How To Recover From Wedding Debt
Many couples are dreaming of a nice wedding with enough guests to attend and the right food in the perfect place. But this dream can very costly and may even create big debt. Experts suggest that the couple should talk things first before coming up with the decision. Creating a wedding budget will help them with the expenses. A budgeting worksheet can be found at Google docs. If the couple knows where their cash goes into every month they can easily find where they can cut back to be able to put the saved cash to pay off their debt.
Excerpt:
“In some instances, that calculus may lead us to rely on savings for a big expense instead of borrowing. Or we might downsize the expenditure in order to cut the level of debt we need to finance it. Or we might decide not to borrow money for it at all.”
Original article can be found at:
http://money.cnn.com/2011/07/22/pf/expert/debt_wedding.moneymag/index.htm
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