Q: I’m engaged to be married to a great guy next year and life couldn’t be better, except that we can’t agree on what kind of wedding we should have. I’ve always hoped that if I got married, it would be in a tropical destination. My fiancé is only lukewarm to the idea of a destination wedding. He would like to see us have a simple and inexpensive wedding and save up for a down payment on a condo. He also worries that we may be setting ourselves up for some high expenses later on as we will feel obligated to attend the destination weddings of friends and family if they attend ours. Any suggestions? ~ Taylor
A: Congratulations on your engagement and future marriage! Marriage is a big step and the key to starting your marriage on the right path begins with honest communication and the willingness to listen and compromise. Financial compatibility also plays a big part in the success or failure of a marriage. Compromising isn’t about winning or losing; it’s about finding middle ground that you can both agree on.
There will be a lot of opportunities for you and your future husband to learn how to compromise as you plan your wedding together. Keep in mind that wedding costs can easily get out of control if expectations aren’t set at the beginning. Making financial decisions along the way will keep you from wondering how to pay off credit card debt later. While you can’t put a price on love, depleting your savings or putting your wedding on credit is no way to start your married life.
Start with a wedding budget
Regardless if you end up having a destination wedding versus a traditional wedding or something in between, creating your wedding budget first is always a good idea.
After you’ve determined your wedding budget and know how much you can afford to spend, here are some other things to consider as you plan to…