Or, if your caterer or venue is a restaurant, you can use a card that gives a high reward for spending at restaurants, like the U.S. For instance, since the venue is likely your biggest expense, you can pay for it with a credit card that earns a generous percentage on purchases. Your wedding expenses can become credit card points that can earn you cold, hard cash to offset some of the costs of your nuptials. The takeaway here is to balance what you most want against what you can live without, and spend accordingly. However, paying for these services might mean less fancy place settings or trimming your guest list. For example, top-notch photography and videography can jointly take up about 15% of your budget – and that’s completely okay if that is a big priority. In other words, be ready to cut back on what doesn’t matter much to focus on what matters most. In most cases, you’ll likely have to sacrifice a couple of luxuries for your wedding. A few hundred dollars extra every week can boost your savings, especially when you pair your new income with a trimmed-down monthly budget.
Whether you start a side hustle, earn a raise at your day job, or find more lucrative employment, increasing your income is an excellent way to make your wedding dreams a reality. For instance, a buffet with two protein choices is less expensive than individually plated cuts of beef tenderloin. In addition, you can find savvy ways to reduce costs without skimping. For example, if you don’t need a wedding planner or live band, you can eliminate these from your budget, giving yourself more to spend in other areas. This first step can also help you understand where you can save. By listing every expense, from a videographer to invitation stationery, you can decide how much to spend on each facet of the wedding.
Sitting down with your partner and defining your expenses – such as a specific venue or flower shop – will help you see where your money will go. Īn essential step to achieving any goal is to create a plan, and a budget is exactly that. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now. Fortunately, you can follow these five steps to save money, spend where it counts and afford an enjoyable wedding. Most engaged couples don’t have $30,000 lying around. For instance, a city wedding can cost more than twice that of a wedding in the country.ĥ Steps to Save Money for Your Wedding Expenses In addition, location affects the price of a wedding. Your guest count can also drive up wedding costs. The largest expenses for your big day will include the venue, catering, alcohol, live entertainment and photography.
Here are ways to save enough to pay for the wedding you want.Ī financial advisor can help you create a financial plan for your wedding goals and needs.Ī couple getting married can expect to pay $30,000 for their wedding, according to the Wedding Wire. Your wedding is one of the most important days of your life, but it can be expensive. Unfortunately, rising costs of venues, food and other expenses mean couples might have challenges planning a wedding that meets their expectations. It may be impossible to buy love, but a fantastic wedding is easier had if you can pay for the basics.
#CREDIT CARDS FOR WEDDING EXPENSES HOW TO#
SmartAsset: How to Save to Pay for Your Wedding
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