Wedding Finance http://wedding-finance.theweddingwizards.com Paying for your wedding Sat, 27 Jan 2007 12:08:09 +0000 en Don’t Make Your Wedding a Financial Nightmare http://wedding-finance.theweddingwizards.com/don%e2%80%99t-make-your-wedding-a-financial-nightmare/39/ http://wedding-finance.theweddingwizards.com/don%e2%80%99t-make-your-wedding-a-financial-nightmare/39/#comments Thu, 04 Jan 2007 21:15:11 +0000 Chris Morton http://wedding-finance.theweddingwizards.com/don%e2%80%99t-make-your-wedding-a-financial-nightmare/39/ You may have a dream wedding in mind, but can you afford it? Today brides and grooms feel the pressure to spend a ton of money on their weddings or else they will be a failure. In fact, most brides and grooms feel that overspending is just a wedding rite of passage rather than what it really is…a financial nightmare.

According to the Conde Nast Bridal Group, the average in 2006 were over $27,000 (£13,640 or 20,276.3 EUR). That cost is up 80 percent from 1990 and is going up at twice the pace of inflation. Some experts place the blame on a “keeping up with the Jones’” mentality. Still others place blame on the multi-billion dollar wedding industry’s blitz of advertising, wedding books, bridal magazines, and more that play on a couple’s insecurities.

However, do you need to spend that much on your wedding to have a wonderful day? Will it make you less of a person? What impact the rest of your life? The answer to all these questions is “no.” Yet you will be faced with a strong temptation to overspend on your wedding day. Here are some tips to help keep you from overspending:

1. Set a budget. The number one thing you can do to avoid overspending is to have a budget in the first place. Overspending usually occurs because there is no clear plan for spending in the first place.
2. Stay on budget. Know your budget and go over it regularly. This way you will know exactly how much you have left to spend.
3. Have an open mind. Sometimes you will have to make compromises to remain on your budget. If you keep an open mind you may even be able to find better products and better prices.

While you may have a million dollar wedding in mind, you may be on a significantly smaller budget. However, you need to remember what your wedding is about…your marriage. Keeping your eyes on the fact that this is just one day in the rest of your life puts your
in perspective. Get your marriage off on the right foot and only have the you can afford.

]]> http://wedding-finance.theweddingwizards.com/don%e2%80%99t-make-your-wedding-a-financial-nightmare/39/feed/ Paying for Your Wedding http://wedding-finance.theweddingwizards.com/cost-of-a-wedding/4/ http://wedding-finance.theweddingwizards.com/cost-of-a-wedding/4/#comments Tue, 07 Nov 2006 03:27:42 +0000 Chris Morton http://wedding-finance.theweddingwizards.com/cost-of-a-wedding-2/4/

Wedding Rings And MoneyThere is no doubt about it, the cost of a wedding in this era is a significant financial commitment on the part of the people involved. The average wedding in both the United States and Canada is said to cost between $20,000 and $25,000. That's on average! If you live in a major metropolitan area in these countries, some say that you can actually expect to double this amount in order to have your special day.

Put in perspective, these figures can seem very daunting. Looked at in another way, you could buy a new car for your new family with the money that is going to be spent on your wedding. Added to the cost is the fact that although the average age of couples who are getting married today is going up, they tend to be in more significant debt than couples of the past. Many find themselves already up to their eyeballs in loads, for things such as cars, credit cards, and student loans.

At Wedding Wizards, we have a special section dedicated to helping you find ways that you can make your wedding more affordable and give you ideas on where you can cut costs. Here are some of the articles we have come up with:

Unique Money Savers: Ever heard of a sponsored wedding? Well, the information in this article will let you in on the details!

Who Pays for What? This is a question that almost everyone wonders. It is important that the couple have help in offsetting the costs of their wedding, but what is the best way to go about it? The answer used to be straightforward, but now there are any number of combinations that can be applied to help with the wedding costs.

Ways of Paying: is it the wisest move to take out a loan for paying the costs of your wedding? What type of loans are available for this purpose?

The Price Breakdown: What can you expect to spend on each area of your wedding?

Cutting the Corners: Areas where brides and grooms can show some flexibility that can help them save a bundle of cash.

It is pretty likely that your wedding is the biggest party you will ever throw, and you can expect the budget to be proportionate to the event. We all want our weddings to be perfect, and there are ways of achieving a dream wedding without spending way beyond your means.

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