Drew White with Northwestern Mutual shares how couples can prepare financially for their upcoming nuptials.
The article from Fox6Now discusses the financial aspects of planning a wedding, emphasizing the importance of setting a budget early in the process. It highlights that the average wedding cost in the U.S. is around $33,900, but costs can vary widely depending on location and choices made. Key advice includes prioritizing expenses, considering a longer engagement to spread out costs, and exploring cost-saving options like off-season dates or smaller guest lists. The article also suggests using tools like wedding budget calculators and consulting with a financial advisor to manage wedding finances effectively. Additionally, it touches on the importance of discussing financial expectations and contributions with family members who might be involved in funding the event.