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4 Ways to Budget for Your Wedding

8/6/2018 11:19:27 AM

4 Ways to Budget for Your Wedding

Tips to plan your dream wedding

Q: I’m ready to tie the knot, but I don’t know if I can afford a wedding! How can I cut costs without compromising on my special day?

A: You don’t need to skimp on the wedding of your dreams or go deeply into debt to pay for it. By planning ahead, choosing wisely and prioritizing what’s truly important, you can say “I Do”without stressing over wedding costs.

Here’s how:

  1. Time it right Think off-season and mid-week, and you’ll save a bundle! You’ll shave thousands of dollars off the venue price by choosing an unusual time of year to get married. Think beyond Saturdays. If you can find a venue with a vacancy on a Sunday, grab it! Venue prices drop dramatically with just a one-day switch. You can also opt for a mid-week wedding that precedes a national holiday date, like July 4th. This way, your guests will still be able to enjoy the evening without rushing home.
  2. Skip the cake A slice of dessert for $2.50 that doesn’t even taste good? Meh, who needs it? Here are some other ideas:
    • Fake your cake. If you can’t stomach the idea of a cake-less wedding, ask your baker to fake it for you by creating a false cardboard bottom for your cake and only baking a genuine top layer or two. You’ll get the same look without the huge cost.
    • Set up a dessert bar.You can serve hot waffles, brownies, pies or chocolate chip cookies with ice cream, caramel sauce and a selection of other fun toppings. You’ll pamper your guests at a fraction of the cost!
    • Serve a sheet cake or cupcakes instead.Your guests will be happy to savor a slice – even without all that fondant and frosting.
  3. Save on your gown Save big on your gown by looking for a pre-owned gown on eBay, OnceWed.com or PreOwnedWeddingDresses.com. You can often find a beautiful gown for under $100! Repurpose someone else’s wedding gown.
  4. Vary your venue Save a ton by choosing a venue that has no outside contracts. This way, you can shop around for the cheapest caterer, photographer and DJ. If you really dare to be different, have your wedding in one of these budget-friendly venues:
    • College campus or museum. You might even be able to snag a student discount!
    • Vacation home. Rent a vacation home and let it serve as your wedding venue, lodging for out-of-town guests and a honeymoon destination for after the wedding.
    • Military base. – If sponsored you will receive a military discount
    • Hospitality room using someone’s Home Owners Association (sometimes costs are waved)
    • Cruise ship before leaving on honeymoon
    • Small ceremony at all-inclusive resort before honeymoon

Are you ready to start your dream wedding? Contact us today to learn about our personal loans, and low-interest credit cards.