As we near the height of wedding season (May through July), those getting married should think about more than just the dress and the flowers. “Everyone planning to get married should sit down and discuss their finances and how they approach spending versus saving,” stated financial advisor Christopher Krell, CFP, CFS. Krell specializes in bringing couples and families together to communicate about finances, discuss current and future financial planning, and prepare for and prevent the potential pitfalls that are common for those who are not financially prepared. A 2012 study, published in the Family Relations journal, came to the conclusion that arguing about money is the top predictor of divorce. “Examining the Relationship Between Financial Issues and Divorce” was authored by researchers Jeffrey Dew, Sonya Britt and Sandra Huston of Kansas State University. “In many cases, these couples could have avoided divorce if they’d communicated from the beginning, had a good financial plan and aligned their finances,” advised Krell.
It’s estimated that more than 2 million couples will tie the knot in 2016 and, of those, more than 800,000 are likely to get a divorce or annulment. Krell advises couples that are getting married should:
For more information on Christopher Krell visit www.cassaday.com/who-we-are/our-team/Staff/Krell-Christopher.
Top photo by:Kallima Photography
The Dress Matters Blog
Blog of the elegant bridal boutique located in Media, Pennsylvania (Suburban Philadelphia). The owner of the boutique was selected 2017 Entrepreneur of the Year by the Delaware County Chamber of Commerce. We carry bridal, bridesmaid and prom dresses. Special services include Girls Night Out, Bridal Assistant and On-Site Alterations.