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Relax while planning your wedding with these financial and budgeting tips

POSTED March 28, 2013 2:05 p.m.

(BPT) - Planning and organizing a large and complex special event can quickly overwhelm a bride and groom-to-be, especially if the couple has no previous experience or training in large event organization. In addition to all the details of the invite list, the location for all activities for the big day and the special intimate details of wedding party gifts, getting to the big day without breaking the bank might seem impossible.

With a few smart steps before, during and after the ceremony, you'll ensure your bank account will remain as strong as your love for each other.

 

Tip 1: Strive to come in under-budget

Set a budget and stick to it — or better yet, come in below it. Start out the wedding-planning process with a set budget for all major expenses such as food, music, wedding attire, flowers and the cake. But don't forget about all the little expenses that can add up too. For example, tips for services that the DJ, drivers, hairstylist and bartenders provide can add up to hundreds or even thousands of dollars. Remembering all the details and giving yourself a little financial wiggle room should something be overlooked is a wise decision.

 

Tip 2: Get all fees in writing

Staying organized when planning a wedding can be complicated, but keeping track of all those long contracts can come in handy should there be discrepancies regarding extra fees come payment time. Didn't know the reception site was charging you a cake-cutting fee? Reference your contracts and if there are any issues, you can address it with the vendor. Forgotten fees can accumulate fast, and by getting everything in writing and staying organized, you'll be sure you don't get burned.

 

Tip 3: Plan ahead and pay bills on time

Once your big day arrives, all your bills should be paid in full. Check contracts and be sure to understand payment agreements so that you don't get hit with any late fees. For many couples, credit cards will be used to streamline the payment process, but don't forget when your monthly payment is due and strive to pay it in full. This is especially important for couples leaving for extended periods of time for a honeymoon - you'd hate to come back to a pile of late fees because you didn't plan ahead on payments that may be due when you're gone.

 

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