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Planning your marriage – Managing your money

When it comes to planning your marriage, managing your money may be the last thing on your list. However, in this blog we look at the financial planning you will need to do as a new partnership together and why advice from a financial planning consultant is a good move.

Planning your finances

Why See a Financial Planning Consultant?

Congratulations, we hope this will be the start of an amazing life journey for you both.

Many people will tell you that the first step you need to do now, would be to draw up a list of things you need. The list for some couples can be endless and depends upon your finances and family situation.

However, the one thing that is missing from all of these lists is the Warrington Financial Planning consultant you should speak to before you even start thinking about the wedding. If you have agreed to spend the rest of your life with “the one”, then make sure your finances are planned now.

Discussing Money with a Financial Planning Consultant

However difficult it may be to discuss money, these are some of the things you will need to tackle head on when discussing future security with your financial planning consultant before the wedding:

Who will do what

  • Talk about money and the impact of living together, what fears do you have, be honest and get it out in the open?
  • Who will manage the money each month? Check the statements and plan the budget for the following month?
  • Who will pay the bills each month, some can be set-up via standing order or direct debit, but what about the ones that cant.


  • Who earns the most? Do you know what income your future life partner has? Is this secure, how safe is their job? What would happen to you both if one of you lost their income?
  • Do you receive a pension from a deceased spouse, will this stop if you get married or become civil partners?
  • Does your partner have his or her own business? What would happen if it went bust?


  • Start looking at how much your joint life together will cost and can your outgoings be met from your current income?
  • You can use a budgeting tool, or simply forecast it using a spreadsheet or pen and paper.


  • Buying a new home together, when will it happen, what about the deposit where will it come from, where can you both afford to live?

Bank accounts

  • Opening a shared bank account to pay the monthly bills, do you wish to do this or not?
  • How much will you have in an emergency fund and how will that be funded?

Who will pay for what?

  • Will expenditure be paid equally or is one person paying more than the other?


  • What will you do with personal debts you have amassed before becoming a couple, or will you consolidate this or simply pay the debts yourselves?

The future

  • Make wills to ensure your loved one inherits what is rightfully theirs on your death.
  • Potential inheritance in the future, would this simply come into the joint finances or do you plan to use your family wealth for yourself. Read more about estate planning on our Wilmslow estate planning page.


  • Children if you have them, who will pay for their upkeep? What about current maintenance grants or income from a previous partner, will this stop once you get married or become civil partners?
  • Child benefit, if one of you earns more that £50k per annum, then the family will lose child benefit for all children when you become legally married/civil partners.

Assets you own

  • Property ownership, who will legally own any homes/property/assets you may have prior to meeting, as the laws of survivorship (this comes into force if you have not made a will) will dictate who inherits your assets should you die.

As you can tell, there is more to this that a simple chat over a meal. However, if you do the legwork now, with the help of a financial planning consultant, it will make your relationship even stronger in the future for you both.

If you need someone to help guide you through the process, an outsider who can see all your finances together and produce an independent plan, then book a FREE financial planning review with a qualified independent financial planning consultant today.

Warrington IFA Assured Wealth and Estate Planning an independent financial planning company helping couples and individuals alike see their financial future. You can speak to any of our Warrington financial advisers by calling 01925 396122


As another handy tip, we have also looked at the wedding day and here is a list of things to consider:

12 Months before the big day

  • Book a venue for your wedding
  • Finalise the guest list
  • Send out a save the date cards or emails


9 months before the big day

  • Book a photographer
  • Arrange to visit the catering company
  • Arrange to visit a florist
  • Choose the dress
  • Book the honeymoon
  • Book the catering
  • 6 months before the big day
  • Book a florist
  • Choose a hairstylist
  • Choose a make-up artist
  • Remind out of town guests to book accommodation
  • Choose your gift list
  • Go for a 2nd dress fitting
  • Choose wedding rings
  • Order wedding cake
  • Choose bridesmaids dresses
  • Book transport for the day


3 months before the big day

  • Discuss the services and banns with your minister
  • Select hymns and order of service / choose readings if desired.
  • Ensure passports are valid for your honeymoon
  • Arrange for a tasting of the food to be served
  • Discuss service details with ceremony officials
  • Send out wedding invitations

2 months before the big day

  • Meet photographer to decide on what types of photos you want (a storyboard) and to advise of the key people at the wedding.
  • You should meet at the venue if you can.
  • Draw up a wedding day timetable
  • Book a make-up trial session
  • Book a hair session and be sure to take any veils/headpieces you will wear
  • Organise Hen Do
  • Organise Stag Do
  • Buy gifts for bridesmaids / parents of the bride and groom
  • Contact photographer to re-confirm booking
  • Contact hair stylist and make-up artist to re-confirm booking
  • Contact your florist to re-confirm booking

1 month before the big day

  • Go for final dress fitting
  • Ensure you have paid all of your suppliers
  • Give notice of marriage to your local register office (unless you are marrying in the Church of England/Church of Wales)
  • Confirm honeymoon bookings
  • Ensure that you get your engagement ring cleaned

2 weeks before

  • Sort out local currency for your honeymoon
  • Wear in your new wedding shoes
  • Pick up wedding rings

1 week before

  • Reconfirm details with your venue (dates, times, location, contact numbers)
  • Finalise seating plan
  • Write place cards
  • Reconfirm details with photographer (dates, times, location, contact numbers)
  • Organise for note or gift to be delivered to your partner on the wedding day
  • Pack for your honeymoon and ensure you leave all details with a friend in case of an emergency
  • Reconfirm details with hairstylist & make-up artist (dates, times, location, contact numbers)
  • Ensure your waxing/tanning is completed
  • Have your teeth whitened
  • Reconfirm details with photographer (dates, times, location, contact numbers)
  • Pick up wedding dress
  • Reconfirm details with photographer (dates, times, location, contact numbers) + advise on final numbers, and any special dietary requirements
  • Arrange to have your wedding cake delivered to your venue
  • Make up the favours for your wedding day

1 day before

  • Help decorate the venue
  • Ensure your nails are manicured
  • Run through the order of the day with the bridal party to ensure everyone knows what their roles and responsibilities are
  • Get an early night


On the day

  • Stay calm and enjoy yourself!


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