6 Telltale Signs that You Aren’t Financially Ready to Get Married

Two of the most sought-after life goals are love and money. Research supports that married couples build more wealth over their lifetime compared to those who remain single. When two people decide to spend their lives together, it is important to get to know each other’s perspective as a robust financial team.

You can be 38 and still be unprepared to settle down. Or you can be in a six-year relationship with someone you are madly in love with, but you are not ready to get married.

Regardless of the age you plan to marry, discussing your financial goals as a couple is an essential part of the conversation on your shared life goals.

On that note, here are some telltale signs that you are not financially ready to settle down.


A wedding would not pay for itself, so you and your partner need to save up for it. You also need to financially prepare for your life after the wedding. Household and childcare expenses will increase over time. Expenses include tuition fees, medical expenses, home loans, retirement fund, and so on.

If you are not financially ready to get married, it’s best to put all the wedding plans on hold for the time being.


For most couples, investing in a home is one of the biggest purchases they have to make. It requires careful planning and countless discussions. You need to discuss your living situation as a couple, before getting married.

Are you buying a new or resale HDB flat? Are you financing your HDB flat with an HDB loan or bank loan? How much are you going to shell out from your savings in your CPF Ordinary Account?

Keep in mind that the more money you get from your CPF savings to finance your property, the less you may have for retirement in the future. Furthermore, you must be insured under the Home Protection Scheme (HPS) if you are using your CPF savings to pay for your monthly housing loan installments.


Many couples deal with unforeseen wedding expenses during wedding plans and on the day itself. If you notice that your wedding budget changes constantly, it could be a sign that you haven’t fully thought about what you can pay for.

Sit down with your partner to discuss your wedding budget and provide an ample buffer for unexpected fees. You do not need to actualize all the wedding ideas you have pinned in your Pinterest account. Instead, you need to be realistic when it comes to knowing what you want and what you can afford.


What happens when you return home from your honeymoon? Will you face rent payments, home loans, or student loans head-on? Think about how you will be able to manage the post-wedding expenses.

Not thinking about these post-wedding expenses or not saving up for your future can bring you stress during your first year/s as a married couple.


When it comes to finances, do you have problems in trusting your partner? Take it as a sign that you are not ready for marriage.

There may be a deep-rooted cause for your trust issues, but getting married will not resolve the problem. Help yourself overcome these issues first so you can truly have an open and trusting relationship with each other. You can seek professional help when necessary.


While you may end up sharing just about everything after getting married, your credit history and credit scores remain separate in the eyes of the financial institutions. However, this can affect your relationship significantly.

It is important to be transparent about your credit score and credit history before settling down. While you may sympathize with your partner’s unpleasant financial situation and offer to help, realize that you may be in for more challenges if outstanding debts begin to suffocate your finances.

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If you see beaming red flags that you are not ready for marriage, then do not get married. Getting married is more than just signing a piece of paper. It’s a life-changing event that you must prepare for physically, mentally, and financially.

Before settling down, you need to plan all aspects of your life including your finances. Drastic changes in your finances will happen from the day you get married. You will need to make a lot of financial decisions together, so learn how to compromise and work as a team.

Sources: 1,2,3,4,& 5


Financial Challenges of Wedding Preparation and How to Overcome Them

Weddings are notoriously known for being expensive and stressful.

Be prepared to plan for a year for an event that will happen instantly in a day. The possible options are overwhelming! Not to mention, countless wedding vendors are vying for your attention. You might want to brace yourself, because the average cost of a wedding in Singapore ranges between S$22,200 and S$52,800.

During the process of wedding planning, engaged couples often make financial mistakes that affect their future. Here’s how you can avoid these common financial challenges.


Failure to discuss your financial boundaries can affect your other wedding decisions. The decision to unite as a family isn’t merely about spending the rest of your lives with your true love. It is also about the practical areas of building a future. You need to either rent a flat or buy a flat. Do you plan to have a baby in the next five years? Do you want to travel to Europe for your honeymoon?

It is important for couples to discuss the specifics and mutually agree on a financial plan. Know which funds are “ours”, “yours”, and “mine”. Decide which expenses should be paid for by the “ours” bucket (e.g., venue rental) and which part should come out from your “mine” bucket (e.g., wedding gift to your partner).


Let’s face it – weddings are a lucrative business! The contracts you have with the suppliers are binding. So, don’t simply sign on the dotted line without asking questions. Studying the contract will enable you to bargain strategically. For instance, you can remove unnecessary inclusions such as upgraded linens for VIP guests.

Some contracts leave you financially responsible for empty rooms and chairs that you reserved for the event. This added expense can create a hole in your pocket. Be sure to read the contracts thoroughly.


It’s easy to get into the mindset of having to invite everyone from your secondary school friends to your second cousin whom you have not seen in a decade, but having a huge guest list may turn out to be a big financial mistake. As uncomfortable a conversation may be, you must decide together to only extend an invite to those people who you really want to be at your wedding.

Set clear rules about your guest list such as “no kids” or “no plus ones”. With fewer people, you will be able to maximize your wedding budget and assign your funds to more key areas including catering and venue rental. Best of all? You will only be celebrating this special occasion with the ones closest to you.


You have booked and paid for the flowers, venue, photographer, and catering. Everything on your list is accomplished and small details have been polished. However, unexpected expenses can come on the day itself. While paying for an extra person might not break the bank, before you know it, you receive a bill that you did not foresee. Thus, it is important to create some wiggle room and be ready for unexpected expenses.


Common wedding expenses that you must prepare for include

a. ROM and solemnisation fees,
b. Venue rental and banquet,
c. Photographer and videographer, as well as
d. Wedding party entertainment.

Many engaged couples splurge on their wedding because of this mindset – you only get married once. Coming from someone who has recently had her civil marriage ceremony, I am now planning to have our Church wedding ceremony. Sometimes, you do not get married once. Moreover, going into debt to wed is never the right foot to start your marriage on.

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Having a realistic wedding budget can help you stay within your limits. Have a firm idea of how much money is available for your wedding. Then, create a wish list of the things that you would like to have. Prioritize your list while taking your current financial situation into consideration. There are no wrong or right priorities, just preferences to complete your special day!

Sources: 1 & 2