What are the financial implications of getting married — and how does your wedding budget affect your overall financial health? What other major milestones affect your financial health? I’ve often read that how you handle a few major milestones in your life — wedding! grad school! baby! buying a house! divorce! retirement! — can have a significant impact on your overall financial health. So I thought we’d start a series on Money Milestones. (We’ve already talked about how where you live affects your finances, as well as what a general money roadmap, through life, should look like.)
First up: the financial implications of getting married. The question to everyone who’s been through this: what choices did you make that affected finances? What would your advice be to someone just going through it (either for the first time or again)? To those of you who decided NOT to get married because of the financial implications — please share some of your thoughts with us!
For my $.02, these are my best tips: