Staying Married Can Save You Money
Posted on
November 5th, 2008 by
admin
There are many reasons that people decide not to stay married and get divorced. Many of these reasons are valid. In cases of abusive spouses, cheating spouses, and so many more reasons, divorce may be the only answer. However, on the other hand, if there are some issues in your marriage that are not horrible, and can possibly be resolved, it is financially smart to try to stay married.
When it comes to paying taxes, for example, two people can possibly live cheaper than one. There are allowances or deductions available for married couples that single people are not eligible to receive. You may find that your refunds may be a little more than if you were single. However, this isn’t the only reason that staying married makes sense financially.
As far too many people can attest to, divorce is expensive. If there are children involved, as well as a lot of joint property, it gets even more expensive. Unless a divorcing couple can manage an amicable parting of the ways, one or both partners will come close to financial ruin. Divorce seems to bring out the worst in people and this can be fought out in the courts. The only ones profiting from couples who split up are their attorneys. Child support, spousal support, the selling of property and many more things come into play that are going to deplete the bank account.
When a divorce takes place, you now have a single mother and a single father. Many times, the parents who have been ordered to pay support slack on this. The income is no longer two working together. It is a struggle of suddenly trying to make it on one person’s paycheck. With today’s economy, this can be next to impossible for people trying to make it on minimum wage jobs.
A married couple work together to make enough money to pay the rent or mortgage, electricity, water, gas and phone bills. This can be difficult with both of them trying. For a suddenly single person, it can be very hard. A divorce is very emotionally draining for a couple, and any children that may be involved. It will also be just as draining financially.
Therefore, if you have any chance of making your marriage work, it is always best to exhaust all efforts to keep it together. Otherwise, you could find yourself struggling from day to day and worrying about where rent money or food money will come from. It’s definitely cheaper to try to stay married than to leave.
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