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Categories :: Advice Articles |
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 Category :: Advice |
Author :: Mike Cotter  |
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| Article Title :: How To Marry Without Financial Turmoil |
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A wedding day is supposed to be perfect. In fact, most people
start dreaming about and planning their wedding day long before
they even meet their spouse! But what many people forget is
that a wedding is in reality a financial transformation, and if
it's not handled properly, that dream day could quickly turn
into a foundation for debt.
If you are planning your wedding day, you should take some time
out and think about the possible financial ramifications that
you could suffer if you don't plan well. Here are some tips for
ensuring that your wedding day is indeed perfect--financially
and all. Talk
The first thing you should do when thinking about your wedding
is to sit down and talk to everyone involved. Usually, this
will include the bride and groom, as well as any parents who
will be contributing finances to the event. You should set a
firm figure in mind, as this will be the basis for all of the
other decisions that you make.
In addition, you should think about one thing carefully: if your
parents are contributing a great deal of money for the ceremony,
are you sure that you wouldn't rather use it for something
else? People of ordinary means have been known to spend
$10-15,000 on a single wedding. If they'd thought it through,
they might have made the decision to have a small wedding and
use the contributed cash as a down payment on a new home
instead!Plan
Now that you have a budget in mind, you should make a list of
absolutely everything that you'll need for your ceremony. This
list should include things like the wedding chapel, reception
hall, dress, catering, flowers, photographer, and more. You will
need to assign a portion of your overall budget to each of the
categories. You may need to do some price comparisons before
completing this step so you'll have an idea of what each item
should cost. It will help to assign a value to each item. For
example, what's more important to you; your wedding flowers or
the gifts for the bridal party? Now that you understand how
much you'll have to spend on each thing, it should make the next
step easier.Compare
Now it's time to do some comparison shopping and
re-adjusting. For example, if you've planned $500 for flowers,
and find that it's simply not enough to get what you wanted; you
will have a few choices. You could select something else that
isn't as expensive, you could reduce another category's budget
and put it toward the flower budget, or you could get creative
and decide to grow your own flowers for the ceremony. The point
is to stick to your overall budget.Move On
Once you've planned your entire wedding within your budget, you
should be able to sit back and enjoy the occasion knowing that
you have chosen to start your lives together responsibly. Now,
continue to budget and plan in the other financial areas of your
live and watch your finances grow! Â
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