Did marriage improve your financial situation?
- Thread starter StarScream35
- Start date
crlsweetie912
Well-Known Member
Summer_Rain said:Thank youI had a baby too (a girl) lol life has been busy and good
Oh wow that's awesome!!! Congratulations again!!!!!
ClassicBeauty
New Member
For most people, two incomes are better than one. I have a guy friend who was contemplating marriage, and he was hesitant because he had just started his career, contemplating a PhD program, and not financially secure. I reminded him that his $50k + her $60k would give them a $110k life, which would be better for everyone. He knew that his salary would probably only go up over time (and she was fine with his current salary and career plans), so I encouraged him to go for it. A few months later he proposed. Now they're married, and he has already gotten a higher paying job.
Barring unusual circumstances, most people benefit from two incomes. Now if someone plans to quit and stay home with the kids, that's something different.
Barring unusual circumstances, most people benefit from two incomes. Now if someone plans to quit and stay home with the kids, that's something different.
naturalgyrl5199
Well-Known Member
It improved my financial situation, and when we got married I was making way more money than him. He's gotten an immense raise but I still make more $$...and our financial situation is still getting better.
1) You can HAVE MORE $$...doesn't mean you know how to keep it. I'll refer to a previous poster who had friends who had money, then had nothing.
My DH is great with budgeting. We have 2 checking and 2 savings account. While we both are the primary of our respective accounts, we both have access to all 4.
2) Making all that $$...we lived way below our means for 5 years before we bought our house this year....It was hard, but he encouraged me (I was like we got $$, lets do this and that) and kept me on track.
As a result, we paid his student loan off super fast (my student loan is ridiculous), both our FICO's shot through the roof, and we bought our first home this year, and because our credit was so good---thanks to DH's prudence---we were able to buy a new car no no $$ down and low payments when I got into an accident a couple weeks ago. Our savings is already almost 1/2 of what it was with the home purchase.
So I did marry UP...because we have plans and DH is helping us KEEP and invest the money we make because we are living for tomorrow...not just for right now.
1) You can HAVE MORE $$...doesn't mean you know how to keep it. I'll refer to a previous poster who had friends who had money, then had nothing.
My DH is great with budgeting. We have 2 checking and 2 savings account. While we both are the primary of our respective accounts, we both have access to all 4.
2) Making all that $$...we lived way below our means for 5 years before we bought our house this year....It was hard, but he encouraged me (I was like we got $$, lets do this and that) and kept me on track.
As a result, we paid his student loan off super fast (my student loan is ridiculous), both our FICO's shot through the roof, and we bought our first home this year, and because our credit was so good---thanks to DH's prudence---we were able to buy a new car no no $$ down and low payments when I got into an accident a couple weeks ago. Our savings is already almost 1/2 of what it was with the home purchase.
So I did marry UP...because we have plans and DH is helping us KEEP and invest the money we make because we are living for tomorrow...not just for right now.
naturalgyrl5199
Well-Known Member
Hang in there. When its all said and done, degrees awarded and more $$ is made, you are going to think back and thank God for the sacrifices you are making right now. The rewards then, are much sweeter.
MizAvalon
Well-Known Member
Agreed. If another income coming into your household actually worsens your financial situation, then you are just bad with money and were going to do bad anyway, married or not.
MizAvalon
Well-Known Member
Love this advice.
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