Marriage Does Not Have To Wait For Money
As a man, when I think about marriage I ask myself: When can I afford it? I understand that the formula for eligible bachelors weighs income and wealth very heavily. Recently, an article on The Atlantic entitled “All the Single Ladies” reinforced this notion, with its many implications that men who are not doing well financially are unworthy of marriage.
“All the Single Ladies” makes clear the idea that because women can now earn as much as men, the relative financial impact of a man’s income in a marriage is much smaller than it was 20 or more years ago. In addition, we all face the reality that many of us who have high earnings (men and women) have a lot of debt with it, and therefore much less cash for weddings, honeymoons, engagement rings, and even residential homes.
So when can a man afford marriage? I have come up with two scenarios that can help answer this question. In my view, there are two financial strategies for marriage, and both of them can work for just about anyone. Read more…