The phrase is casual and might be inappropriate for formal conversations. I'd avoid saying 'shack up with' during a job interview.
Pro Tip 2/3
Potentially Sensitive
Some people might find it offensive or too personal as it refers to cohabitation or sexual relationships. Be cautious when asking, 'Are you shacking up with someone?'
Pro Tip 3/3
Cultural Nuance
In some cultures, living together outside of marriage is common; in others, it's frowned upon. They're not worried about wedding plans; they're happy to just shack up.