Showing posts with label planning. Show all posts
Tips For Planning A Budget Wedding
Every woman has fantasized about her wedding day from the time she was a little girl. It’s supposed to be the best day of your life. But when you’re young, your fantasy was most likely far greater than what you can afford on your current budget. It’s no fun when reality hits. But just because you can’t afford to fly your entire family to the Caribbean doesn’t mean you still can’t have a beautiful, memorable wedding while working within a tight budget. You’re just going to have to get creative and think outside the box a bit. The average wedding in 2012 cost just shy of $27,000. Don’t have that kind of money? Let’s get to business.
Make the Hard Choices
Remember your great aunt Claudette that you met one time when you were seven years old? She’s probably not going to be able to go to the wedding. The biggest contributor to out of control wedding costs is the guest list. Remember, for every person that goes you need to provide food and drinks. They also contribute to the headcount that you’ll need to take into consideration when renting a hall. The bigger the hall, the bigger the cost. It’s best to resign yourself now to the idea that you’re going to have to make some tough choices when deciding the final guest list. Invite the people most close to you.
Buy an iPod
With DJ costs being what they are, it makes sense to just program a playlist and have one of your friends keep an eye on the iPod if changes need to be made. Honestly, you’d save yourself a ton of money if you opted not to hire someone to encourage all of your guests to form a conga line. Let them form their own conga line. Besides, don’t you want all of the music to be what you and your spouse like?
Give Your Mailman a Break
By all means, find a business that can set you up with creative “save the dates” that you can send out to your guests. Let them really display your personality. But then, that’s it. There’s no need to follow up with an elaborate invitation. They cost money and people already know when the wedding is. If you break tradition on this one, you’ll save yourself some cash. Save the dates are much more modern and they can break the style rules when it comes to sending an invitation.
Those are just some tips to follow for having a great, cheap wedding. Food and drink are a major expense, so your best bet is to just shop around. See if a local restaurant that you like will do it for cheap. With some research and some footwork, you’ll have a memorable wedding that doesn’t break the bank.
How to Pay Back a Debt
Paying back a debt may not be as easy as acquiring it and this is why many people avoid getting themselves into debts such as loans or mortgages. However, once the borrower finds ways on how to pay back a debt, one day at a time, it becomes much easier to settle the debt. Debt repayment requires a lot of budgeting and a person who is smart enough to prioritize the things he requires will have an easy time getting out of a debt however big it may be. Below are some tips that are important for a borrower to consider when planning paying back his or her debt.
1. Understanding the debt owed
* Avoiding the debt or pretending there is no debt does not help the situation since the debt will remain there and most probably increase.
* The person should get to know the entire amount he or she earns and how much the credit card has listing every debt for each card or loan.
* Once the figures have been added up and the borrower knows how much he has to pay back, he can now find ways of paying back the debt one day at a time.
2. Classifying debts according to priorities
* Once all debts are known and the amount of money they cost each, they should be prioritized depending on various factors.
* The high interest debts should ideally be the first to be paid back while those that affect the individual’s tax return should be paid the last.
3. Earning more to repay the debt
* Once the prioritization has been done and a clear guideline is designed on how to repay the debts, the person can look for sources in his budget that can pay back the debts.
* More money can be found by reducing unnecessary expenditure such as partying costs and dinner dates among others.
* One can also get extra money to repay his debt by finding a job that pays better, getting a second job or starting a business that will bring in more money.
* A home equity loan can also be acquired and be used for paying back the debts.
4. Debt renegotiation
* Renegotiating the debt repayment terms is also another wise way of faster debt repayment.
* A huge amount of money can be saved if paying back the debt in pump sum saves on the interest that would have been charged if the debt was to be paid back on monthly basis.
Paying back a debt is not a hard thing to do if the tips above are followed to the latter. The most important thing that should be considered when planning to easily repay a debt is the needs and the wants in life. Categorizing activities into the wants and needs groups will enable one to define what things are more important in his or her life and which ones can be shelved for some time until the debt is fully settled. People should therefore not avoid taking loans or mortgages since they are designed to help people out. The only lacking ingredient to a stress-free life is a smart way of paying back the debts acquired.
