10 Ways You Can Save More Money After Getting Married

Couples who have spent thousands on marriage are going to be happy to listen to there’s some relief afterward.

Couple with one dollar


The Atlantic calculated that marriage saves anywhere from $480,000 to over $1 million over a lifetime after comparing the finances of theoretical single women with their married counterparts.

A range of savings accrues to married couples, from discounts to taxes.

Insurance rates.

Premiums for a few styles of insurance are determined partly supported by legal status. Statistics show they get in fewer accidents, so auto insurance generally is cheaper for married men than single men. The insurance of renters or homeowners could also be cheaper for couples who move from two homes to 1, then split the value, and insurance premiums can even drop after marriage.

Multiple policies.

Many insurers offer multi-line discounts to those that buy over one policy. Couples can switch a number of their policies to the identical one or two insurers to require an advantage. people who already use an identical insurer should call an agent to possess the discount applied.


The couple will now take their pick of the simplest offerings from each employer If both partners receive benefits through work. One may provide better or less costly insurance plans. And one employer might offer a less common benefit, like a dependent-care plan that permits payment for services like daycare, preschool, and after-school programs with pretax money.

Joint tax returns.

Married couples have the choice to file a joint return, which may cause big savings. there’s no guarantee, though, and it is often difficult to work out without professional help. What must be factored in are deductions, capital gains and dividends, unearned income, and partners’ individual incomes.

Bulk purchases.

Although couples who move in together after marriage can take full advantage of bulk purchases, a Costco membership still may well be worthwhile for single people. Sharing food and household goods like tissue paper can result in big savings. Plus, chores will be shared, saving each partner time.

Split bills.

Just as sharing the price of food and household goods saves everybody money, splitting bills may be a basic thanks to saving. everybody pays just 1/2 the electricity, cable, and other household bills. A joint account is often created for payment. Another thing you can try is the Easy DIY Power Plan to save on electricity as a married couple.


ALSO READ: Building A Home Could Be Risky For Couples


College tuition.

The NY Times has reported on a stimulating phenomenon: college students marrying to save lots of on tuition. this is often because students must meet several requirements, including proof of economic independence, to qualify for lower in-state tuition.

Marriage can establish independence quickly, as long as parents don’t still claim their children as dependents. Resulting in saving thousands of dollars, in-state tuition at universities in California are given to several out-of-state students after marrying.

Survivor benefits.

“Till death does one part” is commonly heard in marriage vows, but social insurance benefits persist providing for surviving partners after the opposite dies. The benefit, paid monthly, depends on the number the deceased partner would receive and also the age of the surviving spouse.

Careful calculation is required when and if a survivor should take the benefit. Waiting until a later age can increase the monthly payment, but sometimes it is best for widows and widowers to assert the survivor benefit early and their own benefit later.

Estate taxes.

Just as the survivor benefit helps surviving partners, there are death tax laws that favor married couples after one partner dies. There is a potentially huge saving when federal law allows an estate to be left to a spouse tax-free.

IRA contributions.

Investing for retirement in tax-advantaged accounts like IRAs can result in many thousands in savings over a lifetime. What generally cannot contribute to an IRA are people without earned income. One exception: a spouse’s behalf can contribute to married people.