Most of my friends are still single but I’ve got a galpal or two who are now happily married with kids (they married right after they graduated!). They have passed on some great budgeting tips which I think are quite useful and appropriate, and I would like to share it with you brides-to-be:
a. Always allocate extra money for everything in case there is an inflation or sudden price hike. This should be done no matter the economic situation because who knows what will happen in the future? It’s better to save for a rainy day before a storm occurs!
b. Have at least 5000 dollars extra in your bank account. Do not empty your savings account or else you will have problems handling emergencies. Imagine how it’d be like if you or your spouse needed the extra funds for medical emergencies!
c. Stick to your budget, don’t be fickle minded. Never ever cut down on other expenses just to fund for something else which is unnecessary and different from your original plan.
d. Get a special planning handbook, do surveys on the prices of everything you need for your wedding and update it from time to time. You’ll find it very handy especially when you have the book to make price comparison easier.
e. Do not underestimate the cost of your wedding expenses. Do surveys and ask around, get quotes before you start writing your own budget plan.
f. Keep unnecessary items out of the list. Items such as flower bouquets for the parents, or even unnecessary extra jewellery are not necessities.
g. Do not ever take a loan for your wedding. You do not want to be in debt even before your wedding.
h. It is not advisable to get things that you cannot afford. Make do with what you have and be grateful for it.
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