Brides- and grooms-to-be gathered on a Sunday afternoon this April for An Event to Remember, a bridal fair hosted by Anderson Rentals, with displays featuring everything a lucky bride could want for a fairy-tale wedding.
Among the wedding venues represented were The Barn Event Center, Capitol Theatre, Top of the Plaza, Sampson’s Hollow, House on the Hill, and Country Manor Acres. Caterers armed with trays of samples presented couples with nearly unlimited options, among them a “candy buffet” from Simply Southern Catering Connection; delicious cakes, hors d’oeuvres and more from First Fruits Bakery and Catering, and equally impressive offerings from Occasional Catering, The Palace Café Uptown and others.
Photographers presented displays of their best work, while special exhibitors like Simplicity Wedding Planners and Dandy Lions offered their wares and services to the couples. The fair offered brides a chance to explore everything from invitations to cosmetics, jewelry and hair design. Anderson Rentals, of course, had wedding tents, lighting arrays and sound systems on display for the couples to experience. With door prizes, cake tastings and music by Fuller Lights and Sound, An Event to Remember Bridal Fair was a wealth of information for the happy couple.
After the weddings, however, newlyweds may be in need of some sound financial advice. A recent Condé Nast study found that the average wedding costs more than $28,000, and while the large majority (82%) of couples makes budgets while planning to the wedding, it may still be difficult to recover financially from the expense.
Local financial firm LeConte Wealth Management has some tips for couples just starting out and trying to set up a financial household with a new spouse:
• Formulate attitudes and a shared commitment about money as a couple.
Individuals often view money and financial issues (income, expenses, debt, saving, investing, etc.) differently. As a couple consolidates households, resources, incomes and the like, it also is worthwhile to develop likeminded attitudes about money.
•Develop a financial plan with a "team” approach.
By developing a plan early on about how both the husband and wife would deal with financial opportunities and challenges, a couple is more likely to succeed in meeting financial goals. Take a “we” and “ours” approach, and avoid a “mine” and “hers” / “his” approach.
•Adhere to financial priorities.
1. Develop a budget that allows for money to be placed into savings every month.
2. Build an emergency fund.
3. Define savings goals (such as a new home purchase, starting a family, education and retirement savings), and develop an investment strategy (remember to take advantage of employer-provided savings plans).
4. Establish a protection plan (prepare for uncertainties with insurance, either personal or employer-provided).
5. Draft estate documents, such as wills and powers of attorney, to reflect the new marital status of both the husband and wife. Review and update all beneficiary designations.
“Proper planning can help alleviate the anxiety and stress associated with finances, especially for couples just starting out together,” said Kevin Painter, managing partner at LeConte Wealth Management.
For the full press release containing these tips, visit www.lecontewealth.com. LeConte’s website also offers free online financial calculators for auto, investment, loan, mortgage, personal finance, retirement distribution, retirement savings and personal savings needs. LeConte Wealth Management, LLC is located at 269 Cusick Road in Alcoa.
Anderson Rental is located at 418 Marilyn Lane in Alcoa, and can be reached at 865-984-7368 or through www.andersonrentalco.com