According to a recent on-line poll, 44% of engaged couples planned to pay cash for just
about all of
their wedding expenses. Twenty-nine percent expected to use credit cards, and 27% said
they
would take out a bank loan to cover the cost of their nuptials.
Not smart.....
First, you'll start your married life in debt, which will only get worse if you start charging
things like home furnishings or honeymoon clothes.
Second, credit makes you more likely to overspend. If you pay cash, you can stick to a $500
budget for the wedding cake. But plastic makes it easier to make a snap decision to go for
the $800 cake. Yet using credit cards for wedding expenses does protect you from fraud.
Set money aside and use one credit card. As soon as you become engaged, it's a good idea
to open a bank account that's dedicated to only your wedding expenses.
Some couples like to use one particular credit card and charge all wedding expenses on it.
Using one credit card will help you keep track of your expenses.
Taken from BridalGuide.com
about all of
their wedding expenses. Twenty-nine percent expected to use credit cards, and 27% said
they
would take out a bank loan to cover the cost of their nuptials.
Not smart.....
First, you'll start your married life in debt, which will only get worse if you start charging
things like home furnishings or honeymoon clothes.
Second, credit makes you more likely to overspend. If you pay cash, you can stick to a $500
budget for the wedding cake. But plastic makes it easier to make a snap decision to go for
the $800 cake. Yet using credit cards for wedding expenses does protect you from fraud.
Set money aside and use one credit card. As soon as you become engaged, it's a good idea
to open a bank account that's dedicated to only your wedding expenses.
Some couples like to use one particular credit card and charge all wedding expenses on it.
Using one credit card will help you keep track of your expenses.
Taken from BridalGuide.com
Putting the Wedding on Plastic
| Copyright © 2009 Carolyn Burke - Wedding Liaison |
