My partner and I have been living together for a while now. We’re both 27 and want to keep sharing a home. But there’s a problem. I can get a mortgage for a place, but he’s struggling financially right now.
We’re not sure how to make this work fairly. I don’t want to feel like I’m being taken advantage of if I buy a place and he lives there without contributing to the mortgage. He’s offered to cover some other costs, but it doesn’t feel like enough.
We’re not married yet because he’s not ready to settle down. I have some trust issues from my past, so it’s really important to me that our arrangement feels fair to both of us.
How would you handle this situation? We’re looking for ideas that would make us both feel comfortable with the arrangement. Any suggestions on how to split costs or set up our living situation would be really helpful. Thanks!
hey there, i’ve been in a similar spot. maybe consider a rent-to-own setup? ur partner pays u rent, which goes towards future ownership. or do a contract outlining financial responsibilities n future plans. communication is key. dont rush into anything ur both not comfy with. good luck!
Consider drafting a cohabitation agreement. This legal document can outline each person’s financial responsibilities, including how expenses are divided and what happens if you separate. It can address your concerns about fairness while protecting both parties’ interests. You might also explore options like your partner paying a reduced ‘rent’ that’s below market rate but still contributes to household expenses. This arrangement could be reviewed periodically as your partner’s financial situation improves. Remember, it’s crucial to have open, honest discussions about money and expectations to maintain a healthy relationship.
Have you considered a gradual contribution plan? They could start small and increase as their finances improve. How do you both feel about setting milestones to guide your shared future? I’d be curious to hear any ideas on balancing fairness with commitment.