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how could getting married impact a person’s long-term budget? it might …

Question

how could getting married impact a person’s long-term budget?
it might automatically reduce monthly expenses.
it will likely have no impact on income or expenses.
it may eliminate personal debt.
it could increase both income and expenses.

Explanation:

Brief Explanations

When getting married, two incomes may combine (increasing income), but new expenses like shared living costs, family - related expenses can arise (increasing expenses). The first option is incorrect as expenses don't automatically reduce. The second is wrong as marriage does impact finances. The third is incorrect as marriage doesn't eliminate personal debt. So the correct option is the one stating it could increase both income and expenses.

Answer:

It could increase both income and expenses.