Tips To Manage Your Wedding Budget

wedding budget

When it comes to weddings, it seems to be very much down to the price tag. More often than not, the most expensive is seen to be the best. However, this is not necessarily true when you speak to the bride and groom after the event that they are still paying for months or even years later.

There are ways in which weddings can be made to look big and expensive, but if you are shrewd, you can carry it all off with a quite modest budget. Looking for second-hand, shop soiled or even rented dresses, for instance, are far cheaper than buying new or having your dresses made for you. This is just one tip to help you reduce the budget. Here’s a few more:

Draw up a detailed plan of what you would like

When you are planning your big day, it is important that you both sit down together and decide what you want to happen and what parts of the day are going to be the most important.

Going into wedding planning with both of you wanting two very different types of weddings can not only lead to big arguments along the way but can mean that you end up spending far more than you originally wanted to just to please the other person.

Once you know what it is that you are aiming for, you can then decide how much is too much to pay for any particular area of your wedding.

Check out your finances

It is a good idea to work out your finances together so that you both know the boundaries of your budget. With this in mind, you may find that a loan for debt consolidation might not only make it easier to track your monthly expenses and could save you money on interest if you have multiple debts to pay. Debt consolidation may lower your interest rate or monthly payment but be sure to consider origination fees and the length of repayment–which can offset the savings or even increase the total you pay over the life of the loan.

By working out your finances, you should also be able to work out how much you can afford to put aside each month to go towards your wedding expenses or repayments, you may find that some venues should happily let you pay for your booking by installments, but it is a good idea to check with your desired venue first to find out what their terms and conditions are.

Ensure that you shop around to get the best deals

You must give yourself time to shop around to get the best deals for your budget. You may find that it works out cheaper and a lot less hassle for you to rent dresses and suits rather than buy new ones. Obviously, different venues have different prices for their packages, and you may find that by compromising on the level of package you get, you could get your dream venue at a lower price.

If you really find that you need to save money, there is always the option of going small and friendly for the wedding breakfast, which is generally priced per head, and then inviting everyone for your evening bash as this might work out cheaper even if you are putting on a buffet-style meal for everyone attending.