The High Price of Breakups

August 19, 2008 RSS Feed Print
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Check out this thought-provoking article over at Tango about the financial side of breakups. The author points out that sometimes, you need to have a stash of cash in order to make the right relationship choice. No one wants to have to continue living with someone post-breakup, as she was forced to do. Here's an excerpt:

As far as financially sound strategies for urban living goes, it doesn't get much smarter than falling in love. Make the commitment, move in together, save hundreds of dollars in rent (and therapy, if you're living in New York). All of this only works, of course, if you stay together. Some 11 million Americans who live with a partner outside of marriage are keen to this option and the advantages that come with it. But what happens when the love withers? True love may be priceless, but breakups have their cost as well.

Tags:
relationships,
personal finance

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Yikes! Sounds like a nightmare.

Kimberly Palmer of 5:09PM August 19, 2008

That totally happened to a friend of mine. She moved in with her boyfriend and then when they broke up, she couldn't move out because she couldn't afford to. Do you know how awkward it is to continue living with someone that you broke up with? And how hard it is to move on when you see that person every morning when you wake up and every night before you go to bed?

Veronica of NY 5:05PM August 19, 2008

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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