Wednesday, May 12, 2010

Are wedding bells in your future? Don’t forget to factor in finances!

June is traditionally the month of weddings. And in Maine, where there is only a short window of time when one could comfortably wear a wedding dress without needing a parka and snow boots, this is especially true! No matter when you decide to tie the knot, one thing is for sure- your “perfect day” doesn’t come for cheap! The Association for Wedding Professionals International estimates that the average wedding costs between $21,000 and $24,000. While it’s easy to get caught up in the endless details of choosing flowers, food, cake, shoes invitations…Don’t forget the big picture- nothing goes by as fast as your own wedding, and when it’s over, you will want to be happily married- not unhappily in debt.

You can cut back on some of the stress that comes with planning a wedding by starting you plans far before the big day. That will give you time to search out the best buys for your money, as well as to save up for it. You can start by opening a Club Account at a credit union- it’s an easy way to put money away, without feeling like you are making a huge sacrifice. And, while your busy planning your future with your spouse to be; don’t neglect to discuss your financial future as well. Whether you plan on keeping your finances separate or want to combine your assets, why not take the opportunity to start another lifelong relationship- with a credit union!

-Diana D., Maine Credit Union League

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