Getting_married_-_is_it_expensive_ by paydot888

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									Getting married - is it expensive?

Word Count:
411

Summary:
Getting married can change your finances for the better or for the worse.


Keywords:
getting married


Article Body:
Getting married can change your finances for the better or for the worse.

If you're going to get married, the last thing that you want to think
about is the potential for divorce. However, when it comes to personal
finance, getting married is a major step that can have good - or
disastrous - consequences, depending on how it is handled. Divorces are
usually very difficult for all parties involved. Therefore, you should
try to make sure that you know exactly who will get what before you
marry. That way, if you ever do go through a divorce, there is already a
pre-existing agreement to fall back on, and the divorce proceedings can
be finished as quickly as possible.

Before you get married (though this does not need to be used as a
determination of whether or not you should marry) you should sit down and
go through all of your personal finances. You need to find out how much
money you currently have, compare the living expenses that you will have
as a couple, and determine what your combined income will be.

After you have determined what you will have after you get married, you
should also think about what you and your future spouse will want to have
later on. For instance, if you're planning on having children, this
should be factored into your financial plans - since you need a lot of
money in order to make sure that you will have enough to raise your
child.

It's not necessary that you have a signed prenuptial agreement in most
cases, though you might want to if you want to be completely safe.
However, talking things over before you get married will help you know
what to expect if things don't work out, and will give your finances some
direction.

Other decisions that you should make include whether or not you will have
a joint bank account. This will have to do with how well you trust and
know your future spouse. While it is traditional to share a bank
account, most couples find it easier to keep separate bank accounts, or
to have separate bank accounts and a smaller, shared account for home
expenses.
No matter what you decide, it's important to realize that getting married
will have a major effect on your personal finances. Therefore, you
should always make sure that you have a good idea of what will happen
before you tie the knot.

								
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