- 7 years ago
- Wedding: November 2013
@rararachael: Welcome to the hive dear!
I read your original post and following updates, and you posed a very valid question as to what the hold-up is for your SO if the ring and wedding are already covered.
I posted this on another Waiting thread where the OP was wondering what the hold-up was with her SO, and the SO said, “Money.” This was my response:
However, look at it this way: When you get married, you no longer think about just yourself long-term. You are thinking for two (and three and four when/if the kids come). Why is it important to be financially stable before marriage? Here are some reasons:
1) Job loss – When you are married, and your spouse loses his/her job, you will probably need to cover for both of you $$$wise until the spouse finds something else (and in many cases, they may be stuck with something lower-paying). Same goes for you if you lose your job. The spouse will cover for you until you find another one.
2) Health issues – Heaven forbid, if your spouse gets sick, those medical bills will impact both of you. If you get sick – heaven forbid – those medical bills will hit your spouse.
3) Kids – It costs thousands a year to raise a child. Thousands. There is a reason that there is a stereotype of parents always being frazzled and broke – b/c kids are a time suck and a money suck.
4) Financial security usually leads to creditworthiness – When you get married, I am assuming that you will be making some big joint purchases (house, maybe car(s)). Your spouse’s credit rating will affect you, and your credit rating will affect your spouse. Maybe your SO isn’t happy with his credit rating/what he can bring to the table at the moment, hence the extended timeline.
5) Life in general. Crap happens. However, what your spouse owes, you owe and vice versa. This is why it’s essential that you be prepared.
I’m not even married, and I was able to get these reasons. I’m sure there are many more reasons if married/engaged bees want to chime in.