How to Financially Plan for a Wedding
You spoke, we listened. On a recent Instagram story, we asked our audience what topics they would like us to cover. The number one topic that came up was how to financially prepare for your big day. I’m so glad this is top of mind for our audience. A wedding these days has a price tag north of $33,000*, and if you’re not vigilant on your cash flow, your expenses can quickly get out of hand. But, there’s more to being financially attune than just creating a budget. What about the discussions the two of you should be having prior to getting married? How about deciding whether or not a prenup is suitable? Keep reading to find out more!
The Tool You Need to Talk Openly About Money With Your Partner
Talking about money is like when your parents first talked to you about sex – you probably wanted to throw yourself out of a moving car! Money is the #1 taboo topic in America – it’s something that we knew was private growing up and we were taught never to talk about it. This is fine… until you are in a relationship. When “your” money becomes “our” money, the realization kicks in that talking about money is really difficult and often leads to tension. It’s no surprise that money is one of the leading causes of divorce in America. Why is that? Well, think about it.
Money Checklist For Newlyweds
Getting married can be one of the most exciting times in your life, but it can also be stressful and confusing. As with any major life change, marriage comes with a long list of financial topics that need to be addressed. Here’s a list of financial tasks to complete once you get married – or even before, if you’re up to the challenge. It’s not a comprehensive list, but it’s a good start.
Getting Married — and Marrying Your Finances
Ahh, weddings. No matter the time of year, marriage is a beautiful thing. It brings families and friends together to celebrate love as individuals say their vows and become one.
Something else that they might join? Finances.
5 Financial Actions That All Newlyweds Should Take
Being a newlywed is such a fun time – you are still reliving your wedding and honeymoon. You are talking about your life plans together. There is a new, exciting momentum that is important to capitalize on.
Marriage has a big impact on your finances and it’s so important to be proactive about it. We’ve all heard the stat thrown around that money is the #1 cause of divorce in this country. Well, now is the time to start building a new, solid financial foundation so that you and your partner are on the same page with regard to money decisions.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
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