Post # 1
FH and I have decided to sit down and discuss a lot of things before we move into our first house in 3 weeks!! We’ve talked about almost everything just in causal conversation and have basically lived together while we’ve been in college, but now we need to talk about finances and all that fun stuff. We are going to talk budget, priorities, timeline for our home renovations, and who pays for what. What else should we be discussing? I know we’ll figure out a lot of things as we go but I want to hit all the major points before we move in and problems start. Thanks!
Post # 3
Household chores, for sure.
Post # 4
@stuckinwonderland: Good one, didn’t think of that!:)
Post # 5
@MrsN14: Discuss not so fun topics like how it’ll work if you break up. Who put the most $$ into the house, etc. What happens if one of you dies? Will the insurance pay off the mortgage? And so on.
IMO it’s best for one person to do the bulk of the financial management. My SO used to be an accountant. I like to spend money. I let him manage our finances. I just am not interested in it. It’ll take some time for you to find something that works, but with time you’ll work it out. Make sure you each have your fun money that is not questioned. Like he can buy a video game and you can go for brunch. Purchases over X amount need to be discussed as couple so he doesn’t come home with a motorbike one day (this shit happens).
Congrats on getting the first house!! I am sure it’ll all go smoothly, especially since you pretty much lived together before 🙂
Post # 6
@canarydiamond: Thank you for the advice! I usually pay the bills, because I do it online and FH isn’t the best (just overpaid 2 bills today by $100…how does that happen? lol) We decided that FH will pay the mortgage since the house will only be in his name until the wedding. I’m hoping everything goes smoothly! Thanks:)
Post # 7
+1 on talking about the possibilty of breaking up, not just about who physically gets the house but other things too. Like if it’s only in his name and you put money into renovations? Expensive furniture and equipment? Down payment?
It isn’t fun, but it definitely helps a lot to have a plan! Enjoy!!
Post # 8
Talk about when it is okay to invite people over, when my friend first moved in with her husband he constantly invited his buddies over for dinner and their food bill went WAY up, she had to put a limit on it or they would have gone into the poor feeding all of his buddies. Maybe if you feel the need set a limit for how often people can come over, if guests have be discussed before the invited, what days people aren’t allowed over, are their different rules for family? and so on.