Which means wedding season is fast approaching. If you’re engaged (or hoping to be soon!), now is a good time to start making wedding plans. There are great sites out there that can help you with all the details–like The Knot and OneWed. They even have tools to help you estimate how much your wedding might cost. Going through the budgeting process is a great way to figure out what kind of wedding you want to have, so take a shot at a budget, even if you’re not really sure what you want.
But here’s the thing: regardless of what you come up with in the wedding budget process, you’re going to have to figure out if you can afford it (I know, not exactly romantic!). And the only way to do that is to define and quantify all of your goals at the same time, so you can consider the trade-off’s between the wedding you want and your other goals. In the process, you can start to get a handle on your financial priorities, which may ultimately mean a smaller wedding. But that’s okay, because you can now make that decision based on what you want to do!
The best way to quantify your goals is build a financial plan. We can help you with that here at SimpliFi, or you can sit down with a face-to-face planner as well. In either case, you should get your fiance to do the same thing and then compare your results. You might be surprised at what you find.
In spirit of the (upcoming) wedding season, I’ll leave you with this–enjoy!
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