There are lots of expenses in life that are big one-time costs. While it’s nice to avoid these big investments on a regular basis, it can be difficult to be ready for them because they require a different kind of planning. Buying a house, having a baby, planning your wedding…The list goes on, but the money doesn’t. So how do you plan for these types of expenses? We like to apply many of our same budget practices to saving for big purchases and then some, so we’re ready when the time comes. As we plan for different big expenses, here is what we do.
I mentioned that my husband and I worked very hard to create a budget-friendly wedding that was exactly what we wanted. I think we all get caught up in the magic of the moment and think a wedding has to be spendy to be memorable. That’s just not true. The various components of our wedding were so simple yet so unique to us that it made the wedding very personal and fitting to us. If you want to make your wedding budget-friendly, try a few (or all) of these tips!
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So I understand that discussing how to begin planning may seem somewhat unusual, but with as large as an undertaking as a wedding is, it should make sense. Especially if you are trying to create your dream wedding while sticking to a budget, planning is important. In fact, I cannot stress it enough. Plan, plan, plan, and plan again. Let’s just break down that process a little and see what you need to do first as you begin preparing for (or dreaming about) your wedding.
If I were to list the number one most important thing for maintaining a budget (and living contently) it would be to live within your means. Honestly, one of the easiest ways to bust your budget and to become discontent is constantly wanting and buying things that are outside of the confines of your budget. So, if you often run out of money before your run out of month, you’re likely living beyond your means and need to reign in your spending a bit. Learn how to live within your means, and you’ll be surprised at how much you actually do have.
I don’t know about you, but for the past several weeks, every time I walked out of the store having spent even just $20 more, I cringed a little. Now, let’s get one thing straight, I wasn’t cringing because I don’t like spending money, and I certainly wasn’t second-guessing buying gifts for others or purchasing food items to celebrate a wonderful holiday with the ones I love.
My problem was that old “b” word – the budget…That’s not to say that we didn’t have money set aside for Christmas. I just was thinking about the aggressive financial goals we set earlier in the year and what we weren’t doing at this time of year to achieve those. Now that the holidays are over, though, and we’re headed into the new year, I am ready to get back on budget and to buckle down to reach our goals! Continue reading