If you get married early, will you really save money?

 I've been dating for about 3 years, and I've been married for about 4 and a half years, and I'm already a father of two.

Before I got married, I occasionally heard from my seniors that "If you get married early, you'll save money."

At the time, it sounded vague, but after getting married and raising my children, I realized that there were some things that made me think, "Oh, that's why they said that."

I'd like to share two reasons why getting married early can be financially helpful, based on my own experience and concerns.


1. Efficiency in living expenses: Reducing living/dating expenses


Thinking back to when I was dating, I realized that if I went on a date to see a movie, eat a meal, go to a cafe, or go somewhere, I would spend 100,000 won in an instant.

However, after getting married and having a 'house of our own', this cost definitely decreased.

Not only do you have the pleasure of shopping and cooking together instead of eating out, you also save money on eating out.

If you have a coffee machine at home, you can save even on the price of a 5,000 won cup of cafe coffee.

Watching OTT together on a comfortable sofa instead of going to the movie theater, receiving discounts by combining various services such as telecommunications/TV/internet as a family unit, etc., there are more savings than you think by doing things 'together'.

Furthermore, living expenses themselves become more efficient beyond simply reducing dating costs.

Combining the monthly rent, management fees, and utility bills that each person used to pay while living in a studio apartment reduces the total amount, and you can naturally save money by buying groceries in bulk.

Of course, spending more time at home together does not necessarily mean saving money.

It is essential to develop wise spending habits that fit each person's financial situation (e.g., if your income is low, reduce eating out or ordering delivery food and make an effort to cook for yourself) and reduce unnecessary rentals or fixed expenses.

It is important for couples to share a household account and find areas to reduce.


2. Setting common goals and accelerating asset formation: Designing the future by running together


Marriage provides a powerful motivation of 'togetherness'.

Especially when you have a clear common goal such as 'buying a house', it becomes much easier to save and save money than when you are alone.

It's similar to how you can exercise more consistently with a partner than when you exercise alone.

More important is the speed of asset formation.

Getting married early means combining your income and resources more quickly, securing 'time' for investment.

For example, if you take out a loan together to buy a house, the value of money tends to decline over time due to inflation, but real assets such as real estate in a good location are likely to increase in value in the long term.

The earlier you start, the more opportunities you have to enjoy the power of time and compound interest for a long time.

Of course, real estate investment is not always successful and requires a careful approach.

The process of paying off your loans together, building your assets, and making specific plans for moving to a better place in the future gives you a sense of financial stability.

You share the burden of having to take responsibility for everything on your own, and you can plan for a more stable future.

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