After I divorced from my wife, I needed to start building my finances back up again. I have started this website to show people how you can save money and invest it sensibly after your divorce. You will not be able to get rich overnight, but by taking a long term view you should be able to get your finances in order and buy a new house or other things like that. I want my kids to know that I am doing OK financially and I want to make sure that I can keep giving them the lifestyle that they deserve when they are with me. I am sure you want the same things.
If you or your child are getting married it's tempting to start planning big. However as you start to look at the practicalities of planning a wedding the price tag can be overwhelming. It can be a great idea to see a financial advisor to make sure that the wedding cost does not cause you stress and overshadow what is a beautiful and special day.
Set a realistic goal
While the average wedding costs $36,000 according to Lifehacker, you might be aiming for a more modest total for a charming backyard wedding or a larger total so that you can have a blowout party with all your friends and family invited. Cultural norms play a large part in dictating the size and scope of weddings, but it's important to be realistic about how much the wedding dreams is likely to cost and whether you can afford it.
If you are saving for your own wedding don't think you can save this amount it's a good idea to review your budget to see which areas you might be able to cut.
Start saving early
If you are preparing a few years out for a future wedding it will be a lot easier to save what you need as you can put away smaller amounts each period towards your savings goal. This is a great idea for parents especially, who can start savings and investment accounts whilst their children are still very young. Even if you are saving for your own wedding its' a good idea to start saving as soon as you become engaged to help pay for the large costs at the end.
Ask for cash gifts
If you have needed to borrow some money for your wedding, one of the ways to pay this back is to ask people for cash gifts rather than items from a registry that you may not ever use. This is becoming much more socially acceptable than it once was, and is a good way to pay off some of your wedding expenses. Be sure to underestimate if you are waiting on money from gifts to fuill hoels in your budget, as people may not be able to contribute as much as you'd like.
If you are looking at a way to be able to afford the wedding of your dreams, it's worth chatting to a financial advisor. They can help you to review your budget and set savings and invetsment goals to ensure you have the necessary funds.Share