The months leading up to your wedding can easily be among the most exciting times of your life. You are–as you should be–filled with happy anticipation. You, your family, and your friends plan the magic touches for the ceremony and celebrations surrounding it. You look forward to the upcoming bachelorette party, rehearsal dinner, and unforgettable reception. In your free time, you watch videos and devour wedding-related content online; Pinterest, YouTube, and Instagram are your daydream playground. And you just can’t stop gazing deep into the eyes of your loved one.
Something that can dampen all of this bright festivity is the shadow of debt. If you have amassed a great deal of personal debt over the years, that debt can diminish the joy of wedding planning, wedge itself in between you and the people you love, and cause many a heartache. As you’ve probably heard, one of the main reasons otherwise perfect marriages run into trouble is financial difficulty. It’s important that you work to fix your financial picture before the big day.
Set Pre-Wedding Goals
Depending on how far in advance the date has been set, you may have a shorter amount of time to “whip yourself into shape” financially than you’d like. There is no time like the present to get started. Dive headlong into the project of turning your financial situation around with the same enthusiasm you muster for planning the other aspects of your wedding. Set new financial goals and work towards them fiercely.
Organize your finances by creating a budget, keeping track of your spending, and paying off your debts. At the beginning, this can feel overwhelming; large journeys do. However, if you break any large task into a series of much smaller steps, you have a higher chance of success.
Sometimes paying off your debts isn’t so easy. Fortunately, there are companies like Polo Funding who can help you consolidate your credit card debt. These companies allow you to ditch the variable and high-interest rates that you’re probably paying to the credit card companies. Instead, they give you a manageable monthly payment at a more reasonable low-interest rate, allowing you to see light at the end of the tunnel.
Start Saving… and Make it a Habit
Sadly, it has become less “normal” for Americans to save money. Our costs of living–from housing to transportation to medical expenses–seem to be rising. This is especially true in some of the bigger cities, such as Los Angeles, Portland, New York, Miami, Chicago, and so on. If, after you’ve paid your monthly bills, you want to go out for dinner with your friends or buy a new outfit, you probably have to put it on a credit card.
Somehow you need to shift your relationship with money and stop spending what you don’t have. Instead, set aside what you do have. As an example, if you were to set aside $100 a month (roughly $50 a paycheck), you’d have an extra $1200 a year in savings. That may not sound like so much, but it’s a start.
Build an Emergency Fund
As you work to get back on track financially, one of the first projects you focus on should be building an emergency fund. Set aside money to give yourself (and your new partner) a financial cushion in the event of unexpected situations like an expensive car repair or a sudden job loss. A financial cushion can go a long way towards reducing the kinds of stress that make good marriages go haywire. An emergency fund can change an unforeseen trip to the veterinarian from a financial catastrophe to something you can take in stride.
Is Polo Funding Worth the Hype?
This is a valid question, but perhaps the more important one is whether you want to get yourself out of debt more quickly and for less money. With wedding bells in your near future, you might not have the luxury of trying to handle a mountain of high-interest credit card debt “a little at a time.” Companies like Polo Funding help consolidate your credit card high-interest payments into one simple, fixed-interest loan.