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Judul : Wedding Financial Planning: How to prepare for your big dayLink : Wedding Financial Planning: How to prepare for your big day
The jittery feeling and excitement may have not settled down after the proposal or the decision you both finally made to tie the knot.
And then you go to Google, type in the search box: "Things to prepare for wedding"
Hands up, ladies, we are all guilty of this.
And then you go to Google, type in the search box: "Things to prepare for wedding"
Hands up, ladies, we are all guilty of this.
From wedding invitations, decorations, color themes, wedding gowns, venues, entourage and guests - these all need preparation.
But what MAY come last to our minds is how to get these all items ready. We need the moolah.
But what MAY come last to our minds is how to get these all items ready. We need the moolah.
Here is our friendly advice (from experience) on how you can prepare for your big day - a wedding financial plan.
Disclaimer: Please note that this worked for us, and it MAY or MAY NOT work for you. If it is sensible (and humane) enough, do give it a try.
Disclaimer: Please note that this worked for us, and it MAY or MAY NOT work for you. If it is sensible (and humane) enough, do give it a try.
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| Are you ready for the BIG day, especially financially? |
Separate Bank Account for Wedding Budget
Though we both have different savings accounts, we set up a separate bank account for our wedding budget we call it "Wedding Fund."
Every pay day (or commission cycle), we would set aside 20% of our income to our wedding fund. Initially, our goal was to put up minimum 100 thousand pesos (but it went up to almost 300k!): that is 50 thousand pesos per person.
We monitored our savings monthly and encouraged each other. We raced as to who gets to the 50k mark first. There were times when we slacked off, and times when we did great catching up with the goal. It was challenging, but it was actually fun.
What happened? We really did it. Hooray! We were financially ready!
Read more »
Every pay day (or commission cycle), we would set aside 20% of our income to our wedding fund. Initially, our goal was to put up minimum 100 thousand pesos (but it went up to almost 300k!): that is 50 thousand pesos per person.
We monitored our savings monthly and encouraged each other. We raced as to who gets to the 50k mark first. There were times when we slacked off, and times when we did great catching up with the goal. It was challenging, but it was actually fun.
What happened? We really did it. Hooray! We were financially ready!
Wedding Financial Planning: How to prepare for your big day
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