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Moving In Together -Finances

 
 
SMW83
 
Reply Mon 28 Aug, 2017 08:34 am
Hi,

My partner and I have been dating for around 8 months now and since meeting we have only spent two nights apart, with him staying with me at my place each time.

Due to this, when his lease was due to be renewed two months ago, it’s seemed ridiculous for him to be paying rent for a property he wasn’t staying at considering he has been practically living with me for the last 6 months and I own my own home so I invited him to move in. He has moved into my place, which I have furnished myself, with only personal belongings, clothes and such owing to the fact he lived in a fully furnished place. We both work and earn around the same.

However, since moving in he has only ‘contributed’ £200 per month towards bills and such with me paying all bills, food etc. Considering these bills have increased since him staying with me and I am buying food and such for two people (with these outgoings costing me around £800-£1000 per month and were around £500 per month previously), with me also washing and cooking for him and predominantly maintaining our home solely.

I perhaps should have discussed it with him before moving in but it seem uncouth considering it was a new-ish relationship but am I wrong for thinking he should contribute more?

He is 8 years younger than me and like I said is a relatively new relationship so any advice on how to approach this with him would be greatly appreciated.
 
jespah
 
  5  
Reply Mon 28 Aug, 2017 08:50 am
@SMW83,
Put it in writing.

This is not in anticipation of breaking up. Rather, it's so everyone is clear on what's expected of them.

Your fellow agrees to pay:
  • £200 per month for groceries
  • £400 per month for his living space (you can get an idea of cost by looking at typical rents in the area and then giving him a discount of at least 25%)
  • £100 per month for utilities (and then list the utilities: landline phone, cable TV, gas, oil, electricity, trash removal, water, heat, whatever is paid as utilities in your area)
  • X amount for groceries if you share them.
  • He agrees to pay for expenses that are solely his, such as his own phone, any meals out he has without you, his own clothes and his own personal care products (assuming you don't share these).

Of course substitute the correct numbers for my own.

If he balks and says it's too much, well, he just stopped having to pay full rent for an apartment. And keep the cash in a separate account and don't touch it. It doesn't have to formally be escrow but treat it that way. Call it a rainy day fund or vacation fund or a wedding fund or whatever you like.

If you break up, give him, say, 25% of it back. After all, if you break up, he'll lose his home. If you stay together, then use it for whatever big expense you like and call it a day.

Reassess in a year. If you get a more permanent connection, then you might be able to ditch this. But right now, it's in everyone's best interests to have this stuff in writing and stick to it.

You're his landlord (or landlady). Just because you sleep with him doesn't mean he isn't costing you extra utility or grocery money.
0 Replies
 
ehBeth
 
  3  
Reply Mon 28 Aug, 2017 09:04 am
@SMW83,
SMW83 wrote:
how to approach this with him would be greatly appreciated.


you have to be honest with him about this

lay out your costs before his arrival and your current costs - let him know what the expectations are for him to contribute to the household

since he's been saving money while living with you, he should have a nice chunk available to pay you back for the first set of months - and to put into the new communal account
0 Replies
 
Linkat
 
  3  
Reply Mon 28 Aug, 2017 12:07 pm
I agree with both of the above.

And be honest and truthful. Let him know this has been a financial burden to you and you would like to sit down and discuss and put in writing what you both agree to paying.

I can tell you I was in a similar situation - not exact, but similar. My boyfriend moved across country to be with me. Originally I was going to move but because of certain financial situations I wouldn't be able to move for a year or so. So he decided he didn't have anything holding him back so he moved.

I owned a condo and with no job the only for him to move here was to move in with me. We agreed on it, but he was going to search for a job. He got one that just paid commission - it was taking him quite a while to get up to speed and money any sort of legit amount of money. It began depleting my savings. So I sat him down and let him know the situation. That my savings was starting to be tapped into. He jumped up and got a salaried job rather than commission.

Sometimes you just have to be clear. He might have no clue (many men are - for lack of a better term - dense unless you hit them over the head and tell them) and think everything is good. Or he might be taking advantage of you - either way you need to be clear so he understands (or you not walked over).
0 Replies
 
centrox
 
  3  
Reply Mon 28 Aug, 2017 01:27 pm
SMW83, remember you shouldn't have to pay to have a boyfriend. If he threatens to leave if he has to contribute an equal share.

0 Replies
 
 

 
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