It’s no secret that weddings are expensive – or at least they are if you want them to be a big celebration. It’s possible to save a lot of money, but you have to be willing to make things low-key. While that’s suitable for some couples, it’s not what many want. If your wedding looks like it’s going to cost a little more, there are some major expenses you need to think about. You have to put a lot of thought into them and consider some primary factors in your decision making. If you’re ready to get your financial management hat on, take heed of some of this advice.
The Rings
The rings are one of the only things couples keep from their wedding day. You might also put your dress away somewhere and perhaps have some other mementos. But you’ll both be wearing your rings every day, presumably. So they’re without doubt one of the most significant purchases. However, the average spend on wedding bands is usually a lot less than on engagement rings. Perhaps this is because a lot of couples select plain gold bands, or because they buy two rings at once, so it’s better value. If you buy your engagement ring together, think about whether you want to focus on that over the wedding bands.
The Dress
Traditionally, men rent their suits or tuxes, while the bride buys her dress. And boy, can they get expensive. It can be tough to find a dress you love that won’t cost you a lot of money. It pays to be prepared by budgeting a significant amount for your outfit. If you’re hoping to be more budget conscious, there are things you can do. You can avoid looking at dresses that are specifically for brides. You can still find beautiful white dresses that cost a lot less because they don’t have the word “bridal” on them. You can also choose something less traditional and avoid anything white or floor-length.
The Venue
When it comes to the wedding party, the venue is your biggest expense. You might need it to host 50 or more people. Plus, you might be looking at booking some rooms for some of your guests too. It can be difficult to save money on the venue when you have a set number of guests you want to invite. One of the biggest factors you can take into account is the date of your wedding. Spring and summer are often much busier times when it can be more expensive to book the dates you want. Brush up on your negotiating skills too, so that you can try and get your money’s worth.
The Honeymoon
It might not technically be part of the wedding, but your honeymoon is still a significant expense. Of course, you can save money by going somewhere cheaper. But the reality is that a lot of couples have a dream location. If you want to budget it better, look for awesome travel deals at the right time. Even better, try entering some competitions to win your honeymoon.
If you want to spend your money wisely, plan out your wedding purchases carefully. You can make sure every penny works as hard as possible.
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