3 ms·
Don't get married and don't have kids. Yes, there may be emotional benefits etc, but financially it's a bad move. Even if you want kids, you're often better off
by giantg2 2y ago
Don't get married and don't have kids. Yes, there may be emotional benefits etc, but financially it's a bad move. Even if you want kids, you're often better off living together but staying unmarried from a financial perspective in most cases. Some tax provisions are easier to claim independently rhan as a couple, and you can shift around who claims the kids based on who would benefit most from the tax breaks. If you don't get married, you're more likely to be equal partners financially and you carry no risk of alimony.
- rabidonrails 2y agoThis is kind of like saying "only eat rice and beans. Even if you want to eat steak, just eat spam cause it's cheaper." Marriage and/or starting a family is a decision that you'll make outside of finance. If you're making it solely based on financial reasons then you're doing it wrong.
- giantg2 2y agoOn a per ounce basis, spam is likely more expensive. "Marriage and/or starting a family is a decision that you'll make outside of finance." It should absolutely include financial planning. "If you're making it solely based on financial reasons then you're doing it wrong." I'm not saying to make the decision solely on finances - I certainly didn't. But they asked for advice relating to finance. Even if we are factoring in other issues, there's generally little reason to get married. Most things you can do as a married couple, you can do as an unmarried couple. You save on the typical expensive wedding, you're more likely to be financial partners, there no risk of alimony, and there's potential tax benefits.