Sunday, June 30, 2019

Five Tips For Budgeting A Wedding

A wedding of any size is going to be expensive. From just the wedding venue hire to catering, you could be spending thousands on just a few elements that go towards the big day. Here are five tips for budgeting a wedding. 

Create A Budget And Stick To It

Budgeting is something that's beneficial for everything in life, whether you do it on a personal level or at work. It helps you to avoid spending beyond your means and its good to have it all laid out visually in front of you so you know exactly how much you have to spend. When it comes to the wedding budget, set an amount for each element and stick to it. Always provide an estimate that's at the top end of what you think it would cost so that you've got a pleasant surprise when it comes in under budget. 

Know Where To Splurge And Where To Save

There are aspects of the wedding where you could save yourself some money. Things like wedding invitations and dressing the venue can be done on a smaller budget, but it's good to also splurge on the bits where it makes a difference, for example, the best wedding bands to offer from Alive Network. Music is certainly an important part of the wedding day and it’s one part that your guests will remember and appreciate the most. Your wedding dress and groom attire is also a splurge as well as the wedding rings.

Get Help From Family And Friends

This is the moment you find out whether your friends and family members have talents that you can take advantage of or not. Maybe they have the ability to craft decorations or are a natural in the kitchen. If that’s the case, get help from your nearest and dearest and they will surely want to help out in any way they can. You can end up cutting costs and saving a lot of money by getting help from those willing to do it for free or for a small fee.

Avoid Taking Out Any Loans

Loans shouldn’t really be take out for a wedding. They should be viewed as something that’s done in an emergency and therefore you should avoid taking out any loans during your wedding planning. If you’re needing extra funds for a temporary period, using a credit card is much more beneficial. 

Put A Cap On Your Credit Card

Credit cards can certainly come in handy when there's one big expense that can't be covered with your usual paycheck. However, to help yourself out, it might be a good idea to put a cap on your credit card spend. You shouldn't really have a limit that's beyond what you earn per month, so use this as a guide when adding a cap onto your credit card limit.

Budgeting for your wedding will be a challenge but at the end of it, you’ll have a day that you will both remember for the rest of your lives.

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