Pro: A Greater Chance at Building Wealth
It’s not just taxes that you’ll have an easier time with, it’s also building wealth. You might think that your expenses will go up, but they’ll actually drop significantly. The biggest example is when it comes to your home- you only have to fund one, so your household expenses will be cut in half for the most part.
Meanwhile, your earnings will go up if both of you have an income. This can also help significantly when you qualify for a mortgage or a business loan. Those who apply as individuals aren’t always so lucky.
So there’s no shame in thinking about building wealth when you get married. Sure, there’s romance. But considering the financial aspect isn’t something to sneeze at, either.
One study even found that married couples saw a wealth jump of 16% for every year that they were married!
1 thought on “Is Getting Married the Most Financially Responsible Move?”
Thank you for some other informative blog. The place else may just I get
that kind of information written in such a perfect manner? I’ve a venture that
I’m simply now running on, and I’ve been on the look out for such info.