Marriage Can be a Bad Investment

Although marriage is a time honored tradition in our society, it can be looked upon as a potentially bad investment for individuals. By getting married, you could be losing money in a lot of different areas of your financial life. Here are a few things to consider about how marriage can be a bad investment for you.

Wedding Cost

For many people, having a beautiful wedding is something that they have dreamed about since they were little kids. Although it can be a very enjoyable experience, it usually comes with a large price tag as well. With all of the costs that are associated with traditional weddings, it is no wonder that many people are choosing to elope these days. 

First of all, you will have to find a venue to host the wedding in. This means that you are going to have to pay a rental fee for the venue. Then you will have to pay for a caterer for the reception dinner. You will also have to pay for a plethora of flower arrangements all over the wedding venue. By the time you pay for the wedding cake, wedding favors, limo rental, the cost of the dress and tux, and all of the other potential expenses, you are looking at a lot of money. According to recent data, the average cost for a traditional wedding is now almost $20,000. For individuals that have high incomes, it is not uncommon to spend over $100,000 on a wedding. This is a huge sum of money for an event that is only going to last for a few hours.

Opportunity Cost

In return for this huge investment, you are going to get a nice party for you and your friends. However, you are going to be giving up so much more in opportunity. Imagine what you could do with $20,000 if you were to invest it. If you chose a solid investment, you could potentially be bringing in a lot of money.


Many people do not even have the money that it takes to pay for the wedding themselves. Instead, they borrow the money or put it on credit cards. This gets you in a huge hole right from the beginning of your marriage, which can put a strain on the relationship down the road.

Tax Penalty

Depending on your income situation, you might be subject to a tax penalty when you get married. Although this tax penalty was more a problem prior to tax law changes in 2003, it is still a problem for many married couples today.

Although there is not a specific penalty that the IRS charges you for being married, you might have to pay more money in taxes as a result of getting married. Depending on what tax bracket you are in, you might actually be paying more money by filing your taxes as a married couple than you would have paid if you are both single.

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