Marketing Monthly | June 2017: Marriage & Money
In this issue:
- Marriage and Life Insurance: 13 Things You Need to Know after You Say “I Do”
- Getting married
- Money and Marriage: How Getting Married Changes Your Finances
- Want to save money (and your marriage)? Ditch the expensive wedding
Marriage and Life Insurance: 13 Things You Need to Know after You Say “I Do”
There are many articles about life insurance in general, but very few insights about what exactly you need to consider during the most important moments of your life. Today we show you what happens to your life and health insurance after you say “I do”.
When it comes to insurance, tying the knot gives rise to savings opportunities as well as several things you need to consider. We asked licensed, experienced life insurance broker Tamara Humphries for her opinion and tips.
Getting married
Getting married may be one of the most exciting times of your life. It’s a good time to consider long-term goals such as buying a home, and you may also have questions about shorter-term needs, such as paying for the wedding, or investing cash you may receive as wedding gifts. Here are some practical things you may want to consider as you start your new life as a couple.
Money and Marriage: How Getting Married Changes Your Finances
It’s not just the cost of the wedding, or the cards filled with cash and checks that pile up at the reception. The legal act of getting married, as opposed to just living together, can have some immediate impacts on your financial situation. For better or for worse. Here are a couple of financial questions you’ll be facing after the altar…
Want to save money (and your marriage)? Ditch the expensive wedding
A growing trend for millennials these days is weddings. And, they aren’t just any type of wedding. Thanks to Pinterest and the like, weddings have become a big, overdone process where couples spend thousands of dollars just to say “I do.”
As a general rule, millennials are facing serious debt. This isn’t just an estimate – it is a well-documented fact. In fact, the average millennial will carry about $29,400 in student debts alone – which is just a little over $1,000 more than the average wedding budget. Based on that fact alone, and the fact that millennials are starting their adult lives in significant debt, it is reason enough for newly engaged couples to ditch the expensive wedding.
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