While your wedding is an extremely major event, it’s important to note that there’s a whole life to live afterward. This means that you need to take care when making decisions for the future with your significant other. These include setting realistic budgets for expenditures like your honeymoon and making the right call as far as saving goes. Here are five budgeting tips that you can use to make sure that your post-wedding life is as blissful as you dream it will be.
1. Come Up With a Savings Plan
The first and most important step for you to take is to come up with a savings plan for your future as a couple. While between 40% and 50% of marriages in the United States end in divorce, it’s important to stay optimistic and make plans for a favorable outcome. This is something that can help you to avoid ending up in an unsavory situation whereby you need money to make an investment such as buying a home but you have none. That said, come up with a budget that has a savings plan which you’re comfortable with. You’ll be happy that you did so in the future.
2. Set a Budget for Your Honeymoon
Your honeymoon doesn’t need to drain your bank account for it to be an amazing one. With this in mind, it’s important to save for your honeymoon and set a budget that you’ll do your best to stick to. For instance, you may skip activities like taking helicopter rides if your honeymoon budget doesn’t quite cover them. This may be an attractive activity for a number of couples, with the United States having the largest fleet of helicopters. Sticking to your honeymoon budget will be an amazing way for you to start practicing a responsible future with your significant other.
3. Get Creative With Thank-You Cards
It’s a great gesture to send out thank-you gifts or cards to your wedding guests. This is because they took the time to grace your special day with their presence and helped you to have an amazing one. That said, you should get quality but avoid splurging, especially if you intend to pair the cards with something else. Keep in mind that you could use 1.5 mil film which equals 0.0015 inches for your cards. This is extremely thin and ideal for items printed on heavy cardstock like thank-you cards tend to be.
4. Talk About Money
Right from the start, it’s important that you start talking about money. This is going to give you an idea of where each other’s priorities lie when it comes to money and savings. Discuss debt if either or both of you have it and come up with ways of paying it off. This is one of the most important talks that you can have with your significant other, so it’s a good idea for you to get comfortable with it from the beginning.
5. Leverage Cash Gifts
Finally, you may have come across a windfall in the form of cash gifts that you received on your wedding day. These should come in handy, not as additional money to enjoy, but as extra cash to bolster your financial future. Take time to think of how you’re going to put this money to good use after the wedding passes or simply keep it in your savings account. Doing this is going to provide you with an additional safety net for the future that could bail you out of trouble, even if in a small way.
Use these five budgeting tips for your post-wedding life to secure your finances. When you have some money for a rainy day in your accounts, you can be sure that you’ll have a better chance of enjoying marital bliss.