Ask The Experts: 5 Essential Financial Tips Every Couple Should Know Before Planning Their Wedding
When two hearts decide to beat as one, the wedding bells start ringing – and so does the cash register. The average wedding in the United States costs a little over $28,000, so you can?t say weddings are not a serious investment.
Since finances can be a dividing subject in a marriage, it?s best to start with your right foot forward and open discussions right after the proposal. With emotions running high and Pinterest boards brimming with ideas, it?s all too easy for expenses to spiral.
This is where strategic money management comes into play. In this article, we?ll provide several financial tips designed to help you navigate wedding costs without side-lining your everyday finances or saddling yourselves with debt when the confetti settles.
photo by Chris Blackledge Photography – full wedding here 1. Pin Down Your Budget Early
Before you make decisions about venues or vendors, settle on a budget that’s comfortable for both of you.
Here?s how to get down to brass tacks:
Assess Your Finances Together: Gather up-to-date information about your earnings, savings, and any contributions from family members. Transparency is key – both parties need full visibility into what’s available.
Estimate Non-Wedding Expenses: List out your current monthly expenses – rent, groceries, car payments – and don?t forget to add a little extra for unexpected costs that pop up in everyday life.
Calculate What?s Left Over: Subtract these regular expenses fro...
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Classic Masia Egara Destination Wedding Full of Dancing and Delicious Food
05-05-2024 08:08 - (
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