Financially speaking is it worth proposing today? Photograph: David Sillitoe
It's February 29 - the day when we ladies are allowed to get down on one knee and "pop the question". No one seems to know exactly why we are granted this once-in-four-years opportunity to propose, but never mind that - let's focus on what happens if you actually take it. From a financial perspective, that is.
If your intended says no it might not be entirely bad news. According to some reports you could be in line for £100 or even a new gown to cover your broken heart.
If it's a positive answer, then first up there's a ring to pay for. It is often said that a man should spend around two months' salary on an engagement ring. The etiquette doesn't seem very clear if it's a woman proposing to a man, but while you could reasonably escape buying a ring if he's not a jewellery person, if you want one yourself you can hardly expect him to pick up the bill.
Then there's the day itself. Last time we checked, the average cost of the big day had topped £21,000, and it's probably gone up since then - especially for those who get sucked into "competitive wedding syndrome".
Obviously you can cut costs - the legal bits come in at less than £200 so it doesn't have to be a huge financial outlay. But once you start using the W-word with caterers, venues and suppliers, your budget can quickly go out of the window.
Assuming that it doesn't, and the day itself doesn't see you launch your new life together saddled with debt, will you be better off once you are wed? Well you could cut down on your tax bill and increase your pension.
Apparently, this is the reason why many long-term couples decide to get hitched. Although some of the tax breaks that used to be available for married partners have now gone, the state still offers some financial incentives to those who go through an official ceremony.
But what about everything else? Will you earn more or save more if you have a ring on your finger. There seems to be lots of research showing that married couples are healthier and live longer lives than those who choose not to tie the knot, but much less about whether or not they are wealthier. So tell us about your experiences - did your financial position change after you tied the knot - for better or for worse?
