Archive for May 13th, 2008

13
May

How Marriage Affects Your Bottomline

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Tuesday is money/politics day on invisible blog.

by Jason Proe 

May is here which means that I will inevitably be invited to attend a few of my friend’s weddings. We all know that to start the process you have to shell out some dough to buy a decent engagement ring, but what happens after the wedding and honeymoon? That’s when the real expense kicks in. Investopedia has published an article on the financial pros and cons of marriage.

Furthermore, buying a house, the single greatest expenditure most people will ever make, is usually the next expense on the newlywed’s debt-laden agenda. According to the U.S. Census Bureau, the average cost of a house stood at $299,100 in April of 2007, which can be up to 10-times a newlywed’s yearly wage. Once the couple has bought a house, it will need to furnish and decorate to create a home. Filling rooms with furniture is an expensive proposition, and even modest decorations can come with a hefty bill. Once again, credit cards are often the answer.

The article covers other money sappers like kids and vacation. If you are married, let us here about how your financial life has changed in the comments.