Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Sunday, 04.20.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5
 6  7  8  9  10  11  12
 13  14  15  16  17  18  19
 20  21  22  23  24  25  26
 27  28  29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

May 18,2007
Don't hear wedding bell money blues
by Jason Alderman

Many people recall their wedding day as one of their happiest, filled with cherished memories and promises of a bright future. But at an average cost of more than $27,000, it's not surprising that some weddings start couples off on the wrong financial footing, setting the stage for future money problems.

 
Don't hear wedding bell money blues 
Marriage unites two lives, including two separate financial track records. While you each may bring assets and savings to the table, if one or both of you are burdened with student loans, car payments or high credit card balances, that can have a bearing on how you start out life together.

Given that financial problems play a major role in many divorces, doesn't it make sense to start your marriage off on the right foot by communicating openly about finances?

A good place to start is with the wedding itself. Long before making any concrete wedding plans, have a candid discussion with your spouse-to-be about what you can and cannot afford. Economizing doesn't mean doing without a memorable wedding - there are many ways to reign in costs by planning carefully and being flexible.

First, create a budget. Unless you're a professional wedding planner, you probably have no idea how many off-the-wall expenses you'll encounter: invitations and postage, marriage license, clergy and location fees, flowers, bridal gown and groom's tuxedo, rehearsal dinner and reception, photography, catering, limousine, parking attendants, engagement and wedding rings, gifts for wedding participants, honeymoon expenses - and that's the tip of the iceberg.

There are many good wedding budgeting tools available online, including those found at www.weddingdetails.com and www.weddings.about.com/library/blbudgetworksheet.htm.

Ways to trim costs. Will inviting people you barely know make your wedding any more enjoyable or memorable, or would you rather spend more time with the people you love? Does it have to be a Saturday in June, or can you be more flexible on the date? Is an expensive sit-down dinner reception a must?

And don't be afraid to negotiate on prices for photographs, flowers, food and other items. A good wedding planner can more than pay for himself or herself by bargaining on your behalf.

Play it safe. You wouldn't invest $20,000 in a car and not insure it, so consider wedding insurance that can protect you in cases where severe weather, family illness or other situations force cancellation or postponement. Ask your insurance agent what's available and carefully check policy conditions for payment. And don't forget liability coverage, in case Uncle Albert has one too many glasses of champagne and trips.

Of course, planning your wedding is only one of many financial decisions you and your spouse will make together. The more you know about each other's financial state and philosophy going in, the better your odds for a successful marriage.

Practical Money Skills for Life, a free personal financial management site sponsored by Visa USA, contains a comprehensive guide to many of these considerations, including: what to ask about each other's credit history, divvying up financial chores, necessary legal document changes, budgeting, debt management and much more. Go to www.practicalmoneyskills.com/marriage for details.

A little thoughtful planning can have you singing a happy tune at your celebration instead of "Wedding Bell Blues."

1000 times read

Related news
Money and You: Simple steps to financial confidence by Carrie_Schwab_Pomerantz posted on Aug 03,2007

Fine line separates matrimonial magic from wedding day woe by Denise Sautters posted on Jun 01,2007

The heat is on: Solving Summer Wedding Fashion Woes by Sharon Mosley posted on Jun 29,2006

Getting married? Let a computer help you create the dress of your dreams! by Bend_Weekly_News_Sources posted on Feb 16,2007

Chukar Cherries contributes Pacific Northwest flare to weddings by Bend Weekly News Sources posted on Feb 09,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 13 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?