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Updated: 3:39 PM Jun 15, 2005
Budgeting Tips for Brides and Grooms
l Posted: 3:39 PM Jun 15, 2005 |
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People often spend thousands of dollars on their weddings; with some thrifty planning, you can help prevent breaking the bank so that you have money left over for the future.
First, estimate how many guests you want to invite. Write out a list and try to keep the number of guests even between the bride and groom. You may want to cut the list by eliminating business associates, escorts for unmarried guests and relatives who live far away.
Buy a wedding dress off the rack from a secondhand store or borrow one from a friend or relative. When shopping, take a frugal friend with you to help keep things in perspective.
Make your honeymoon plans early to get discounted rates on airfare and accommodations. Forgo the limousine, have the ceremony flowers transferred to the reception, have a relative take photographs and videos, and serve a buffet-style dinner. Or consider skipping the big wedding altogether and getting a combined marriage/honeymoon package.
Discuss Money Carefully
All too often individuals feel that money is a taboo subject.
Money problems will not get resolved by avoiding discussion. Even when it is uncomfortable, discussion is needed to get financial problems resolved. Not talking about money issues does not make them disappear.
Other roadblocks to healthy communication about finances are: having only one individual within the family who has complete financial control. Typically that was how money was handled in the past.
Today, however, it is advisable to have all family members involved in the decision making process. Controlling family members by controlling the family purse is likely to break down relationships.
Source: M.A.P. Road Blocks to Communication.
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