Many couples dream of a perfect wedding and a luxurious honeymoon as they believe these things to be once-in-a-lifetime moments that they simply cannot miss out on. While planning for these can be exciting, it is also easy to lose track of expenses as your plans spiral out of control. As a young couple, you don’t want to start your life together on the wrong note by racking up unsustainable debt.
By setting a budget you are both comfortable with, and being thoughtful and creative at the planning stage, you can still have a beautiful wedding and an unforgettable honeymoon.
You can also apply this to all aspects in your life after your wedding. Setting monthly budgets for fixed financial commitments such as your home loan, utilities, food, transport and other items, will allow you to get a good understanding of much you can afford to save and how much you can set aside for discretionary spending for the little luxuries we live life for.