Weddings are one of the biggest days in your life and skimping on what you’ve always wanted isn’t an option, although the dream wedding often comes with a high price tag. Despite the best financial planning, a wedding will cost more than you anticipate, so start preparing early with these tips.
- Over budget. Plan on paying the top cost for each expense and then add 10 percent to that. Any left over money can be put towards extras or set aside in savings for the bride and groom’s new life together.
- Being organized can help save money. Since the reception is often a major expense, prioritizing the guest list and food choices early is important and it’s a way to rein in excessive spending.
- Start saving early. Consider opening a special savings account specifically for the big day. Unforeseen expenses will arise and you will want to be ready.
- Look to a credit union for help. Credit unions offer many avenues to help people afford big expenses. Most offer personal and special purpose loans, as well as low-interest options including Sharefax.
As credit unions continue “Helping People Afford Life,” they strive to assist you in preparing for that special day. To learn more about how a credit union can help you, visit our website at www.sharefax.org or call us at (513) 753-2440.