Every bride wants a royal wedding!
Monday, May 02, 2011
Even Mr. and Mrs. Middleton are contributing to the royal wedding. "It's becoming more common for the wedding costs to be shared among parents and the bride and groom," says Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada, Inc. "Once everyone's contributions are determined, we recommend the bride and the groom save about 20% of their monthly take home pay for their portion of the wedding."
No one wants to incur huge debt during this happy time in ones life; as always, preparing a budget is the first step towards the success of this once in a lifetime event. Consolidated Credit Counseling Services of Canada, Inc. has a few tips for any bride planning her royal wedding:
Something old – The concept of budgeting has been around for many, many years. It is the best place to start planning your wedding. Speak with those contributing to the expenses, if any, to determine how much money you will have all together to spend on your big day.
Something new, different and less expensive -- How about a wedding brunch rather than a typical evening affair. If relaxed and comfortable best reflects who you are then this is a great way to go-not to mention a cost savings.
Something borrowed – Only borrow what you can afford to pay back without incurring huge debt. The number one item couples argue about is their finances and that's no way to start off your new life together.
Something Blue – With the high costs associated with weddings and gift giving today those not invited to your big day won't be feeling blue, in fact Uncle Harry and Aunt Jane twice removed will probably be relieved. This is the area that will have the most impact on the cost of your wedding. Once you determine the guest list almost everything from the venue to invitations to dinner revolve around the number of people invited.
Consolidated Credit’s FREE PDF download ‘The Wedding Planner’ booklet is available and is full of money-saving ideas.
About Consolidated Credit Counseling of Canada, Inc.:
Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance. Consolidated Credit's unbiased debt-counselling service offers alternatives to help people get their debts under control. Alongside assisting with consolidating payments, Consolidated Credit experts focus on education and understanding. Strategies include teaching basic but vital concepts such as how to budget, understanding credit and how to manage money.
Consolidated Credit also offers a free web-based budget and debt analysis tool and a plethora of website resources for people interested in learning more about debt and credit on their own, including tips on smart spending, buying a car, taking out a student loan and a survival guide for holiday spending. Its online learning centre offers free personal finance education booklets, financial calculators, resources, tips and suggestions. Also offered is a free iPhone and iPod budgeting application, which can be used to manage expenses on-the-go.
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Manager of Community and Public Relations
Consolidated Credit Counseling Services of Canada, Inc.
Toll Free: 1-800-656-4120 x 1057