How to financially prepare for your big day

January 24, 2018 GMT

Spending too much and saving too little for your upcoming big day? Getting out of your current financial rut can feel daunting without the right habits and tools. Here are five ways to improve your financial plan as you and your future spouse prepare for your wedding.

1. Set goals. What do your plans include? Determine what your dream wedding looks like and start by identifying your goals clearly. Then, figure out how to get there.

2. Plan smarter, not harder. The right tools on-hand can make the business of financial planning easier. Consider such tools as a multi-functional desktop printing calculator. A calculator with two-color printing in red and black, exchange calculation and tax calculation can help you stay organized and accountable during your engagement.

3. Follow the money. Take a deep look into your spending habits. While A $5 cup of coffee or a lunch out with coworkers may not seem like much at the time, indulging in these expenditures five days a week will really add up over time. Think of all the money that can be put toward saving for the ceremony and reception by making small changes to everyday habits. For example, pick one or two days a week to enjoy a lunch out with friends, but bring your own lunch the other days of the week. Skip the pricey latte and get yourself a thermos, so you can enjoy coffee brewed at home on your commute.

4. Analyze your expenses. New apps and websites that connect to all your finances, including bank accounts, savings, credit cards, student loans and more, can help you track your expenses and create and manage your wedding budget. Graphs and charts help you understand all facets of your finances, so you can be more in tune with where your money is going, helping you navigate a plan to use it more wisely.

5. Make a change. Want to put your money to use in a way that won’t put a strain on your wallet? Certain apps automatically round-up the leftover change from the purchases you make with your debit cards, and that change can then be put toward something else -- like flowers, a venue or even your wedding cake.