Today in our personal finance series, we have a contributor article discussing wedding planning – an all important financial milestone for many young Singaporeans.
Last year, I made one of the biggest decisions in my life — proposing to my girlfriend.
She said yes, and everything was incredible. We basked in the glow of engagement. Eventually we started planning the actual day and reality set in: planning a wedding takes so much work!
Amid the overflowing to-do list, a thought loomed: How will we pay for it?
This article was written by a Financial Horse Contributor.
Because, let’s face it, weddings are expensive.
An affordable option is to go with bridal and banquet packages that bundle everything.
Customising means engaging the hundreds of vendors — from photography, dresses, and flowers — that vary in price. We had to work hard to find the ones that fit our vision and budget.
We had to get serious about budgeting and saving to make this work. Neither of us had planned anything of this scale before. We had only gone on holidays together, but this was a five-figure event. We would need to save up for the wedding, having only worked for a couple of years.
During the year we spent planning the wedding, we learned valuable lessons. We scoured the internet for budgeting tips and leaned on our married friends for advice. Slowly but surely, we built a system that worked for us. We figured out where to cut costs, what to DIY, and how to stretch our dollar to achieve our dream wedding with minimal sacrifices.
And it worked! We had an amazing day. Most importantly, we did it without spending too much and started married life on good financial footing.
If you’re overwhelmed
