Today I’m joined by Rachel Cruze, Personal Finance Expert and bestselling Author, from Ramsey Solutions to talk about wedding budgets & awkward money conversations with your partner.
According to a study by SunTrust Bank, money disagreements are the top predictor of divorce, ahead of infidelity and communication problems. The study surveyed divorced adults and found that nearly half (45%) said financial arguments were the most common type of disagreement in their marriage. Not only do I help you enjoy the wedding planning process, but I also want to make sure you stay married! So in today’s episode, we’re talking with one of the biggest experts in the field about those awkward money conversations you haven’t had with your fiance and how to set you both up for financial success long after the wedding.
If today is your first time visiting, welcome! My name is Desirée Adams and I'm a wedding planner based in upstate NY. Through my blog and podcast, Ask the Planner, I share all the tips and tricks I've gathered over the years to help YOU plan an unforgettable wedding.
Wedding Budgets & Awkward Money Conversations with Your Partner with Rachel Cruze: Episode 114
Rachel is a two-time #1 national bestselling author, financial expert, host of The Rachel Cruze Show, and co-host of Smart Money Happy Hour. Since 2010, Rachel has served at Ramsey Solutions, teaching people how to avoid debt, budget, and win with money at any stage in life. She's an energetic and thought-provoking speaker and has been speaking to audiences as large as 10,000 since the age of 15 when she began making appearances with her father, Dave Ramsey. She appeared on Good Morning America, Today, Live With Kelly and Ryan, CNN Tonight, Fox and Friends, and the Rachael Ray Show and featured in the Woman’s Day, Success, and Real Simple magazines. Rachel believes it’s possible for anyone to turn around their finances, win with money, and build a life they love.
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Wedding Budgets & Awkward Money Conversations with Your Partner with Rachel Cruze: Episode 114
Our guest packs this episode with so many amazing tips. Below are the time stamps to help you navigate the episode.
- Meet Rachel Cruze [02:50]
- When should couples talk about their long-term financial goals?[6:08]
- Should couples combine finances before they get married? [11:25]
- What financial milestones should couples achieve before they get married? [17:25]
- Why is it important to talk about debt with their spouse or partner? [19:03]
- What debt should couples pay off before they get married? [22:20]
- What if one person has more debt than the other person? [26:22]
- How should couples figure out what their wedding budget should be? [28:02]
- Should couples take on debt to pay for their wedding? [33:19]
- How do you advise couples stop comparing themselves to others when wedding planning? [35:44]
- Listener Question 1: My partner and I have different financial goal but we have joint accounts. How do we get on the same page? [39:05]
- Listener question 2: My parents are paying for the wedding but his guest list is much longer than ours. What should we do? [41:57]
- Never Have I Ever [44:20]
- “This or That” [47:15]
Connect with Rachel Cruze
- Ramsey Solutions
- Instagram: @rachelcruze
- Pinterest: @rachelcruze
Links Mentioned in the Show
- The Wedding Planning Template Shop Sale is on! — Use the code SEASON4 for 20% off your entire cart.
- Wedding Day Master Organizer and Day-of Spreadsheet
- Money & Marriage Getaway
- Wedding Budget Bundle
- Rachel Cruze Show
- Smart Money Happy Hour
- Wedding Planner coaching service
THANK YOU TO OUR PODCAST SPONSOR!
- Wedding Planning template shop. Use code SEASON4 to get 20% off your entire order including Wedding Day Master Organizer and Day-of Spreadsheet and Wedding Budget Bundle
QUESTIONS?
If you have any questions, DM me on Instagram at @asktheplannerpodcast or call the wedding planning hotline at 585-210-3467.
And that about wraps up today’s episode. Don’t forget this is the last week for our special 20% off sale in the Wedding Planning template shop, including my new Wedding Day Master Organizer and Day-of Spreadsheet which includes the exact same worksheets we use in our day-of production books. And since today’s episode was all about budgeting and finances, be sure to pick up the Wedding Budget Bundle in the Wedding Planning template shop! As Rachel says, a budget gives you permission to spend because you allocate your funds based on your priorities!
And for all my planners out there, now’s the time to get on the waitlist for my new wedding planner coaching service! Whether you’re in the first 1-2 years of your business and you don’t know how to increase your prices, build a team, attract your ideal clients, find your brand’s voice, or you're a little further in your career and you want to take it to the next level with a digital product, start a podcast, or something else, I would love to help you take your business to the next level!
Sign up for the waitlist to get access to lower introductory pricing when doors open this Wednesday, October 11th at verveeventco.com/coach.
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