Monday 9 December, 2019

Common $en$e: Planning for a wedding

Weddings can be one of the most important days in a couples' life, marking the start of a lifetime together.

If not planned well, however, it can also be the start of combined debt.

The cost of weddings can rack up pretty quickly, but you don't have to start your wedded bliss in financial deficit.

Alicia Nathai-Achong, Senior Manager, Sales Generation at JMMB, shares insight into various items that engaged couples should keep in mind when planning finances for their big day. 

An advocate for saving, Nathai-Achong advised that once cost and timeline have been established, you can gauge the monthly instalment to set aside. Take some time to create a wedding budget and stick to; save to cover costs to avoid debt. 

"Avoid taking a personal loan for your wedding as much as possible," she said. She also strongly advised against using credit cards to settle wedding expenses. 

 

 

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