Biggest Wedding Expenses (And How to Pay For Them)
The average engaged couple spends nearly $30,000 on their wedding these days - that's the price of a new car.
Interestingly, these couples are not splurging on the dress, cake, or rings, but they are finding ways to pay for lavish venues, photographers, and caterers.
Of course, as the price of these things continues to rise, couples will be spending more than $30,000 on weddings in the near future.
If you are about to say your vows, it will pay (quite literally) to know how to raise money for those wedding expenses.
One of the worst ways that you can pay for your wedding is by maxing out ten different credit cards.
Not only will this cause stress, but it will also cause many financial arguments well after you are married.
Imagine starting your new life with your loved one buried in a mound of debt! That would be enough to wound even the most solid of marriages.
Instead, take the time to craft a realistic wedding budget.
After all, you will be spending plenty of time sending out invitations and fixing your seating chart, so why not take a few moments to create a budget? Sit down with your fiancée, and plan your dream wedding keeping all of your budget constraints in mind.
You may also want to consider opening up a joint bank account that is solely reserved for your wedding day expenses.
You and your loved one can both contribute to this account equally, which will help you both to make financial decisions - learning how to agree on finances is a large part of any marriage! Lastly, if you find that you simply cannot cover all of your wedding expenses in cash, you may want to think about taking out a loan.
Instead of joining the thousands individuals currently swimming in the credit card trap, a loan would consist of one monthly payment and depending on the lender, it can be flexible enough to fit your budget.
Even if you have bad credit, there are solutions such as car title loans which will allow you to gain funds based on the value of your vehicle.
These loans are often easy, painless, and very quick to obtain.
Make a plan to pay back your loan on time, and you will even be able to begin building credit.
While weddings are, indeed, expensive, there's no need to exhaust your credit cards or empty your savings account.
Shop around for wedding planners, make sure to negotiate venue prices, and don't be afraid to splurge on those "must have" items.
Your wedding day should be the best day of your life, so go ahead and indulge - just don't break the bank!
Interestingly, these couples are not splurging on the dress, cake, or rings, but they are finding ways to pay for lavish venues, photographers, and caterers.
Of course, as the price of these things continues to rise, couples will be spending more than $30,000 on weddings in the near future.
If you are about to say your vows, it will pay (quite literally) to know how to raise money for those wedding expenses.
One of the worst ways that you can pay for your wedding is by maxing out ten different credit cards.
Not only will this cause stress, but it will also cause many financial arguments well after you are married.
Imagine starting your new life with your loved one buried in a mound of debt! That would be enough to wound even the most solid of marriages.
Instead, take the time to craft a realistic wedding budget.
After all, you will be spending plenty of time sending out invitations and fixing your seating chart, so why not take a few moments to create a budget? Sit down with your fiancée, and plan your dream wedding keeping all of your budget constraints in mind.
You may also want to consider opening up a joint bank account that is solely reserved for your wedding day expenses.
You and your loved one can both contribute to this account equally, which will help you both to make financial decisions - learning how to agree on finances is a large part of any marriage! Lastly, if you find that you simply cannot cover all of your wedding expenses in cash, you may want to think about taking out a loan.
Instead of joining the thousands individuals currently swimming in the credit card trap, a loan would consist of one monthly payment and depending on the lender, it can be flexible enough to fit your budget.
Even if you have bad credit, there are solutions such as car title loans which will allow you to gain funds based on the value of your vehicle.
These loans are often easy, painless, and very quick to obtain.
Make a plan to pay back your loan on time, and you will even be able to begin building credit.
While weddings are, indeed, expensive, there's no need to exhaust your credit cards or empty your savings account.
Shop around for wedding planners, make sure to negotiate venue prices, and don't be afraid to splurge on those "must have" items.
Your wedding day should be the best day of your life, so go ahead and indulge - just don't break the bank!
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