Tuesday, December 16, 2008

Saving on Good Counsel

I often tell couples that they can save the largest amount of money for their marriage if they get good premarital counseling. Most couples wonder how this could possibly be true.

But considering the the divorce rate is still hovering around 50%, and considering that divorce is a very costly decision economically, getting good counsel before marriage is always a money-saving venture. Good counsel can help couples plan their future together, set a budget, save for the future, and steer clear of financially-disastrous habits (such as spending more than they make in income or living on credit).

Financial instability and financial stress is still the number one reason for divorce. If couples find themselves falling behind on a mortgage, a car payment, or they are overwhelmed with debt, the marriage of most is going to suffer big time. Financial stresses are almost always the beginning point of marital discord and breakup.

So . . . spend a little more for great counsel before you get marriage, and reap the rewards of saving more and spending less later. Your marriage will thank you.

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