Planning a wedding is serious business, whether you engage a wedding planner or not. It is very challenging and demanding, because it requires thorough planning and of course, money.
The funds you have will go a long way in determining your type of wedding. But since Nigerians love weddings and the occasion is really supposed to be a once in a lifetime affair, we tend to go all out, even to the point of breaking the bank.
If you are not careful, you will make some monumental money mistakes when planning your wedding.
But not to worry, here are 5 money mistakes you should avoid when planning your wedding:
- Talk about the budget
There is no gainsaying that you must have a budget when planning your wedding. However, you must ensure that you discuss the budget with your bride or groom. This will ensure that both of you are on the same page when the spending eventually starts.
2. You don’t put a price to whatever you are shopping for
The prices of groceries and other items have significantly increased. Therefore, it is smart if you put a price on nearly everything to make your shopping easier. You can get the prices of whatever you want to buy online by going window shopping.
3. Sticking to your budget
Sticking to your budget when planning your wedding is not advisable because emergency expenses will always come up. You should make arrangement for these extra expenses so that you will not be caught in a web.
4. Not making arrangements on how to recoup money
This may be funny but you should do it anyway. You should make arrangements for how to recoup some of your wedding expenses. You should employ a live band and make sure there is time for couple’s dancing on the list of things to do. This way you will get some money to settle certain expenses.
5. Borrowing to finance your wedding
You should never borrow money to finance your wedding because you will have to pay back after tying the knot. You may end up paying for debts in the first few months of your wedding which doesn’t leave a good taste in the mouth.
Written by Damilola Faustino