Many men, offering their lady to marry, think mostly about the future and about the need to start a family and raise children. Women, of course, also think about these things when it comes to marriage, but they will never forget to mention, perhaps the most important ceremony in their lives. Then the young people are already beginning to discuss their common finances and present what they can count on. A lot of time may pass from the decision to get married to the marriage itself, but not everyone has time to save up the necessary amount. Therefore, many decide to take credit for the wedding. It is good when close people and relatives can help, but sometimes you have to take a loan.
If you decide that you need extra money, first of all, you should deal with your overall financial situation. In addition to helping you decide on the loan amount, it will give you useful information about each other and help you avoid unpleasant surprises in the future.
Discuss your shared budget.
Believe it or not, many couples get married without knowing the full financial picture of their partner. It may indeed seem difficult to discuss money in such an exciting time, but it is important to know what you get financially. Do not forget, the key element in creating relationships is communication, so it’s worth getting to a great start and covering the most important points.
Talk about credit cards
Maybe you or your partner, or both of you made some mistakes with credit cards in the past. If so, then you are not alone. According to statistics in May last year, each family has an average of 100,000 rubles. credit card debt. It is important to find out how much debt you have and how this may affect your finances when you get married. If you have several debts, you can transfer them to a total personal loan. This can help you save on interest and pay off debt faster.
You have worked hard to get an education. Often it turns out to be somewhat more expensive because you have to take a loan for education. In many ways, our economy repeats the events taking place in Europe and America. This happens with loans and debts of the population. According to statistics, as of 2015, Americans owed more than $ 1.2 trillion in Payday Loan. It will be very helpful to calculate how much each of you owes and include the monthly payments in your total budget after you get married. Stable payments are the key to creating a good credit history, which will increase your chances of getting a good mortgage rate and other loans in the future.
To get a loan for the wedding
What kind of lifestyle do you want to lead together, and how much can it cost? How much do you earn and how does this situation change over time? Do any of you have any additional financial obligations such as alimony or help to family members? Discussing such questions, you secure the trust, expenses and incomes and you can create a budget together. You must strive to have a holistic picture, where each element is individually stable and organic with others. If you see that together it will be easy for you to keep a budget, but now finances are not enough – you can safely take a loan for the wedding.
Now, before the wedding is a good time to discuss your future, including its financial component. Answer the questions: what do you want to experience together? How do you plan to work when you have children? Where do you see yourself in the future, do you plan to rent or buy an apartment? Determine what steps you should take to realize your goals. If you do not know where to start, a financial adviser will help you.
Do not let money and financial issues load your future. Do not leave such questions un-judged. Don’t forget about the many financial programs that exist today to help you accumulate your funds or refinance debts.