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3. Your breakup will be even more complicated. If you think breaking up is hard, try it with a home-sized asset right in the middle of it. Your heart is broken, your dreams are shattered and now you have to decide: Who stays and who goes? Who gets what furniture? Do you have to split the proceeds of the sale? How will you be reimbursed if home improvements like new sod, sprinkler system, surround sound or paint are already invested? Dr. Thomas Bradbury a PBS relationship expert reports, "Partners in cohabiting relationships … report higher levels of aggression in their relationships and more problems resolving disagreements." Now that your relationship is over, your unresolved disagreements have a price tag attached. There have even been cases of cohabitating couples suing each other over back payments and mental distress damages.
We want your relationship to last for the ages — longer than a 30-year mortgage — so buck the trend and delay your home purchase until you're officially husband and wife. Then, you can celebrate your commitment to your marriage, your future, and your home with "his and hers" monogrammed mugs for your new breakfast bar.
Scott & Bethany Palmer
Creators of The 5 Money Personalities™
The Money Couple®
Scott & Bethany Palmer are financial experts, authors, TV/radio personalities and sought after speakers. Their mission is to help people improve their relationships through a better understanding of their approach to money. Their new book The 5 Money Conversations To Have With Your Kids At Every Age and Stage hits shelves December 2014, pre-order here. Check out Scott & Bethany's latest video: Money Smart Kids.