Systematic planning is required in financial planning to ensure harmony in your future family. Saving habit has to be cultivated right when your relationship blossoms. Here are 5 tips on what you should do to host a wedding ceremony without costing you a bomb or excessively:
1. Discuss and Aligned
Build the trust together in money saving habit and aim at same goals. A couple should have a strong sense of financial planning before marriage.
2. Budget, Budget & Budget
Track expenses of you two by consolidating budget at monthly basis. This is the best way to prevent over-spending but it needs cooperation from the two parties.
When we say financial planning, we don’t mean to save on every single penny. Treat yourselves better whenever there is some surplus in your monthly financial savings. That’s the way to prolong your journey in money savings.
4. Revise Budget if Planned Budget doesn’t tally with the Actual ones
Act immediately, when you find something wrong is going on between the planned and actual budget. Sit down and discuss it over in-depth discussion to rearrange expenses.
5. Understand Debt
As a lifetime partner, you need to understand debt’s status of your husband so that you won’t regret when you are declaring vow in the chapel.
Nothing comes for free in this world. Build your financial plan with your loved ones even he / she is not money savvy enough yet. You’ll get to know each other better when you start talking about money, in more realistic way to secure your future. Good luck girls!