So, your man finally did it. He got down on one knee and popped the question you’ve been waiting for all your life. It feels as though your dreams are coming true. Until you realize how expensive weddings are. Add it all together, and you’re looking at a hefty amount. To get an accurate idea, head to sites like https://www.costofwedding.com/, and calculate the average wedding cost in your area. The chances are that you’ll soon start to scrimp and save. Before you know it, this isn’t the wedding you dreamt of at all.
In all honesty, your wedding will be amazing no matter how much you spend. But, if you can’t bear the thought of parting with your wedding fantasy, we’re here to save the day.
There’s no reason why you can’t splash the cash for the big event. And, here’s why: marriage saves you an immense deal of money. So, think of this as a long-term investment. You’ll make that money back and some during your long and prosperous marriage. Don’t believe us? Let’s look at some of the savings you stand to make.
Split Bills
Most obviously, marriage means everything’s split. Your money becomes your man’s, and vice versa. Hence, you no longer have to subsist from your pay packet. This is even better if you waited until after marriage to live together. Suddenly, your rent and bills will be half what they were. As such, you stand to have a lot more money at the end of the month. The same can be said for food shopping, though it’s worth bearing in mind that you will need extra food. But, you may find that you still slash the bills there, too. If you add up the extra money left in a year, there’s a good chance it would cover your wedding costs.
Joint Insurance Policies
You and your man will also be eligible for mutual insurance. The best part about this is that joint policies are often cheaper than single ones. So, you stand to save money here, too. This is most relevant when it comes to health insurance. We all need it, right? You could either get your man on your policy, or look out for something new using sites like healthinsurancequotes.co. In some cases, you’ll even be able to include him in your work scheme, or vice versa. Though, this isn’t always the case so make sure to check.
Filing Your Tax Return Together
You and your hubby can even file for your tax refund together from now on, which could well see one of your tax rates dropping. Find out more about this and other tax reductions for marriage on sites like www.irs.com. Bear in mind that this is only the case if one of you is earning in a lower tax bracket. The low earner could pull their spouse into the lower bracket, too. Then, it’s happy days. Less tax all round. Not to mention that it’s a lot easier doing things this way!