Merging money? Couples living together need a financial plan

 Budgets are not romantic, but unwed couples who want to live together should break out a calculator before calling the moving trucks. (AP Photo/File)

Budgets are not romantic, but unwed couples who want to live together should break out a calculator before calling the moving trucks. (AP Photo/File)

NEW YORK (AP)—Budgets are not romantic, but unwed couples who want to live together should break out a calculator before calling the moving trucks.
Creating a financial plan can help prevent arguments and unpleasant surprises, and protect each person from costly financial missteps. And if they merge their finances carefully, couples can make living together a big money saver.
“It’s easier to have these conversations before you’re under the same roof,” says Nancy Skeans, a partner at Schneider Downs Wealth Management Advisors in Pittsburgh.
The number of unmarried couples choosing to live together continues to grow. More than 7 million U.S. households were led by unmarried couples in 2013, up 1.7 percent from the year before, according to estimates by the U.S. Census Bureau.

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