The wedding is one of the significant milestones in life. It is a special day, and that is why everyone looks forward to making it memorable by going all out to make it big and memorable. Everyone dreams of a big wedding, beautiful cars, gorgeous flowers, a lavish reception with hundreds of guests to share in the joy of their special day. However, all those big wishes cost a lot of money. Although it seems brilliant to have a glamorous wedding, nothing is encouraging in starting married life in debt since arguing over money is the root of most divorce.
It is, however, wise to start your married life on a firm footing by planning and having enough savings for your dream wedding. To guide you in planning your wedding, here are 6 ways to save for your dream wedding and avoid starting out with huge debts and bills to settle.
- Start Saving
An average wedding costs about $40,000. You should start saving towards the amount if you do not have that sum already, else, you may end up borrowing. As soon as you have your wedding in sight, start saving at every opportunity that comes your way. Have regular amounts of cash you will be saving into a special account for your wedding. Ask around; you can even find a savings account paying a nice interest rate. Hire a financial advisor to help you plan out your finances when it comes to saving.
- Have Priorities
A wedding has several aspects that require a lot of cash. However, you should prioritize certain aspects to cut down on expenses, and yet have a memorable day. Wedding aspects you can prioritize include wedding videography, wedding photography, dresses or clothing, transport, ceremony, reception, wedding rings, and entertainment. Allocate more fund to aspects with higher priorities and reduce spending on the rest.
- Have a Budget
Consider your estimated savings and the cost of the prioritized aspects of your wedding to create a workable budget for your wedding without breaking the bank. Having created a budget, make sure you stick to it under any circumstances.
- Do It Yourself
While the popular belief is to hire an event planner to handle your wedding from A to Z, there are several things you can do by yourself to save money. You could ask someone you know that can make a fantastic wedding cake to help you with one and other things you ask family, friends, and relatives to help you do.
- Negotiate
As you are trying to stay within budget, negotiate with any wedding service providers you contact for reasonable prices – bridal stores, caterers, florists, car rental companies, wedding videographers and photographers, reception halls, and lots more. Tell them you are looking for god prices to make your choices.
- Cut out Statement Items
As you are trying to save money for your wedding, you have to remove certain statement items from your list. You can drop buying a designer wedding dress and choose the “off the rack” dress and still look fabulous while you save money.
Start your home on a firm financial footing by following the 6 ways you can save for your dream wedding.
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