By Judy Dutton
In April 2010, Kristin M., 31, was laid off from her
management consulting position. Money was tight, especially since she lived in
New York City. But even though she could have saved a bundle by moving in with
her boyfriend of three years, she decided against it. “Throughout the economic
recession, we lived separately,” she says. This decision puzzled many of her
friends, who’d moved in with their boyfriends much sooner. But it wasn’t because
Kristin wasn’t serious about the guy (they’d end up getting engaged a year
later), and it wasn’t for religious reasons, either. Kristin just felt that the
benefits of living apart were worth the extra expense, even as her savings
dwindled. “We both think it’s better for the long-term when couples take things
slow,” she explains.
In this harsh economic climate wracked by layoffs
and plummeting stock portfolios, Kristin’s solid stance against moving in
together might strike some couples as an extravagant luxury they can’t afford.
If you’re serious about someone, why not move in together a little
sooner rather than later so you can avoid running up credit card debt — or start
socking away cash for a wedding? But many couples, it turns out, fear that
rushing to cohabitate may damage their relationship. “As a budget-conscious man,
I can tell you the financial sense of living together has been tempting at
times,” admits Kendall J., 25, of Raleigh, NC, who’s engaged but living separate
from his fianc