Wedding Favors

Managing Your Wedding Budget

Posted on November 16th, 2007 by Kori Ellis in Wedding Planning 2 Comments

Couple Arguing About BudgetOftentimes, money issues can be the biggest cause of arguments between a husband and wife. When you get married, it may be the first time that you pool your money with someone else and because of that, many issues arise.

Perhaps you have always been a frugal person who saves money for a rainy day, while your fiance tends to be a big spender. Maybe one of you has many debts, while the other is virtually debt-free. These differences can lead to money management issues.

One thing to consider before getting married is consulting with a financial planner. A professional finanical planner can assist you with everything from basic budgeting to the difficult decisions, like figuring out if you need a prenuptial agreement. Whether you are looking to pay of debts, learn how to save, or even make investments, a financial expert can help you set up a monthly budget with your financial goals in mind.

By using a financial planner from the get-go, you can avoid arguments that may arise in the future pertaining to money. If you are looking for a financial planner, start with your bank. They will often have a financial consultant on staff that may be able to assist you. You can also turn to an investment firm or other financial institution to find help.

As you are planning your wedding, remember that you are also planning your lives together. The biggest key to avoiding money issues is to be open and talk to your partner. Design a budget for saving (and spending!) that works for you both. This way you can head into your marriage with a clear game plan and a balanced checkbook.

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Comments (2)

  1. 1Courtney

    This is such a good idea! I can’t imagine how much easier things would have been for the first few months (if not longer) if my husband and I had realized what a change financially the wedding would make. We’ve kind of gone with the flow, and it’s worked out, but I think considering a lot of issues beforehand would have made things a lot easier!

  2. 2Eric

    Melissa and I did a lot of careful planning to avoid overspending on our wedding. In the end, we were proud of every penny we saved. I think anyone who follows this advice is setting up for some happy beginnings.

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