4 Quick Tips When It Comes To Paying Your Wedding Bill

If you’re lucky, your parents will be footing the bill. However, in recent years, wedding costs are divided among family members from either side willing to “pitch in,” and the bride and groom have been picking up the majority of the tab. In a perfect world, you already have all the money you need saved in the bank, and if you don’t, the time to start saving is now.

• Quick Tip 1: Get a comprehensive look at all of your finances. Is there money that you’re spending that you could be saving? Could you skip your daily coffee purchase or bring your lunch from home? By using a tool like, FinanceWorks, you can get a comprehensive snapshot of all your finances on one screen. It will allow you to see where your money is going and let you set spending goals. If you could use some help with your budget, Sharon Credit Union partner GreenPath Financial Wellness can help you understand your finances and develop a personalized budget for the big day.
• Quick Tip 2: Savings can come from everywhere, even your debt. How much interest are you paying on your car loan, student loans, mortgage, or credit cards? Consider refinancing your auto loan or mortgage for a lower rate. Look for ways to refinance and/or consolidate your student loans. GreenPath Financial Wellness offers Student Debt Counseling services to help you understand and weigh your options. Sharon Credit Union also offers a private student consolidation loan. If you have high-interest credit cards with balances, a low rate balance transfer or consolidation could save you interest and reduce your monthly payment amount. At Sharon Credit Union, our low rate Visa® credit cards offer an introductory 0% APR* on balance transfers and purchases for the first twelve billing cycles.
• Quick Tip 3: Once you know how much you can put away each week, make it easy! Set up a weekly direct transfer from your checking to your savings. The SCU Direct Savings Account offers a higher dividend rate than a regular savings account. All you need is a Sharon Credit Union Checking Account; and a preauthorized weekly or monthly transfer and you’ll be on your way to automatic savings!
• Quick Tip 4: Do you (or your parents) have equity in your home? With a low rate Home Equity Loan or Home Equity Line of Credit at Sharon Credit Union, you can let the equity in your home work for you by borrowing against the value of your home to have the wedding of your dreams. In any and all cases we would be happy to discuss your options with you. Visit one of our local Sharon Credit Union branch locations, give us a call at 781-784-7725 or visit us online at www.sharoncu.com.

*0% introductory rate for purchases, balance transfers and cash advances for the first 12 billing cycles after account opening. After 12 billing cycles, your APR will be 9.49% -17.99% depending on your credit worthiness. This APR will vary with the market based on the Prime Rate. Visit our web site for current rates, card options, and terms and conditions.