5 Saving Strategies for Funding Your Dream Wedding
You’re engaged and ready to start planning for the big day! The process is fun, but stress can easily creep in when trying to figure out how to pay for it (the average cost of a wedding is upwards of $30,000). Avoid feeling overwhelmed (and going into debt) with this roadmap for bringing your vision […]
You’re engaged and ready to start planning for the big day! The process is fun, but stress can easily creep in when trying to figure out how to pay for it (the average cost of a wedding is upwards of $30,000). Avoid feeling overwhelmed (and going into debt) with this roadmap for bringing your vision to life without compromising your financial health.
Kayla Barker Fine Art Photography
Prioritize your needs.
As a couple, work together to decide what are the needs and wants for the wedding. Then prioritize them. For some that might mean food and entertainment, for others it could be venue and decor. Consider your long-term goals as well. Do you want to own a home" Travel" Factor those items in when deciding how much to spend on your wedding says Jason Field, CPA at Anderson Tax (who is getting married later this year).
Set a budget.
Once you’ve figured out short and long-term goals, set a realistic budget and stick to it, says Kris Yamano, Vice President and Regional Leader of Wealth Planning for BMO Private Bank. How much should be saved depends on the anticipated cost of the wedding. Be realistic. A $30,000 wedding requires a monthly sa...
You’re engaged and ready to start planning for the big day! The process is fun, but stress can easily creep in when trying to figure out how to pay for it (the average cost of a wedding is upwards of $30,000). Avoid feeling overwhelmed (and going into debt) with this roadmap for bringing your vision to life without compromising your financial health.
Kayla Barker Fine Art Photography
Prioritize your needs.
As a couple, work together to decide what are the needs and wants for the wedding. Then prioritize them. For some that might mean food and entertainment, for others it could be venue and decor. Consider your long-term goals as well. Do you want to own a home" Travel" Factor those items in when deciding how much to spend on your wedding says Jason Field, CPA at Anderson Tax (who is getting married later this year).
Set a budget.
Once you’ve figured out short and long-term goals, set a realistic budget and stick to it, says Kris Yamano, Vice President and Regional Leader of Wealth Planning for BMO Private Bank. How much should be saved depends on the anticipated cost of the wedding. Be realistic. A $30,000 wedding requires a monthly sa...
| -------------------------------- |
|
|
