Underrated in America: Being single
But pairing up also has its disadvantages, especially when it comes to money. Here are a few:
- It's a well-known fact that issues over money are one of the leading causes of divorce. By staying single, you will never have to argue about financial priorities -- you can live frugally and save every dime you earn without having to worry about a spendthrift spouse blowing your money on designer clothing or a plasma television.
- The tax issues: sometimes being married will save you money and sometimes it won't. It may also affect your ability to contribute to a ROTH IRA.
- You and your spouse share liabilities: if your husband runs into trouble with the IRS or creditors, it can affect your credit and your home could end up with a lien on it. If your spouse has financial problems, they will become your problems.