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Speaking as a bride-to-be, it's easy to go overboard when planning your wedding. Getting married is an emotional time and the wedding industry has us wrapped around its $40 billion finger, insisting we spend every last penny to ensure the most perfect day. In fact, the average … More »Costly wedding mistakes to avoid
Not that long ago, finding crazy-unique ways to save money was never on my list of things … More »How to live on 50% less cash
Smart shopping is sometimes all in the timing, and if you're currently in the market for … More »5 things to buy in February
- By Farnoosh Torabi, Yahoo! Finance – Financially Fit – Thu, Feb 16, 2012 2:18 PM EST
Speaking as a bride-to-be, it's easy to go overboard when planning your wedding. Getting married is an emotional time and the wedding industry has us wrapped around its $40 billion finger, insisting we spend every last penny to ensure the most perfect day. In fact, the average wedding costs more than $26,000 - even more in pricey cities like New York and LA. But remember, you're getting married, not weddinged! Here are 5 costly mistakes to avoid when planning your Big Day.
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1. Assuming You Have to Stick with Tradition
You may be pressured to do things a 'certain' way by 'certain' family members, but if you're footing the bill, you get to decide. Keep in mind that a traditional sit-down reception and multi-tiered cake can easily add up. A recent Bride Magazine study found that the average reception costs $13,367 and a wedding cake $480. To save, consider having your wedding on a night other than Saturday. Or, rather than offering a full meal, why not throw a chic cocktail - By Financially Fit – Financially Fit – Thu, Feb 16, 2012 3:11 PM EST
By Lisa Cash Hanson, Sarah Lybrand
Not that long ago, finding crazy-unique ways to save money was never on my list of things to do. I was working as a celebrity impersonator in Las Vegas, and the dough kept rolling in. But suddenly, my husband and I received the greatest news of our lives - we were expecting a baby!
There comes a moment in every successful soon-to-be mom's pregnancy when she asks herself, "Do I keep working this job…or stay home to raise my child?" When I rolled this question around in my head, I knew my singing and traveling gypsy days were numbered. I loved performing, but being able to spend time with my daughter meant so much more.
So, I hung up my rhinestones and feather headdresses, and immediately went into savings mode. We'd now be living on one income, a whopping 50% less than we were used to. Such a dramatic change in our finances would require both some creative thinking -- and some serious negotiations.
Some people like to use the word "budget"
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If you've been putting off having the money talk with your spouse, you could be putting your relationship in jeopardy. Financial psychologist Brad Klontz offers pro tips to keep your finances - and your marriage - in check.
1. "Let's talk about financial baggage." "You don't truly know each other until you discuss your individual spending styles and financial goals, and come clean about any debt," says financial psychologist Brad Klontz. "Being honest about how money was handled in your family growing up can also help your partner begin to understand any money hang-ups you bring to the relationship."
Related: 26 Fun, Cheap Date Ideas
2. "Let's talk about spending limits." Decide together what qualifies as a big-ticket purchase requiring approval by both partners. "Many acts of financial infidelity take place because couples don't have an explicit understanding about how much they'll spend or save," says Klontz.
3. "Let's talk to a pro!" If you hit an- By Farnoosh Torabi, Yahoo! Finance – Financially Fit – Tue, Feb 14, 2012 3:46 PM EST
Smart shopping is sometimes all in the timing, and if you're currently in the market for certain items, now may be the most strategic month to strike. Here are five of the best things to buy in February. Read the article hereRead More »
- By Seventeen Magazine – Financially Fit – Thu, Feb 9, 2012 8:27 AM EST
Just because your bank account looks a little grim doesn't mean you can't afford a Spring Break getaway. With a little bit of research, and some creativity, you can have a kick butt vacay! Keep reading for our tips on having an inexpensive, yet awesome SB!
1. Be Open-Minded
Groupon, the website that offers serious discounts on things like haircuts, restaurants and fitness classes, also has discounts on hotel rooms. Sign up for the Groupon Getaways email list, and get daily deals for travel. While there may not always be a discount for the exact place you've been dreaming to visit, checking out the deals opens up your eyes to so many potential vacay spots! The offers change daily, so keep a lookout for something that appeals to you. Gilt Group's Jetsetter is another site that provides similar discounts.
TIP: Check airfare prices for your destination before committing to the deal. You don't want to be stuck with a hotel room, but no way of getting to it! Also, be sure to check
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What is the best way to cut wedding expenses?
