Many brides-to-be are told "plan for the marriage more than the wedding," when planning a wedding. Although brides dream of a lavish reception, she needs to realize that her and the future husband do have to finance themselves after their big day. Still, it’s difficult to understand where to begin when dealing with post-wedding debt and financing a marriage. With the average costs of weddings going up each year, brides all around the world want to make sure they don’t go broke after saying “I do.”
6 Money Don’ts For Your Wedding
- Don’t be afraid to have a long engagement. Having a year or so to plan a wedding will definitely help with finances and give you more time to figure out how to save money for your wedding and the countless days after.
- Don’t charge your wedding expenses. With interest rates and late payment fees, a bride and her future husband would be paying for much of it after the wedding; taking away from money you have to spend on other things.
- Don’t hesitate to ask your parents for help. We all love to be independent but it doesn’t hurt to admit you need a little assistance. Even after you become a Mrs.
- Don’t wait until the last minute to decide if you want to have joint accounts. Keep in mind that joint accounts are not only easier but could be healthier for your relationship as you both work as a team to reach your financial goals.
- Don’t rule out refinancing. It helps you save money and can lower your mortgage payments.
- Don’t keep the habit of going out to eat. You’d be surprised how much you can save by brown bagging it.
It’s a given that coming back from a honeymoon with money issues can quickly end the marital bliss in just moments. We hope our cheat sheet has helped all of our future bride readers to avoid getting into debt after the wedding.