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Written by John Kozero
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With the average cost of a formal wedding now topping $20,000, many modern brides-to-be have begun worrying as much about possible financial loss as about the choice of bridesmaids.
For instance, a serious illness in the family could force postponement of the nuptials, forfeiting thousands of dollars in non-refundable deposits to the caterer, the hall and other vendors. Or, suppose that tipsy Uncle Festus broke his leg doing the Break Dance at the reception hall; that could prompt a big bill for an ambulance trip, not to mention potentially sticky liability problems Or suppose Mother Nature threw a temper tantrum with a hurricane, earthquake or snowstorm closing down civilization and preventing attendance at the wedding. Or suppose the wedding gown were ripped by a furniture splinter. Or unexpected job loss or relocation delayed the wedding. Or a fire closed the reception hall. Those are just a few of many misfortunes that can be covered by insurance.
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Written by Admin
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Don’t Let the Recession Blues Impact Your Big Day!
You’ve been dreaming about and planning your wedding since you were a little girl. Who knew an economy, like no other one in history, would have to be a factor in your special day! Unfortunately, reality is that, just like everyone else, brides and grooms, have to plan with our challenging economic times in mind. JoAnn Latorraco, General Manager of The Waters Edge at Giovanni’s, notes that while the economy is having an impact on some couple’s wedding day plans, there is a way to create the event of a lifetime, and stay within your newly trimmed budget. “Brides and their families are getting creative when planning a wedding in today’s economy,” said Latorraca. “There are useful ideas that can help young couples save money, yet still create their dream wedding.”
1. Carefully review your guest list. Limiting the number of guests quickly brings down the cost of a wedding. In the past couple of decades, it was not unheard of to have a wedding with 300 people. Now, couples want to create greater intimacy by making sure that their guest list reflects those closest to them.
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Written by wedalert
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BBB Advice on Purchasing Wedding Insurance
Some good advice from the Better Business Bureau about Wedding Insurance.
With the number of commercial bankruptcies on the rise, some brides and grooms are getting burned by bankrupt vendors. Because of the weak economy, couples might want to consider wedding insurance and Better Business Bureau is offering advice on purchasing coverage for the big day.
The number of businesses filing for bankruptcy was up 47 percent in February over the previous year. While more well-known company filings like Ritz Camera make the headlines, many smaller, independent businesses are also struggling in the current economy. And BBB has certainly had complaints filed about bridal boutiques and venues that suddenly closed up shop leaving engaged couples in a bind. According to Travelers Insurance, more than 40 percent of all Travelers' wedding insurance claims filed during the past two years involved unforeseen problems with vendors and venues, some of which went bankrupt in the worsening economy.
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Written by Ayman
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resolution to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of the new year. Here are my seven key to getting ahead financially.
1. Get Paid What You're Worth and Spend Less Than You Earn
2. Stick to a Budget
3. Contribute to a Retirement Plan
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