Walking Down The Aisle Soon

posted on Feb 1, 2019

Financial Pro tips every lady should know before saying I do

You must have been the happiest lady in the world the moment your other half went on one knee and made it known that he would love to spend the rest of his life with you. The amazing moment right?

While you can’t wait to get over with planning the wedding ceremony and walking down the aisle to say I do to begin your happily ever after, you should take a moment to consider your financial situation before going ahead to spend for your big day.

Some years ago, a lot of ladies leave the men to worry about the finance and everything therein, but now it is totally different now. The truth is, you also want to be independent financially and don’t want to depend on your future husband for everything when you get married

And if you are not sure of how to go about your finance as a lady below are some tips to help you get started.

Do you have debt?

Before you go ahead to call the best wedding planner in town, check again if you have unpaid debt. Not just you, confirm if your future husband does not have unpaid debt. If you have debt, try as much as possible to pay it off before planning and paying for the wedding. You don’t want to start your marriage with bills and financial pressure.

What is your credit score?

Your credit score is very important and that is why you need to pay off your loans before you go ahead with your wedding. By now you should know that your credit score is determined by how you have been able to repay your loans as and when due.

Again, this is important for both of you. Your score and your spouse’s score will be important in determining whether you qualify to get a loan, such as a mortgage. If you are planning on making any large purchases which you would sooner or later, you should ensure that any negative and/or incorrect information is taken off both your credit score and that of your soon to be husband, if possible, before getting married.

Budgeting

If you and your other half do not have any loan to pay off, then you can dive right into budgeting. Although it is important you this part together, before you do that, you should be able to analyze what you would need to start living together, most especially because what you would need is quite different from what your other half would need.

Merging two financial lives is not always easy, even if you have already begun living together. You must learn how to budget. Sit down to discuss each other’s financial obligations and what you can do to make sure all obligations are met on both sides.

State your long-term financial goals

At this point, you should have an idea of where you want to be in 5, 10, 15, or 20 years from the day you say I do. Before you go ahead and exchange your vows, be sure you to clearly state your long-term and short term financial goals and discuss them with your other half. You might want to go back to school or do a more professional course to boost your career, all these should be stated and discussed in details with your other half.

Discussing these plans can help you merge and find the middle ground so that your joint financial plan works for both of you.

Finally, while it is better to get started with this before you get married, it is important to know that you would often have to revisit the subject to create revised goals and a realistic plan you both can follow through with and stick to, but for now, start with this.