Following only closely behind matching the colour of your serviettes with the groom’s party cravates in matters of celestial importance on your wedding day, comes the small matter of budgeting and paying for the day’s extravagances. Ok, we mock slightly. It may not be as much fun as picking the wine, but planning the financial aspects of your wedding as part of your start together as a couple is so important we asked TWO of Ireland’s top independent financial advisors for their top tips on planning ahead. First up, Allan Cuthbert of Financial Wellbeing.

When people are planning their big day one important element that is essential to discuss is a financial plan.

It is key for a happy and healthy marriage that you both can discuss your financial position openly. This is not the time to burry your head in the sand and hope the other partner never see your personal loans! Instead you need to sit down and openly discuss the key financial areas in your life.

1. Loans

First step is to write down your mortgage and personal loans to ensure you both know the level of debt you are bringing to the marriage. Make sure your Bank has you on the right mortgage and that you have a plan to clear all personal loans after the wedding.

2. Protection

Your future together also need to be protected against the real possibility of losing your job, become seriously ill and death. I know this is not a nice thing to discuss. How will you cope, do you need additional protection or is the cover you have sufficient.

3. Will

Another must at this stage is making a Will. It is also cheaper to get a Will made now then having to apply to the courts for your right to your partners assets. Your solicitor should write you a Will for free or minimum cost so give your solicitor a call.

4. Savings

My last tip is to set up a joint bank account. You both have access to this and get your wages paid in to this account each month. All your household bills, mortgage payments, loans need to paid from this account too. Close off all other bank accounts, laser cards, store cards, etc. Each month it will be easier to manage your day-to-day finances and to see if you are building up a good level of savings.

Your financial plan will be the road map to a happier future and will stop many serious arguments regarding money.

Allan Cuthbert QFA is an Independent Financial Planner and specialises in helping young couples become more financially secure. He offers a free service that reviews couples mortgage, protection and saving needs and assist couple in planning a brighter future together. For more information visit Financial Wellbeing.