The most available statistics indicate that almost 122 million Americans are married while about 18 million Americans are cohabitating—that is living together without benefit of marriage. Just like married couples, unmarried, cohabitating couples have to figure out how they are going to handle their expenses. Who pays the grocery bills, especially if one partner wants caviar but the other one can’t stand the eggs? Should they buy a house together? Because an unmarried couple doesn’t have a marriage contract, things can get a bit dicey when it comes to making monetary decisions. So we asked Janet Krochman, a Costa Mesa CPA to provide some financial guidance for cohabitors.

http://www.calcpa.org/public-resources/financial-literacy/financial-empowerment

Follow CalCPA on Twitter @Cal_CPA

Find CalCPA on Facebook calcpa.org/facebook