One of the worst things you can do to yourselves as newly-weds is to saddle yourself with a huge debt from your wedding. You want to return from your honeymoon ready to start your life together. You will have thank you notes to write. You don’t want to immediately start a second job to pay for an afternoon and evening of merriment. It just puts too much strain on the marriage. Because there will be adjustments.
You also don’t want to add two extra jobs to a household that is already working and planning a wedding. You want to figure out what you want to put aside for the wedding and then figure out how to have a wedding that is within your means. Geez, you managed to fall in love and decide to marry one another. Figuring out what you want to spend on your wedding should be the easy part!
- Slow down. Why exactly do you need to be married this year or that month? Why can’t you take some time and get your lives in order separately, before you get them in order together? Your love won’t suffer from a bit of delay. It will actually benefit from having a sound financial platform. A huge percentage of problems in early marriages are about money. So, make some plans, and then keep them about getting debt out of the way and some savings for the wedding in the bank.
- Figure out income, debts and assets. It’s only if you get really clear about the money that you’ll be able to have an appropriate and realistic budget. You’re getting married. That means commingling your debt. Debt is difficult, you want to talk about it and find a joint way to pay it off, and then make agreements about how you will accumulate new debt.
- Develop the skills you need not only to manage your money, but also to talk about your money. Take a course on-line, find a personal money manager, find a great course or coach on couples and money-management. They’re out there and they’re helpful.
- Given who you are and what you do, what is a realistic amount of money to spend on a wedding? If you’re not movie stars and you’re not owners of huge enterprises, why do you need to get married in the same way they do? Get married as the people you are and spend an appropriate amount of money – and have a better time at your wedding ceremony!
- Are there people who will help you pay for your wedding? Do you want that? Will the people who are paying have different expectations than you do about what your wedding should look like? Are you willing to make those sacrifices, because, you won’t be having the wedding you want that way, either!
- Make good decisions about where you want to invest your money. Do you want a big wedding more than you want a down payment.
- Create a budget that reflects what you’ve got to spend. Once you’ve got some realism about your finances, and have a way to talk about what you’re doing, you’re in a much better position to plan your wedding.
- Create a wedding that reflects who you are. You don’t need to have 10,000 extras to have a wonderful wedding, even if the magazines say you do! You just need to have your friends and family, good wedding vows and a really wonderful ceremony. Somehow you can make the rest fun and perfect for you.
Planning a wedding based on what you can afford is going to make you far happier in the long run. It’s also going to enable your friends to support your marriage as they watch you making sound decisions that will build your relationship’s future. And you know, there are lots of ways to have fun. Your wedding day will be fun because you’re so delighted to be marrying one another.