Creatively Paying For Your Upcoming Wedding
Shared wedding cost
"We have decided that since we have about the same amount of income,
we will share the cost of our wedding equally. We are financing
everything with our separate credit cards. How can we do this equitably
and in a way that prevents any arguments or misunderstandings?"
ave, you are absolutely right to address your wedding
arrangements sooner rather than later. It is insightful to recognize
that it can become a source of disagreement, no matter how strong your
I would suggest that in order to split the wedding cost equitably, you
must know exactly what those costs are. First, prepare your wedding
budget based on solid estimates from vendors.
Then split it right down the middle and round up. If it appears that an
equal split would be $ 6350.00 each, round up to $7000.00 to allow for
cash items and a bit of grace in the budget. Then stick to the budget.
To maintain the joint responsibility split the planning and organizing
for the wedding as
well. If one of you is doing everything and also paying half, you may
want to revise that plan.
Once you agree to the budget, you could take cash advances from
the credit cards and put them into a new wedding-only checking account.
This is important considering that many event professionals will accept
cash only when making reservations or for the final payment.
Cash advances on credit cards usually come with a hefty interest rate. If
you need to use your credit cards for these expenses, remember to
consolidate your higher rate card onto a lower rate option as soon as
Arguments about money are the number one complaint from married couples.
By preventing them, you are off to a good start.
Additional information on this topic:
Wedding plans? -- Financial considerations; where to start
How much debt is too much?
Paying for the wedding
Creatively financing your wedding
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Editorial Calendar &
Monthly Budget Worksheet
Important Financial Help
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