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Feb 25

Tying the Knot Soon? 8 Expenses You Shouldn’t Forget

Reading Time: 3 mins

Getting married to the love of your life is one of the most important milestones. And it’s no secret that weddings can be extremely expensive. Even if you are planning a simple ceremony, be prepared for a number of pre and post-wedding expenses. 

Many couples often hyper-focus on the wedding and forget certain key factors. If you are deep into wedding planning, make sure you account for the following expenses.

 

Wedding Insurance

These past couple of pandemic years have proved how unpredictable life can be. In fact, several couples across the globe had to postpone their weddings multiple times. Now more than ever, it’s important to consider wedding insurance. As previously mentioned, weddings are not cheap. From last-minute cancellations to damaged dress, insurance coverage can protect you from unforeseen circumstances. 

 

Beauty Treatments

Apart from hiring a talented makeup and hair artist for the big day, brides also need to think about pre-wedding beauty treatments. In addition to making you look good, these treatments can also provide much-needed relaxation amidst wedding prep chaos. You can try dermaplaning, facials, waxing, hair glossing, lash extensions, manicures, pedicures, fake tanning and so on.

 

Changing Your Name

Traditionally, brides take the last name of their husbands. But that doesn’t mean you have to stick to the norm. How about creating a double barrel surname? Instead of giving up your maiden name, you can add your partner’s surname. Many modern couples choose to join their family name and create a new last name.

 

Wedding Outfit Preservation

You have probably spent a considerable amount of money on your dream wedding outfit. However, you can’t simply store your wedding dress or tux in your closet after the ceremony. These expensive outfits need to be professionally cleaned and stored. It would be best to consult a wedding dress preservation company for the job. This way you can keep your outfits looking new, and maybe your kids can wear them on their wedding day!

 

Honeymoon

While getting married is exciting, the planning process can be extremely stressful. That’s why it’s a great idea to include the honeymoon in your wedding planning. Rather than spending your entire budget on the wedding, remember to set aside funds for the honeymoon. If you have a tight budget, consider having a smaller ceremony instead of skipping the honeymoon.

 

Printing Photos

Hiring a professional wedding photographer is necessary to capture memorable moments on your big day. However, if your package just includes digital images and videos, you’ll have to pay extra for printed photographs. While printing wedding portraits is not necessary, it is a lovely keepsake of your wedding day.

 

Housing & Interior Decor

When you and your partner want to rent an apartment together or put a deposit down on the house, it’s best to figure out your living situation before the wedding. If you are planning to move into a new place, you need to pack and move all your belongings. 

Do you need new household appliances? It would be best to wait till the wedding. You’ll likely receive several appliances and other household items as wedding gifts.

 

Investments

Pooling in your finances is essential for building a life together. Make sure you and your future spouse are on the same page about finances. This is also a good time to discuss insurance policies and investments. 

 

The Bottom Line

It’s no secret that money is perhaps the most common reason married couples fight. That’s why careful financial planning should be an integral part of your relationship. Hopefully, the aforementioned tips will help you start this new chapter of your life with clear communication and mindful money management.

 

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

 

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