4 months ago 21st Jul 15:20
Relate spokesperson Cath Allen said:
“It’s no surprise that couples admit to going into the red for their wedding preparation, however, the survey findings show that couples really need to sit down with their calculator and agree a realistic wedding budget that suits them both. There’s no doubt that couples will have to compromise, negotiate, communicate, and really focus on the things that matter most to them – it’s a perfect blue-print for married life.”
Experts from Get On have provided some simple wedding budgeting tips to get people started:
DO YOUR HOMEWORK: as the study shows, most people find they overspend because the budget they have set is not realistic in the first place. Before going any further, make sure you look at all the suppliers you are hoping to use and make detailed notes of all the likely costs
SET A CAP: once you’ve done your research, set a realistic total budget spend, making sure this includes a minimum contingency allowance for any surprise spending, extra guests or that something you just cannot resist. We recommend 10% of your total budget should be set aside ‘just in case’
BRUSH UP ON YOUR SKILLS: if you’re worried about managing a large budget and think your maths skills could do with a makeover in time for the big day, call Get On on 0800 66 0800 and find out about free courses in your local area
TALLY-HO: keep a note of all your spending and hold onto all receipts and invoices. Keep a list or if you feel confident of your IT skills, try using a spreadsheet to keep tally of all your purchases. Remember to include even the very small purchases like table decorations as well as major outlays – as these all add up!
CHECK, NOT CHEQUE: every week, check back to see if you are staying on track and if you need to make any adjustments to your spending
KEEP TALKING: if other people are contributing to the wedding fund, make sure you maintain a good open dialogue with them to make sure they are aware of what money you need and when you’ll need it – so they don’t get any nasty surprises! And the most important tip:
DON’T FORGET TO HAVE FUN: budgeting is not meant to be a chore – think of it as a way to make sure that you get to spend money on the things you love – with no hidden bills or worries to spoil your special day
Get On provide free and impartial advice about free courses on offer to all adults wanting to brush up on their maths skills. The courses, which offer an entirely different experience from people’s school days, focus on helping adults improve their skills so they can deal with practical, everyday situations in life and work. To find out more visit www.geton.direct.gov.uk
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