, 2. If getting an apartment, most of that will go towards first month's rent, security deposit and household items. It's always good to have money put away for emergencies too. I remember when I moved into an apartment with my then fiance. We were so caught up trying to get everything we needed in the house (directv, internet, house phone, cell phones, etc) that when it came time to pay all the monthly bills for everything we got, we were literally broke! Make sure you're smart with your money. Money comes & goes quick!
2007-12-09 01:46:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Well, I say just get married first. Living together before getting married usually ruins the relationship. I know it did mine. I don't think that you two need to save any money, except saving up for a nice down payment on a house.
2007-12-09 02:01:10 · answer #4 · answered by rashida_16 5 · 0⤊ 0⤋
If you really want to be prepared, have enough saved up for 3 months of living expenses, just in case something happens and one of you (or, God forbid both of you) loses your job. This should be over and above whatever you need to actually do the moving in thing - like deposits or down payments or whatnot.
2007-12-09 01:13:28 · answer #5 · answered by Elizabeth 7 · 1⤊ 0⤋
you should sit down and budget everything that you expect you'll need to spend on bills, entertainment, emergencies, etc. also, it's a good idea to know where you want to live and then have at least a month's rent/mortgage x2. & definitely need something put back for deposits that you might have to pay for certain things because just that alone can get pretty expensive. there's really not a set amount --- it really does just depend on your lifestyle.
2007-12-09 01:11:55 · answer #6 · answered by fiore 3 · 3⤊ 0⤋
I tdepends on what state you live in and the cost of living. I moved out on$1000. I would say mabey 2 to 3000
2007-12-09 01:24:16 · answer #7 · answered by Nae 3 · 1⤊ 0⤋
I think you've known each other long enough to marry. It would be good if you could save enough to buy a house - in the current financial real estate market, you could probably find a bargain. Visit your banker, to see what the current requirements are as they have recently tightened up their criteria.
Joy to you!
2007-12-09 01:12:28 · answer #8 · answered by frillyfroofroo 6 · 1⤊ 0⤋
80k is not upper middle income in this day in age, not by a long shot.
Sex is for married people only. You should not move in with him until he is committed to you in marriage. You should not give your precious self to him until your wedding night. He has been totally disrespecting you. Have some respect for yourself. Don't move in with him.
2007-12-09 03:26:30 · answer #9 · answered by Sweet Suzy 777! 7 · 0⤊ 1⤋
I think you would do better to get married first as I know you would receive many monetary gifts from your family and friends - my friends had enough for a down deposit on a house!
2007-12-09 01:06:31 · answer #10 · answered by curiouscanadian 6 · 2⤊ 2⤋