Moving In???

So me and my boyfriend (of about a year and a half ish) were thinking of moving in together this summer! We are both in college with jobs (We’re both waiters at restaurants LOL) and are pretty good with our money. My only worry is having so much to pay for. I pay for anything my scholarship doesn’t cover when it comes to my education as well as car insurance, cell phone, and credit card bills. With the area we’re looking to live in I’m worried about falling behind financially. Is this (moving in) something I should commit myself to? Or do you guys think we may be moving too fast. I don’t want to get myself into a situation I can’t afford, but also don’t want to live an hour and a half away from campus with my parents. Anyone have personal experience with these types of situations? Anything helps! 💜

Edit: I forgot to mention that he gifted me a promise ring this Christmas and we are a very serious couple so I am not worried about not having our relationship work out in the long run, he’s a wonderful guy and definitely someone who I can see spending my life with 😍