A jilted bride is suing her ex-beau who dumped her days before the wedding, leaving her standing at the altar holding a bill for nearly $100,000 in wedding expenses. [More]
What kind of lies about money would cause you to end a romantic relationship? What is more important–debt or money problems themselves, or if your significant other lies about them? As young Americans begin their adult lives with unprecedented amounts of student loan debt, it’s important to confront debt and be honest with oneself and before pursuing a serious relationship. Just ask the California woman whose fiancÃ© broke their engagement after learning that her student loan debts were significantly higher than she had previously disclosed. [More]
You already have home insurance, car insurance, life insurance, and maybe even health insurance—why not insure your marriage, too? For around $16 per month, a North Carolina company called SafeGuard sells “units of protection” that could be worth $1,250 if your marriage implodes in divorce. The company claims that it wants to help defray the costs associated with legal fees and finding a new home, but the insurance, called WedLock, comes with plenty of catches. [More]
Putting on a wedding is a lot like putting on a show. A very expensive stressful show that’s for one night only. [More]
You already know that it’s not healthy to fight about money all the time, but it might be a bigger risk factor for divorce than you think. A 2009 University of Virginia study found that couples who argue about finances every a week are 30% more likely to divorce than those who argue less frequently. In addition, a couple that marries with no assets are 70% more likely to divorce in three years than a couple bringing $10k in assets into the union. [More]
Deb tells Consumerist that she did the proper thing after her divorce: months ago, she brought a copy of the divorce decree to her local Bank of America branch so they could remove her ex-husband from the account. The branch manager declared the situation taken care of, which is why Deb was horrified to learn last week that her ex’s name had never been removed from the account, and he had transferred its contents–all of her money–into his own account. Yep, the branch manager made a mistake, and no one at BoA will admit that it was their mistake. [More]
Liz Davidson at Forbes has an article about ways you and your spouse can fine-tune spending and investment patterns so that your marriage isn’t a financial drain. It’s easy enough to compare financial health before marriage (although lots of couples don’t do it, she notes), but even if your net income increases, your net worth could flatline or drop:
You might be doing well with your expenses as a married couple but making poor investment decisions, causing your financial situation to worsen even though your day-to-day money management has improved. [More]
Marketers had a message for the housewives of the 1950s: they weren’t doing a good enough job at home. Their husbands had to resort to going elsewhere for it. Why, even the girls at the office could do it much better.
Before you tie your destiny and your credit rating to the person you love, there are some decidedly un-romantic conversations that you need to have in order to prevent discord and catastrophe later in life.
A reader wants to know whether or not he’s going to be held responsible for his fiancée’s old, bad debt now that they’re getting married. Because we went to Google Lawyer University just now, we’re happy to try to help.
At first glance, an awful economy would seem to be bad for marriages, since money squabbles would presumably lead to more fights. But divorce filings are down 50 percent nationally according to an Associated Press story.
Sources around the country say that the divorce rate is down nationwide, though it’s usually higher during economic recessions. One theory as to why: the economy is bad, but people are marrying later and cohabiting more frequently than past generations.
Life is full of surprises and challenges. Luckily, there’s a tax form for just about all of them. Via Kiplinger’s, here’s 14 major life events that allow for smart tax-saving moves, and how to make those moves.
Unless Filene’s Basement can renegotiate its rents, they’re set to close 11 of their 36 stores by February’s end. 3 of their stores in MD, one in NJ, NY, and VA, 2 in IL and PA, and one in MA, are on death row. If you’re a bride-to-be in one of the affected areas, guess you’ll have to travel out-of-state if you want to take advantage of one of their famous “Running of the Brides” sales, where hordes of women descend in teams to try on and buy wedding dresses marked down from the thousands of dollars to the hundreds.
WooHoo! I got a job! Right out of college and everything. With an awesome sign-on bonus! Now what am I supposed to do with all this money? I know I have options. Stock Market (HA!), bank, and under my pillow. I would put it in the bank but I have a wedding coming up in less then a year to pay for and I want to know my options for making good quick investments. Please help!
Though the average cost of a wedding is up for debate — “experts” report different numbers, though most agree it’s between $25,000 to $30,000 — the fact is that an average wedding in America can be pretty darned expensive. And while you can take steps to save a bit here and there, there is one area that you’ll need to focus on if you want to save big bucks: the reception.
Blowing $100,000 on a wedding is still in season, and there’s no better way to show up your over-spending friends than by throwing a lavish affair without bankrupting your parents. Inside, seven tips to have a lovely and affordable wedding.