There are many things to consider when you’re planning a wedding for yourself or your children. We can help you check off at least one thing from your list – ensuring that you have the money to make it the wedding of your dreams.
Planning a wedding
Speak to your Member Service Advisor about your wedding dreams and plans. Your advisor can guide you through some of the key questions you’ll need to consider:
- Have you determined a budget?
- Are you paying for the entire wedding yourself?
- Will you have enough time to save for the wedding?
- Will you need to borrow money?
- Do you have a credit union MasterCard to use for a deposit on a banquet hall?
Planning your honeymoon
See Planning a Vacation to ensure your honeymoon is the trip you’d hoped for.
Organizing your finances once you’re married
Once you’re married, you may want to have joint accounts. A joint account makes it easier to deal with joint expenses such as rent or mortgage payments and bills. Each spouse may also want to maintain a separate account in his or her name, as protection should something happen to your partner. It also enables you to maintain independent credit ratings.
You’ll also want to take care of administrative details, such as changing beneficiaries on your RRSPs and insurance policies, and changing your name and address (if applicable). And, don’t forget about the merits of spousal RRSPs.
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