Eight Tips to Manage Your Wedding Finances
We have all dreamt of a magical fairy-tale wedding. After all, it’s a once-in-a-lifetime experience, and who doesn’t want to feel special on their big day? But, that kind of wedding comes with a heavy price tag. So, before planning your wedding, sit down with your partner and have a detailed conversation about your finances. Discuss with them what they have in mind for the wedding and how much you both are willing to spend on it. Understand what matters to your partner, explain your point of view, and spend smartly.
- Make a Budget
Don’t just go with the flow. Make a budget for your wedding expenses, and do not go beyond it even if you have the money. You can use an app or go the traditional way by writing down all your expenses in a book. Identify what is important and unimportant for you and where you do not mind splurging a little. Then, plan how you will save up for all these expenses and pay for the wedding. If your parents will help pay for some of the costs, ask them how much money they be spending. Confirm these amounts before making any big decisions.
Remember, the key is to follow the budget religiously. And do not get distracted by any wedding inspirations you see in a magazine or social media.
- Get a Loan
If there isn’t much time left for your wedding, you might have to get a loan to manage the spending. Look for low-interest wedding loans that won’t have in debt for the next decade or two. Nectar’s low interest wedding loans will be your best bet if you are looking for low-interest loans that you can apply for online and even receive the same day. The best part is that you get to decide the time you will take to return the amount.
Getting a loan will solve all your financial problems in a go. Without worrying, you can make all the bookings for the venue, photographers, food, etc.
- Wedding Cards
It’s all about e-invites these days! They are an eco-friendly and cheaper option. Many companies make lovely wedding e-cards and online RSVPs for couples to send to all their guests. However, if you want to keep things traditional and opt for paper invitations, do not buy the first one you like. Instead, look around and search a little more to find the best prices available. Also, keep the design simple, so the card doesn’t cost a lot. Wedding cards are the first thing you want to tick off your list; thus, keeping them budget-friendly is a must.
- Venue for the Wedding and Reception
The venue is one of the most expensive decisions you will have to make regarding your wedding. Of course, we don’t expect you to comprise the venue of your dreams. However, you can compromise on the day and time of your wedding. This is because wedding venues are often cheaper off-season. They are also cheaper on weekdays than on weekends. But if you want to go for the weekend, then Friday afternoon and evening as well as on Saturdays during brunch time are cheaper options.
Moreover, another great way to cut costs is to have your wedding and the reception at the same venue. This will save travel money. You will also get a greater price if you book the same venue for longer hours than if you book two different venues for shorter hours.
- Catering and Decorations
Don’t go overboard when it comes to food and decorations. Instead of a food bar, have a dessert bar. Everyone enjoys a great variety of desserts. Also, this option is fantastic for you because it would cost lesser. And regarding food, you can have a vegetarian option and one or two more dishes for your guests. These will be served to them at their table. This way, less food will get wasted, and you won’t have to pay for 6 or 7 dishes.
Go for one centerpiece on one table and readily available flowers like roses. You can also have lanterns as decorations as they are cheaper and look beautiful.
- Wedding Favors
Wedding Favors have been a trend for a long, and we do not expect you not to follow them. Nonetheless, we advise you not to just throw away your money on this item and try to save. Edibles such as chocolates are an affordable yet good option that your guests will surely like. Additionally, if you want to go for a bit pricier favors, then limit one favor per couple to remain within budget and save a bit. And if you are open to the idea of entirely skipping party favors, we are totally on your side.
- Music and Photography
If you are willing to spend a lot on music and photography, then go for the professionals in the field. Although, we would advise you not to do that. Hire a photographer still in university. We are sure that he will capture great pictures at a much more reasonable rate than a professional. You can even give disposable cameras to your guests to click photos of the event.
When it comes to music, you can always get a DJ. They can play any music you want and are light on the pockets. Another great option is to go for local bands. They sound great but haven’t been discovered yet, so they’d cost you much lesser. Eight Tips to Manage Your Wedding Finances
- Wedding Planner
Now we know having a wedding planner is a bit expensive. But no one’s asking you to hire one for a start-to-finish full-service. Instead, there are wedding planners that provide services for the last two months that lead to your wedding.
These planners are more affordable and handle almost everything so that you can take care of yourself before the wedding. They look after all the wedding arrangements, audit your contracts and ensure that everything on your big day goes smoothly. They will look after the tiniest details and ensure everything happens on time so you can be a happy couple and enjoy the party.
Wedding planning can be stressful, and taking care of finances may give you some serious migraines. However, we hope our little ways of cutting down money will help you plan your dream wedding and make the process a little smoother.
Eight Tips to Manage Your Wedding Finances