Watch this fun 3-minute commentary with personal finance expert, Andrew Hatherley, on FOX5 Las Vegas, and then check out the tips for unmarried couples below!

How to Prepare:

Have a frank conversation about money.

58% of people polled said that they would rather be single than be with a financially irresponsible spouse.

Have an exit strategy. 

Non married couples with shared assets can have a cohabitation agreement, which will assist in later splitting those assets apart.

Treat business like a business (If you are in business together). 

Romance can bring emotion into your business transactions, which can blind you from making clear and logical decisions.

Speak to an Estate Planning Attorney. 

A person’s estate is considered the net worth of a person at any point in time.

Pay attention to a home purchase.

Buying a home is often the biggest and most financially complicated move a couple makes, and unwinding it can be especially difficult for unmarried couples if the relationship ends.

BONUS TIP: Find out each other’s credit score.