How to have the best Wedding on a Budget
A wedding is one of life's major events and worthy of the best investment you could manage. You and your partner are about to take the plunge but you know it is going to cost you. How do you get a memorable wedding day without carrying a heavy debt load for many years? If you have a small budget for your dream wedding, then you will need to plan carefully to get the most out of your finances. While big, elaborate weddings may seem like the ultimate choice for the bride and groom to be, they are not for everyone or every budget. A wedding on a small budget can be just as fulfilling as a large expensive wedding when you consider that by being frugal, you are practically debt free when you start your new life together.
Making an actual plan is your first step in planning your wedding on a small budget . At this stage, you don't necessarily have to plan the entire wedding; you just need to know what kind of wedding you want, how you are going to pay for the wedding of our dreams and what you need to do to get what you want.
Budget for your wedding. Planning your wedding required you to make a budget. Once you have a plan in place about the kind of wedding you want and what you are prepared to spend on a wedding, you need to create a budget. Budgeting helps you stay focused on the prize. If you plan to spend $10,000 or $15,000 on your wedding, put it in writing, break it down and budget a little extra for the unexpected. The budget is essential to planning a wedding on a small budget.
Take the cash . If your wedding is more than a year away, you can save money by asking for birthday, Christmas and other gifts in the form of cash. Your friends and family will understand that you need the cash to help with your wedding as opposed to a wool sweater that you may never wear. With cash instead of things you really don't want, you are better able to put money aside for those wedding essentials.
Open aWeddingAccount . Whether you are the couple getting married or the parents of the couple, it is a good idea to open a separate bank account for your wedding. Here you will plan to deposit X number of dollars weekly or monthly to be used only for wedding expenses. The wedding account will keep your wedding expenses separate from your day to day expenses and as such you will be in a better position to follow your plan.
Pay off your credit card balances . You can save a lot of extra cash for your wedding if you are not paying exorbitant credit card interest. Minimize the use of your credit card during this period and try to pay down your balance which will free up cash for your wedding.
Cut back on non-essential spending . Do you really need that extra pair of shoes or trip to Las Vegas before the wedding? Remember, your wedding is perhaps the biggest day of your life so by cutting back on some non-essentials, you will ensure you have the best day ever. A little sacrifice will help you save more of your money for your big day.
Your wedding day is a big event and the start of your new life as a couple. There will be other major events in your life; the birth of children, the purchase of a home and manycelebrations.Planning for your wedding on a budget can mean starting your new life together on a financially sound footing.
