... that is wonderful, but what about richer? GMA, ...financial contributor Mellody Hobson, the president of Ariel Capital Management is here to tell us about this .

All right, what is the~ what's the magic in here? it's not just two people coming together and pooling resources.

No, it's not just that, it's not just situations where there are 2 incomes. It actually is about the other pre-person, often keeping you honest. They, you maybe have a different saving style than you do and they actually keep you on tracks (so it's), when it comes to money.

A lot about savings and~and setting priorities and one person is more likely, one person alone is more likely expend it.

That's exactly right, one person doesn't have that same discipline , as someone else telling you, you know, we really shouldn't do this.

And children make that difference to them.

Huge difference,having another person depend on you financially, either a spouse or a child, really makes you responsible when it become~when it comes to money.

So what does a single person do to catch up?

Well, it's interesting , one of my favorite quotes that I have of all time is from Judy Collins and she says, as women, we are raised to have rescue fantasies and I am here to tell you, no one is coming. There're 54 million single women in this country like me and oftentimes we delay saving or investing, because we think someone will come and my, ~my tip~to them, " start now, don't wait ".

Go ahead and be your own friend.

That's exactly right, (Love yourself. )love yourself. That's exactly.

Love yourself and starts saving the money. I wonder, just though ur there's a statistic that interests me. On the average people are getting married 5 years later now than they used to , women at the age of 25, men at the age of 27. Does that mean that this marriage benefit is gonna go down a little bit, (well)does it matter that you marry later or earlier?

Getting married, married later absolutely affects your finances for the reasons I've already mentioned since we delay saving or investing for that husband or wife though come along. They'll keep us honest and doing the right thing. We end up not only not putting away that money , but missing those 5 years of that money compounding which leaves us~leaves us less well off.

Well, who knew that you're not just marrying for love, you're marrying your conscience, (That's true. )sometimes, anyway.