When to Get a Pre-Nup
Your lawyer will probably tell you to get a pre-nup, citing the data: 40% of marriages in the U.S. end in divorce. However, only 11% of people getting married think it will be them. Play the odds, not the emotions. Divorces with pre-nups are a lot less nasty than those without. Get one! Even Suze Orman agrees. Your counselor will probably tell you to stay far, far away from a pre-nup. He or she will likely cite the same data as your lawyer, but say that starting your marriage...
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Tuxes and Suits
The Man Registry: Newlyweds Money Questions
About The Man Registry Finances are an area of stress for many newly married couples. We encourage every bride and groom to properly research and openly discuss personal finances BEFORE the wedding day. The only way to plan for financial happiness and freedom is to talk with your fiancé/spouse. Here’s a starter guide on three common financial questions: Should we combine our finances after getting married? Not every couple combines their finances after getting married, but our...
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Tuxes and Suits
Question of the Week: Are You Ready for Tax Day?
Thursday is tax day, if you're looking for ways to stall finishing your returns, think about these questions: Has getting engaged changed the way you think about money? Are you being more responsible and thinking about saving for the future more? Do you feel ready to be in charge of your financial future? Or would you rather forget about that part of getting married? Have you and your guy talked about how you'll handle finances? One account or two? One person in charge of bills or...
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Your Money or Your Wedding?
The New York Times blog “Your Money”ran an interesting article on Monday. A recent survey asked brides whether they would rather have the money or the wedding. What’s fascinating about the article to me though is the comments section. Usually we here in wedding world only hear from others in wedding world. Check out the comments and get a different point of view. What do you think?
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Does Being Married Make You Richer?
Happy Monday! There was an interesting article in Time last week about the financial benefits of marriage. You’ve probably heard the saying “two can live as cheaply as one.” That’s still true, but apparently it’s no longer true that married people are a lot better off than single people. There are a lot of statistics, which I won’t quote, because frankly, they confuse me, but it used to be that married people were able to retain more money than single people. That’s...
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New Wedding Gift Registry Ideas
In 1924 Marshall Field’s department store in Chicago introduced the idea of a wedding gift registry, where brides could indicate their preferred china and silver patterns. The idea took off and couples began thinking of their ability to choose their own wedding gifts as a time-honored right. In 1993, Target introduced the idea of self-service gift registry, and people suddenly began registering for items well outside the traditional plates and towels. Today, you’ll often hear...
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How Do I Love Thee… Let Me Count The Ways (To Have the Money Talk)
Special feature by Dr. Taffy Wagner, creator of Money Talk Before The Commitment Walk and Debt Stops At The Altar Let’s have some fun this month and give you some ideas when it comes to romance and finance: Phase 1 I Love Thee Enough To: •Be honest about my finances and not hide them from you. •Know that when I tell you about my finances, you will not leave me. •Have the discussion about who should manage our household finances. •Refuse to let the fear of talking...
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The Man Registry: Newlyweds Financial Questions
About The Man Registry Statistics say that the number one reason that marriages go downhill is money matters. Unfortunately, we’ve all probably seen this happen to a couple we know. The worst part about it is that it doesn’t have to be this way. Any financial planner in the world will tell you that most, if not all, arguments about money could be avoided if couples talked about financial matters before marriage. Here are three key conversations to have before you say “I...
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