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Friday, August 5, 2011

Money Talks

Now more than ever, people are concerned about their finances.  Money is an important part of everyone's lives, and brides and grooms will do well to discuss a wedding budget and money matters before planning their wedding.  Discussing finances can be challenging, but it is important, not only for the wedding expenses, but for your future together.  While there are many financial considerations to discuss, both of you should understand how the other manages money, what debt may be looming, and who plans to pay for what.  If family members are paying for your wedding, talk with them ahead of time about your wedding goals to see if it will work.  Make sure to have an actual sit down discussion where everybody understands exactly what the budget is, how it will be paid and who will pay it .

As you move along in the planning process, determine how much you will be willing to spend on your entire wedding, as well as for various vendors.  If food is more important to you than flowers, maybe you will budget more money towards a caterer than to a florist. You will certainly save money if you do some things yourself or enlist family and friend's help.  Share your ideas with your significant other and family members paying for part of the wedding. It will show them your priorities and how you plan on getting the most for your money. They will also appreciate that you took the time to share your thoughts.

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