1919: Wedding Budget Creep and How to Avoid It by Camilo Maldonado of The Finance Twins

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

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🗓️ 9 June 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Camilo Maldonado of The Finance Twins tells you how to avoid wedding budget creep Episode 1919: Wedding Budget Creep and How to Avoid It by Camilo Maldonado of The Finance Twins Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/how-to-avoid-wedding-budget-creep/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 19-19, Wedding Budget Creep and How To Avoid It
0:07.0	by Camilo Maldonado of thefinancetwins.com
0:11.1	and I'm your host and personal finance enthusiast, Diana Merriam.
0:15.6	Let's jump right into our next post as we optimize your life.
0:20.7	Wedding Budget Creep and How To Avoid It
0:26.6	by Camilo Maldonado of thefinancetwins.com
0:31.8	On average, couples underestimate their wedding ceremony and reception budget by nearly 45%.
0:39.5	45%. If that sends chills down your spine, you aren't alone.
0:44.9	Here's how to avoid a similar fate.
0:47.7	Regardless of whether you have a budget of $1,000 or $100,000 for your big day,
0:53.7	overspending on your wedding can lead to a lot of financial stress and that's the last thing you
0:59.3	need as you embark on the adventure of marriage. You need to have those tough conversations.
1:06.9	The first thing you need to do is figure out how much money you have or don't have to spend on
1:12.2	your wedding. Now that you're getting married, it's time to put on your big girl or big boy
1:17.5	pants and have some tough conversations with your partner and anyone who might be involved in
1:22.8	helping to pay for your big day. You need to be transparent and honest about what you can
1:28.2	afford to contribute. If you're getting financial help from parents or other family members,
1:34.1	ask them for a specific number that they're comfortable providing. Thank them profusely.
1:40.4	I realize it could be hard or downright awkward to talk about money.
1:44.9	People can be very secretive or caging when it comes to money, but having the tough
1:49.9	conversations now will save you a lot of English later on. What do you really want on your wedding
1:57.1	day? You've been thinking about your wedding day for months or maybe even years. This probably
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