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Man Must Pay $150,000 For Breaking Engagement "Contract"
Breaking up is rarely uncomplicated, but the stakes rise considerably when one person in the relationship has made financial sacrifices for the other. Rosemary Shell took a substantial pay-cut when she moved from Florida to Georgia to be with her then fiancé Wayne Gibbs. She earned $81,000 a year, plus a 15 percent bonus at her previous job and her new position in Georgia paid only $31,000 a year.
Your Two Cents: Is Any of Your Jewelry Insured?
Insurance is available for most things that are valuable to us like health, homes, and vehicles, and it makes sense that you may consider protecting your jewelry. You can purchase additional insurance for jewelry as a rider through your current provider or through an insurer recommended to you by the appraiser. After your jewelry has been appraised you simply select the type, or how much coverage, you'd like for it.
Ask Savvy: Should Engagement Announcements Include School and Work Details?
Dear Savvy,
I am looking ahead to engagement announcements in newspapers for my upcoming wedding. Is it necessary to list where both the bride and groom went to college and subsequently what each does for a living? I do not mind, but my soon-to-be fiancé says he doesn't want his place of work in the article.
Maxed Out: Clean Slate Wedding
This episode of Maxed Out features Tabetha and Greg, a couple in their mid-twenties planning to get married in exactly 14 months. The only problem is that the two of them together equal one big financial mess. Tabetha has a growing pile of debt that is currently at $34,000 on top of her mortgage, while Greg can't offer any advice because he knows absolutely nothing about managing money.
Your Two Cents: How Do You Feel About Prenups?
Prenuptial agreements among Hollywood's couples awaiting the walk down the aisle generally don't cause much of a stir, but when it comes to engaged couples who aren't among the rich and famous prenups seem to have a thicker haze surrounding them. Those asked to sign tend to think their loved ones are asking them to put a value on themselves, and what's more, they're calling the future of the marriage into question. Some are more sensitive than others though, as there are some among the newly engaged who think a prenup is sensible with such high divorce rates as a reality.
What Do You Think of This Wedding Fund-Raising Tradition?
In the US, pre-wedding events can include an engagement party, a bridal shower, bachelorette and bachelor parties, and a rehearsal dinner. But engaged couples in Manitoba, Canada have one tradition that's unique to their community: Socials are pre-wedding parties thrown by engaged couples hoping to raise thousands of dollars for their weddings. These types of parties are held in other parts of Canada, too, but Manitoba considers the tradition to be a rite of passage.
Don't Let Your Wedding Budget Get You Down
The vendors at the New York magazine Weddings Showcase in Manhattan said their businesses are in full bloom as wedding season inches nearer. While many brides are busy toning up for their stroll down the aisle, there's no sign of them toning down their budgets in the midst of the poor credit and housing markets. As one planner pointed out, people will still get married during recessions.
Would You Be Offended If Asked About Your Wedding Costs?
Much of your busy engagement revolves around finding vendors and securing each of their services with a deposit, representing a percentage of the total cost. Your upcoming wedding is likely a source of small talk when you're sharing an elevator ride with a coworker, and surely you share the status of how your wedding is coming along and the corresponding details with close friends. So how have you responded or how would you respond to questions about specific wedding vendor costs, the price tag on your dress, or about the overall cost of your wedding?
Talking About Money As an Engaged Couple
For many couples, handling a wedding budget is the first big money conversation of the relationship. Sure, a lot of couples live together pre-engagement and have household expenses to pay, but there's a big difference between splitting the cable bill and considering both yours and his priorities in terms of shared money. He wants to arrive in the stretch Hummer with his boys, but you want the wedding day Jimmy Choos and your wedding budget can't handle both — these are just smaller versions of what you'll have to tackle together financially in the near future.
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