Planning to Get Married? Here's How You Should Prepare Yourself Financially

1. Plan a Wedding budget-

   Keep a budget in mind and plan things around it. If you want to have a big wedding, you will have to allocate funds accordingly. Assess your needs based on food, wedding guests invited, and jewellery to be purchased etc. If your funds are falling short, maybe you can take a small personal loan or use your credit card. Be mindful, this expenditure is a onetime expense, with no financial return on the expenditure, so spend accordingly.

2. Do early bookings-

   Make your venue booking in advance to steer clear of the last minute demand and supply gap and end up paying more. Book your travel plans, flight, hotels etc to avoid surge pricing.

3. Prepare funds for your Life upgrade-

   Marriage brings with it upgrades that are important for our financial and stats growth and some of them are absolutely necessary as well. You may be living in a one bedroom house but will have to upgrade once you have kids. Similarly, you will have to buy a car instead of travelling on bike once your family expands. Make provisions for these expenses by preparing a corpus. In addition, you would have to invest in insurance plans to secure their future.

4. Make saving a habit-

   Cut down on unnecessary expenses like shopping, eating out too often etc. Eat in more, avoid spending on too many gadgets and unnecessary expenditures on clothes. Small changes like these will lead to bigger results.

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