Financial Questions to Ask Your Fiancé

What to talk about Money

I came across this financial questionnaire from Real Simple and I felt that my readers will be interested in knowing how their respective fiancé handles his finances.  The best time to have a frank financial discussion is now.  You both need to know your savings and spending habits.  Many marital troubles arise from arguments about money.

What if you find out that you have different ways of handling your respective finances? Then, it is time to compromise and agree on where to loosen and where to tighten your budget or financial spending.  It is best that you both have a clear understanding and a shared approach on how best to handle your finances before you say your “I do’s”.

Print this Money Checklist To Ask Each Other and start talking about your future financial plan.

Planning A Wedding Step 1

According to the latest Wedding Report published by Wedding Industry Trends, the average cost of US weddings in 2007 is $28,732. That is not a small change. The rise in wedding cost could be attributed to men and women waiting longer for marriage, thus, they have more money to spend. Also, the parents of the soon-to-be-married couple usually share in the cost of the wedding. No matter what the reasons are, it is best to determine early in your wedding planning stage what you want or what you can afford to spend and stick to it. Yes, I am talking about creating a budget. “But”, you ask, “where do I start?”

There are two elements in your wedding planning that will determine how much the wedding would cost you - the size of your guest list and the theme or style of your wedding. It does not mean to say that the fewer guests you invite, the less money you’d spend. It depends on how much the reception would cost per guest. The same applies to the style of your wedding. You could save money by choosing an informal wedding in a neighboring public beach, But if you chose a beach in one of the Caribbean island, it would add up to the cost of your wedding, unless you do not plan to invite many of your friends and relatives to your wedding.

Weddings are not only for the bride and groom. It is a celebration of love and, thus, wedding is an event to share with people you care about – friends and relatives. People are more important than money. For many bride and groom, they would rather have a less formal wedding than to cut their friends and relatives out of the wedding.

Consider your guest list as one of the major determining factor in setting your wedding budget. Making a guest list should be the first step in your wedding planning. On average, the biggest cost in your wedding would be the reception at 42%, next comes the rings at 20%, then bridal gown and groom’s rental tux at 7%. The rest of the expenses go to photography or videography, invitations including save the date and thank you cards, limousine, Music, ceremony, flowers, and cake.

Do you want more information about how to plan your wedding? Visit our blog often. We will write a series of articles on ideas on saving money on your wedding.