Are There Financial Benefits to Marriage?

First comes love and then comes marriage, right? The idea of marrying for love is relatively new, despite what pop culture might have you believe.

When it comes right down to it, getting married forms a legal contract. As such, there are financial pros and cons to marriage worth considering before you walk down the aisle.

The Financial Pros of Marriage

When you tie the knot, it isn’t just about saying “I do” in a seaside ceremony or dancing the Funky Chicken with 100 of your closest friends and family.

Often, we focus so much on the personal, emotional, familial, and even religious aspects of saying “I do”, we forget about the financial side.

Once you’re officially married in the state’s eyes, there are many financial advantages you and your spouse may get to enjoy.

1. Health Insurance Benefits

If both spouses have health care offerings through their workplaces, you can shop around to see which spouse’s benefits are best.

Of course, you might find that carrying separate insurance also makes sense, depending on how your workplace benefits are set up.

Another benefit of marriage regarding employee benefits is that you may be able to…