The term “Vat & Sit”, or otherwise known as cohabitation, has become the preferred method of advancing a relationship to the next level.
Different attitudes, spending and saving habits are the main source of stress in any relationship. A couple who is committed and loving in every other aspect of their relationship may find that how they deal with money is a deal-breaker unless they resolve those differences.
To make sure you avoid these problems, both parties should agree to get the help of a legal adviser, who can provide objective input on formalising your living arrangement. This may include:
It is generally a good idea to get a financial adviser to help you draw up a financial plan that suits your specific lifetime goals and needs. It is also a good idea to draft a will which will stipulate your last wishes in terms of how you would like your assets to be distributed in the event of your death.
A couple that plans for the future together succeeds together. Enjoy the financial freedom that good money habits can give you. Commit to saving and creating wealth as a couple, and reap the rewards together.
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