Wedding

Crunching dollars and planning weddings: How to financially plan for the big day

8/4/2017

(BPT) - Attending most weddings, with the exception of your creepy uncle’s third marriage, is great. You eat free food, get to dance to music and leave without having to take part in the cleanup or the costs.

It gets a little different when you’re the one footing the bill. Then you’re confronted with 127 different invitation styles, a guest list that keeps growing and awkward phone calls to cousins to tell them they can’t bring their bratty 7-year old twins.

Falling in love might have been easy and making the decision to spend the rest of your life together was probably a no-brainer. However, celebrating your love and funneling all that joy into one beautiful ceremony and one memorable party is where things get a little more complicated.

As a leader in creating credit scoring models and educating consumers on credit, VantageScore Solutions shares how important it is for couples to agree on how to manage their finances.

So let’s get into it and look at some of the financial topics you and your partner should go over.

Paying for your wedding

No doubt how to pay for your dream wedding will be one of the first conversations you'll have with your loved one. Some people have months, sometimes even more than a year to plan and save up for the big day. Other times you may need to make a deposit or pay for something upfront and you might not have the cash to do it.

This is when you reach for your credit card.

Even if you don’t plan to use a credit card, it’s more than likely you’ll have to put some things on credit. This might include just about anything you purchase online, from the cute decorations you find on Etsy or novelty gifts you find on Amazon. In addition, many venues require you to have a credit card on file.

The point is, it’s likely that at some point you’ll use credit to pay for your wedding. When you do this, both you and your partner need to be aware of the potential perils of racking up debt. Provided you can responsibly manage the debt and have a plan to do so, your credit score won't decline, which can lead to more purchasing opportunities in the future.

But first, you need to talk about credit with your partner.

The talk

Talking about credit might not exactly be a champagne and strawberries moment, but it is probably one of the most important discussions you can have.

Because it might be hard to get started on this topic, many couples find it’s easier to start by taking The Credit Score Quiz. This 12-question quiz is easy to take and can do a lot to reveal the knowledge gaps you and your partner may need to fill.

While the quiz is a great way to get started, resources like The Score, a monthly newsletter from VantageScore Solutions that covers all things credit, can help you continue on your conversation and guide you on your journey.

So while you’re debating what shade of off-white is right for your invitations, take the time to talk and use these credit-related resources. After the big day has come and gone, you’ll be glad that together, both of you were smart about your finances.



The new urban destination that has the web buzzing

6/1/2017

(BPT) - There was a time when cities like Paris, Berlin, New York or Tokyo were at the top of many travelers' lists. The glamour, the glitz and the history of these cities lured many, but times have changed and more people are eager to discover some of the lesser known gems. Cities that, though smaller and less renowned, are just as stunning and full of surprises.

One of these treasures is Minneapolis, Minnesota.

Also known as Mill City, the Mini-Apple, or the City of Lakes, Minneapolis is home to a vibrant music scene, miles of bike trails, a community of creative entrepreneurs and an energy that you just can't find anywhere else. It’s true that a lot of people shy away from the winters, which can be fierce, but those who go during the summer usually leave with plans to return. Here are five reasons why.

  1. The amazing music scene. With large venues such as Target Field and the U.S. Bank Stadium, big-name superstars regularly visit the city. But locals will tell you it’s the numerous smaller venues that make a night out in Minneapolis such an unforgettable experience. From the legendary First Avenue, where Prince began his career, to smaller settings like the Fine Line Music Café or Dakota Jazz Club, there’s live music for everyone.
  2. A new sports stadium. When the U.S. Bank Stadium opened last year, Minneapolis had a new home for the Minnesota Vikings and could brag about having one of the most state-of-the-art football stadiums in the country. But football is only part of the story. In this sports-crazed town you’re only ever a few miles away from world-class hockey, basketball, baseball, soccer and lacrosse.
  3. An innovative culture. With dozens of theater companies, art museums, galleries and creative agencies, Minneapolis has earned a reputation as a city oozing with creative energy. And it happens on all levels. Take the new Radisson Red Minneapolis. Located right in the heart of downtown, Radisson Red was designed to revolutionize the travel experience and enhances the stay experience through art, music and fashion. In addition to the stunning mural in the lobby by local artist Adam Turman, the re-energized rooms feature inspired designs. If guests get hungry, the OUIBar + KTCHN features freshly prepared local fare and an expert staff that can tell you all you need to know about the city.
  4. Food and brews. An epicenter of dining, Minneapolis has kept pace with the coastal dining scene and in many respects, has outpaced other cities due to the availability of local food from the surrounding area. And if you’re a beer lover, be sure to block off an afternoon or three to tour the many nationally recognized tap houses in town, including the funky Dangerous Man Brewing Co. and Young Joni, where the head chef Ann Kim was recently honored by the James Beard Foundation.
  5. A city that caters to the outdoor adventurer. Visitors are usually surprised by how many people they see biking around Minneapolis, and can enjoy the hundreds of miles of bike lanes and trails by renting a bike from one of the many kiosks around the city. If you want to mix things up a bit, numerous outfitters offer kayak tours of the Mississippi, or you can rent a stand-up paddle board at one of the many city lakes.

We could go on, but it might be more fun to make your own list of favorites by visiting Minneapolis yourself. Summer is here, so book a room at the new Radisson Red Minneapolis, stay in the heart of downtown, and discover one of America’s great cities.