Sharing Your Life

Congratulations! You’ve reached the point where you are going to share your life with your significant other. Whether you are moving in together for the first time, getting married, buying a house [or sharing with friends]? there are a few things you can do to make the transition easier.

Firstly don’t fall into the wedding debt trap! Before you say ‘I do’ make sure you’ve set up a savings plan to cover what can be a deceptively expensive experience. Set some realistic expectations and prioritise what’s really important to you and remember to include your honeymoon!

If you’re moving in together make sure you consider any extra expenses that you’re likely to face. These could include moving costs, paying a rental bond, buying new furniture, connecting utilities and house and contents insurance to name just a few.

It’s also important that you are aware of any legal commitments you are making. Signing up for the utilities in your name is one way to establish a credit rating, but it can quickly turn sour if your situation changes and you’re left with the unpaid bills and mounting debts. Work through our action plan so you are prepared to start sharing your life.

Have you considered?

  • Revisiting your cash flow based on your new expenses.
  • How you will manage your shared costs.
  • Work out your savings plan for your wedding and honeymoon.
  • Whether you will change your name.
  • How much can you afford in rent or mortgage payments?
  • If you are buying we suggest you also complete the ‘Buying a House’ journey.

Action Plan

Remember just take it one step at a time and we’re always here to help if you need a hand.
As you move through the journey Action Plan you can track your progress on your personal dashboard and tick off your achievements along the way.

Work out what additional items you need to buy

Decide how you will manage your shared costs

Take out house and/or contents insurance