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TimeSquare Weekly > Blog > Business > Young Couples Choose to Move in Together Early to Cut Rent Costs
Business

Young Couples Choose to Move in Together Early to Cut Rent Costs

Time Square Weekly Editorial Team
Last updated: 2024/07/07 at 11:57 AM
Time Square Weekly Editorial Team
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Young Couples Choose to Move in Together Early to Cut Rent Costs
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Moving in together can be a big step for any couple, but for some, it’s a practical solution to housing challenges and a way to save money. The story of Caroline Li and Colin Wang is a prime example of how circumstances can lead to a serendipitous living arrangement.

Colin, a 28-year-old medical student, found himself in a housing crisis due to a mold infestation in his apartment, while Caroline, a 24-year-old registered nurse, had a roommate moving out mid-lease. Together, they found a solution by moving in together, sharing an apartment in Santa Monica, California.

Their living situation not only saved them money but also brought them closer together. Living in a top-floor apartment with modern amenities and evenly splitting costs, Caroline and Colin have learned to navigate the challenges of cohabitation while strengthening their relationship.

This trend of moving in together early in a relationship to save money is becoming more common among young couples facing high housing costs and limited affordable options. Financial considerations often play a significant role in these decisions, as shown by recent surveys from Realtor.com.

While splitting rent and expenses can be financially beneficial, it’s essential for couples to have open communication and shared financial goals. Kaitlin Cadagin and her boyfriend found success in this approach, sharing a one-bedroom apartment in downtown Chicago and dividing costs based on their incomes.

For some couples, like Eva Hersch and her boyfriend, the decision to move in together proved to be a learning experience that ultimately led to a breakup. Reflecting on their time living together, Eva realized the importance of waiting for the right time to take such a significant step in a relationship.

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Time Square Weekly Editorial Team July 7, 2024 July 7, 2024
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