There are countless benefits to a solid and healthy marriage — the whole “through sickness and health” thing really is pretty great when you think about it. But those with financial stability or even those who can’t afford the slightest increase in monetary expenses might want to consider the sometimes negative correlations between marriage and money before getting hitched
Love is hardly logical, so most people don’t count the potential for financial fallout in their romantic decisions. You’re in for a tough ride if you say “I do” before reflecting on the big monetary changes that come with a holy union. In fact, when we take a look at these downsides, some would say it might be best not to get married at all. Here are the top financial reasons why it’s probably best never to get married.
1. The more expensive the ring, the shorter the marriage
Even in the beginning stages, it seems combining marriage and money is doomed. Those who receive expensive engagement rings also experience shorter marriages and higher divorce rates. On average, most Americans believe spending $2,000 on an engagement ring is sufficient. But researchers from Emory University found spouses who spent between $2,000 and $4,000 on engagement rings were 1.3 times more likely to divorce than those who spent $500 to $2,000.
Next: The wedding