Getting engaged is the start of a new chapter, and with it comes an important conversation: your finances. It’s essential to approach financial planning as a team to ensure that both the wedding and your future are financially secure. While it’s exciting to dream about the big day, you also need to balance your vision with your budget. Setting a realistic wedding budget is one of the first steps in the planning process. Start by identifying your priorities—what aspects of the wedding are most important to you both, whether that’s the venue, the food, or the entertainment—and allocate funds accordingly.
In addition to budgeting for the wedding, it’s important to think about your long-term financial goals as a couple. Discuss future plans, such as buying a home, saving for children, or retirement, and create a plan for how you’ll manage your finances together moving forward. Having these discussions early in your engagement will set the tone for your financial partnership, ensuring that both of you are on the same page and making decisions that align with your shared vision for the future.