My previous post discussed tips to bring financial success in your marriage (Financial Success in Your Marriage). In this post I want to talk about something downright sensible: Marriage makes good financial sense. I am talking about practical financial benefits and not the deeper ones of love, emotional stability, etc.
From a monetary standpoint, women get married (or should I say used to, in case I offend some bra-burners) for financial support. Like a gentleman so rightly pointed out to his son-in-law during a wedding rehearsal, “And now I take my daughter’s hand from my pocket and put it into yours!” He couldn’t be more right. Money continues to feature high in women’s wish-list of their ideal man, but extending the same premise, why should a man marry? Unless it’s billionaire’s daughter, that is. I guess because it makes more practical sense, financially.
And more so in these times. Look around you and you’ll see more and more --- couples who both bring home the bacon and keep the fire going. It’s no more a man’s prerogative, at least in booming urban areas. Marriages have considerable financial benefits for both men and women. And here’s why:
- Firstly, there is more flowing into your collective coffers.
- Your rent is halved, there’s suddenly more you can spend on utilities, grocery and fancy dinners.
- On the practical side, you could go in for superior insurance or choose to make higher investments.
- You might find it easier to get your dream home or car because banks are more likely to give you a loan now that you are more financially stable.
- You have a level-head who curbs your sudden shopping urges.
- You can begin to attach real wings to your dreams of traveling or finally have the means to invest in your expensive hobbies.
- In times of recession, you don’t need to fear as much the financial repercussions of losing a job. Your partner’s there to support you until you find another one.
Most important of all, a stable home, both financially and emotionally is the basis for most of our success in our personal and professional lives. And a stable home starts with financial stability. Don’t you think so? Share your thoughts!