Getting married is a milestone, but managing finances together is a new adventure. From joint expenses to long-term goals, how you handle money can shape your future.
Whether you’re newlyweds or planning bigger dreams, here are six money management tips to help you build a strong financial foundation.
TALK ABOUT MONEY
Open communication is key to a successful marriage, especially about money. Discuss your income, debts, savings, and spending habits to ensure you’re aligned on financial priorities. Regular “money talks” help both partners stay informed and involved.
CREATE A JOINT BUDGET
A joint budget helps manage shared expenses and save for future goals. List monthly expenses like housing, utilities, and groceries, then divide them based on your income. Tools like Intuit Mint or DBS NAV Planner can help you track spending and stay on budget.
ESTABLISH AN EMERGENCY FUND
Life can be unpredictable, so having an emergency fund is essential. Experts recommend saving 3-6 months’ worth of living expenses. An emergency fund provides financial security during job loss, medical emergencies, or unexpected costs.
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START SAVING FOR THE FUTURE
The earlier you start saving, the better. Whether it’s for a home, children’s education, or retirement, setting aside money for the future ensures your dreams become a reality. Consider CPF contributions or joint savings accounts for long-term security.
MAINTAIN SOME INDEPENDENCE
While joint finances are important, separate accounts allow each partner to enjoy personal spending without guilt. Keep a joint account for shared expenses but maintain individual accounts for personal or “fun” funds.
INVEST TOGETHER
Investing is a great way to grow wealth as a couple. Research low-risk investment options like ETFs or unit trusts, and consult a financial advisor to create a strategy that aligns with both your goals.
IN A NUTSHELL
Managing money as a couple requires trust and teamwork. Use the strategies above to stay on top of your finances. Stay transparent, keep some independence, and enjoy the journey together.
Congratulations on tying the knot! Now comes the real test: managing money as a TEAM. Whether you’re saving for a BTO, cutting tax bills, or just splitting date-night expenses, combining finances is key.
On that note, here are ways to make it seamless and drama-free.
DECODE EACH OTHER’S MONEY HABITS
First things first, how does your partner handle money? Maybe you’re a spreadsheet whiz, but they’ve been winging it with an “I’ll deal with it later” mindset. No judgment here!
Before you start pointing out their questionable spending habits, take a moment. What are they actually good at? Perhaps they’re great at saving or scoring insane deals. The goal isn’t to replace your system or theirs but to create one that works for both of you.
TALK ABOUT YOUR MONEY VALUES
Don’t just focus on what to spend or save, talk about why instead. What matters to both of you? Is it traveling, securing a comfortable retirement, or splurging on coffee from that atas café every weekend?
For instance, I’m all about giving back as a secretary of a non-profit foundation (yes, I know it sounds like a Hallmark card, but it’s true). When my partner found out, he was like, “Wait, we’re giving how much away?” Once we had a proper chat about our values and got on the same page, planning became much easier.
HAVE NO SECRETS AND SURPRISES
Transparency is everything. Lay it all out there: your income, debts, investments, and even that sneaky monthly subscription to a gaming app.
Have debt? Earning less than you’d like? That’s okay. What matters is honesty. The last thing you want is for your partner to find out about a hidden credit card bill. Marriage is about supporting each other, not sweeping stuff under the rug.
SET UP A JOINT ACCOUNT
Sharing finances doesn’t have to be complicated. Start with your combined income and work your way down through expenses. Keep it realistic, and remember that your money should work for you, not stress you out.
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Think of it as a team project (but less annoying than group work in Uni). For example, in our household, we split the bills and stash some cash in a joint savings account. Having that structure has been a game-changer for hitting our goals, like saving for a big trip or investing in that dream flat.
PLAN FOR THE FUTURE TOGETHER
Now that the basics are sorted, it’s time to think long-term. Review your health, life, and home insurance policies, and make sure they reflect your new life as a couple. Have elderly parents to support? Factor that in too.
Financial security is about building a future you both want. With open communication and teamwork, you’ll be ready to handle whatever life throws at you, whether it’s unexpected hospital bills or sudden home repairs.
KEEP IT FLEXIBLE
Managing money doesn’t have to feel like boot camp. Make it a regular thing: grab kopi, whip out your budgeting app, and review your goals. Celebrate your wins, no matter how small, like sticking to a grocery budget or paying off a small debt.
Ultimately, it’s not about being perfect but about being partners. With a little give-and-take (and maybe some bubble tea or artisan coffee as a reward), you can ace this whole money-managing thing.
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Here’s to happily ever after… financially and otherwise!
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Every Singaporean household will receive $300 CDC Vouchers in January 2025.
The CDC Vouchers Scheme 2025 (January) is part of the enhancements to the Assurance Package announced by then Deputy Prime Minister and Minister for Finance Lawrence Wong at Budget 2024. The package provides more immediate support for Singaporean households and helps defray daily expenses.
Starting 3 January 2025, you can visit go.gov.sg/cdcv to claim the $300 CDC vouchers. The process for claiming and spending the vouchers remains the same.
The CDC Vouchers Scheme 2025 (January) are valid till 31 December 2025.
$150 CDC Vouchers 2025 (January) to spend at participating heartland merchants and hawkers
$150 CDC Vouchers 2025 (January) to spend at participating supermarkets
Learn how you can claim your CDC Vouchers 2025 (January).
How to claim and spend your CDC Vouchers 2025 (January)
1: Visit go.gov.sg/cdcv. Tap on CDC Vouchers 2025 (January).
2: Log in with Singpass. Only one household member needs to claim on behalf of the household.
3: Receive your CDC Voucher link by SMS from “gov.sg”. Forward the SMS to share with household members.
4: Select the voucher type and amount you want to use. Show the QR code to the participating merchant to scan.
If you do not have a smartphone or Singpass, or for further enquiries or assistance, visit your nearest Community Centre/Club (CC) or call the PA Contact Centre at 6225 5322.
Finding the ideal wedding venue is a journey of discovery with a mixture of dreams, timing, and practical planning. Your chosen venue sets the stage for your big day, making it a pivotal piece of your wedding puzzle.
Whether it’s a glamorous ballroom or a hidden garden oasis, here’s how to navigate the process with ease and confidence.
#1: SECURE YOUR DATE FIRST
In Singapore, popular venues like The Clifford Pier or CHIJMES Chapel can be fully booked over a year in advance. If you’ve already circled a date on your calendar, don’t delay! Starting early ensures you maximize availability.
For couples with flexible dates, you can get better deals during off-peak months such as February, August, and October. My husband and I, for example, opted for a weekday celebration and saved significantly without compromising on charm.
#2: BUDGET WISELY
Before falling for the luxury of The Fullerton Bay Hotel or the charm of Fort Canning Park, set your budget. Decide how much to allocate for the venue, as it often takes the largest slice of the pie.
Many venues offer bundled packages covering catering, venue styling, and even planning services. Costs typically range from S$1,900 per table for weekday lunches to S$2,200 for weekend dinners. While these packages can save time and money, watch out for hidden fees like audio equipment rentals or corkage charges.
#3: MATCH YOUR VISION TO THE VENUE
Your venue should enhance your wedding theme. Planning a chic, modern affair? Consider venues like The Glasshouse at Andaz or Wheeler’s Estate, which boast sleek, Instagram-worthy aesthetics. Dreaming of a garden party? Gardens by the Bay or Botanic Gardens provide stunning backdrops for nature-inspired nuptials.
When the venue complements your vision, the day feels like an extension of your story.
#4: CHECK THE LOCATION’S ACCESSIBILITY
Singapore’s size works in your favor, but convenience is still key. Venues in central locations, such as Marina Bay Sands or Orchard Road hotels, make it easier for guests to arrive without hassle.
Also, consider nearby accommodations for out-of-town guests. For instance, you can arrange shuttle services to make travel seamless for your family and friends.
#5: CONSIDER YOUR GUEST COUNT
Before scouting venues, estimate your guest list. Spaces like Capella Singapore may comfortably host 300 guests, while smaller venues like Botanico are better suited for intimate celebrations.
For my wedding, the venue allowed up to 120 guests, and we had 110 attendees. While it worked, it felt a bit crowded, especially on the dance floor and during dinner service. From my experience, 90 guests would have been ideal for a more comfortable atmosphere.
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Overcrowding can dampen the experience, while too much space might feel impersonal. Pro tip: Start with a core list of family and closest friends, then expand as needed.
#6: TALK TO A PLANNER
Wedding planners are invaluable guides. They know the ins and outs of various venues, from layout options to logistical challenges. As Alliey Kline-Weichelt, CEO of Alley & Co., puts it: “Planners know the capabilities of a space and what it takes to transform it.”
For our wedding, our planners suggested whimsical, hidden spaces. Their expertise can help you see beyond first impressions.
#7: KNOW THE VENUE’S RULES
Every venue has its restrictions, from noise limits to decor policies. Want a live jazz band or a furry ring bearer? Double-check the venue’s guidelines to avoid last-minute surprises.
For example, some venues in Singapore’s heritage districts have noise restrictions after 10 PM. Knowing these details upfront allows you to plan effectively and ensure a smooth day.
#8: VISIT THE VENUE IN PERSON
Online photos can’t capture everything. Take the time to visit your shortlisted venues. Notice the ambiance, lighting, and layout. Does the space align with your vision?
I remember touring a venue that looked stunning in photos but felt cramped in reality. On the flip side, we fell in love with an understated venue that came to life during our visit.
#9: TRUST YOUR GUT
At the end of the day, your wedding venue is more than just a location. It’s where cherished memories will unfold. If you walk into a space and feel the magic, go for it.
Planning our wedding, we visited venue after venue until we stepped into our dream spot. We knew immediately it was “the one.” Trust that feeling—it rarely leads you astray.
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Happy venue hunting and may your day be as unforgettable as your love story!
Planning your dream wedding in 2025? With Pantone’s Mocha Mousse leading the way in earthy, romantic tones, it’s time to create a celebration that reflects your love story without blowing your budget.
Follow these 8 savvy ways to save money while planning a stunning wedding in Singapore.
#1: ESTABLISH A BUDGET
Before diving into Pinterest boards or venue tours, take the time to establish a clear wedding budget. This should include all potential sponsors: whether it’s just you and your partner or family members contributing financially. Setting a budget is crucial and helps you avoid booking any vendors prematurely. Moreover, a well-thought-out budget ensures that you and your future spouse won’t start your married life burdened by debt.
When my husband and I got married, we initially had a budget in mind, but it ended up doubling due to unforeseen expenses. For instance, we had to accommodate added guests, which increased costs for food, seating, and even invitations. Remember, it’s always better to have a buffer for unexpected expenses.
#2: CUT DOWN THE GUEST LIST
The guest count determines costs for everything from catering to table decor. Keeping it small and intimate is not only trendy but also budget-friendly.
Consider this: A dinner reception in Singapore typically costs S$100 to S$200 per person. Reducing your guest list from 100 to 50 can significantly lighten your financial load while making the event feel more personal.
#3: PRIORITIZE WHAT MATTERS
Your guests will remember the food, drinks, and overall experience, so channel your resources into these aspects. Opt for creative yet cost-efficient catering like live food stations or dessert tables instead of multi-course meals.
#4: SUPPORT LOCAL VENDORS
Working with local florists, caterers, and photographers saves on transportation fees and helps you avoid imported price hikes. Explore bridal fairs in Singapore, ask friends for recommendations, or check online reviews for reliable vendors.
One bride shared: “Our local florist near Toa Payoh saved us a bundle with seasonal arrangements that looked gorgeous and fresh.”
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#5: PLAN EARLY
Planning early not only gives you peace of mind but also helps you lock in rates before prices increase. Book your venue, caterers, and key vendors at least a year in advance to take advantage of early-bird deals. With proper planning, you’ll reduce stress and enjoy the process more.
#6: DIY WHENEVER POSSIBLE
Add personality into your wedding by doing it yourself! Borrow decor from friends or use free design tools for invites. Websites like Canva offer chic templates, perfect for creating personalized wedding stationery on a budget.
#7: ENLIST THE HELP OF TALENTED FRIENDS
Your network can be your secret weapon. Have a musically inclined friend perform during the ceremony or ask an artistic one to create custom signage.
In our current wedding scene, brides are increasingly opting for friends to serve as emcees, saving costs on professional services while keeping the vibe warm and familiar.
#8: REIMAGINE TRADITIONS
Not a fan of spending hundreds on a tiered cake which can cost up to S$1,000? Swap it out for a chic dessert bar featuring macarons, cupcakes, or even a kueh platter that adds a uniquely Singaporean touch!
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Your 2025 wedding doesn’t have to drain your savings as the next marital step is more important. By setting priorities, supporting local businesses, and getting creative, you can craft a day that’s uniquely yours while keeping your wallet happy!
