Planning for a wedding can be very expensive and there is the temptation to go for the most expensive option. If you have a set budget and are looking to save money, here are some options that will make your big day cheaper so you have more money to spend on other areas.

Getting married comes with a lot of expenses, some of which are unforeseen: You’ll need to decide on a location, a caterer, a florist, possibly a band or DJ, and wedding attire. This is why it’s crucial to have a plan in place to save for them, so all of the expenses that go into making your wedding memorable won’t put you (or your family) in debt for years to come.

You can use these methods to prepare for your wedding and set aside money to cover your necessities.

Best Money Saving Tips for Weddings

You can only benefit from a budget if it is practical and realistic. Over half of couples increase their budgets while preparing, and 74% of couples end up going over budget. The typical couple underestimates their wedding expenses by 45%.

Talking about the type of wedding you want is the first step, according to Cowles, in determining your budget. She advises couples to first take a seat and consider the big picture of their wedding. “Are they picturing a sophisticated soirée in a ballroom? Something informal in a relative’s backyard? An overseas wedding? They must create a rough guest list in conjunction with their vision for the wedding based on who they would like to invite because this will have an immediate impact on their financial situation.

It goes without saying that a backyard wedding with 20 or 30 of your closest family and friends will be significantly less expensive than a black-tie event with a guest list in the hundreds. According to Cowles, you should divide your guest list into three categories: close family and closest friends, close friends and extended family, and coworkers or passing acquaintances.

The next step is to work toward obtaining a per-person estimate upon which to establish your budget. Here, it’s crucial to identify every expense you expect to incur for the wedding in great detail. The cost of all the tiny things is frequently forgotten, according to wedding planner Hayley Devlin. “Smaller stuff like decorations, wedding favors, and props can considerably increase the budget, but big-ticket items like the ring, the caterer, and the dress are easier to plan for because they’re so obvious.”

Setting Priorities

It is an enchanting occasion, a time of great joy, when the promise of your eternal love is sealed in marriage and you enter into a lifelong commitment. Yet, the journey to that joyful day is marked with a myriad of financial tasks that you must shoulder. Living the life you want requires careful budgeting and spending, especially when planning for a once-in-a-lifetime celebration like your wedding. The costs are not only high but also increasing as every year more people get married.

You and your future spouse might need to set priorities when you total up the expenses. Make a list of all the things you want to spend money on, even if they seem unnecessary. Then, go back through the list and separate the items that are a must from those that you can do without affecting the big day.

If you are having difficulties staying within your budget, think about whether you can save money by handling some of the charges yourself. You might be able to cut costs by crafting your own wedding favors or table centerpieces rather than purchasing them. Alternatively, you can spend less on the rehearsal supper by having a backyard BBQ or potluck instead of sending your guests to a pricey restaurant.

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Divide the budget into specific savings objectives.

It’s easy to get swept up in the excitement of being out on your own and having money to spend. But if you don’t plan ahead, you could find yourself spending more than you planned. So it’s important to break down your budget into target savings goals.

For example, if your goal is to save $100 a month, then you would have to find ways to cut back on purchases so that you have room in your budget for savings. Consider this: If the average student spends $1,200 per month on rent, food and other expenses, they’ll need to cut their expenses by $200 per month in order to save $100 per month. This can be done by choosing cheaper housing options or eating at home more often instead of going out.

Once you’ve figured out how much money you can afford for savings each month, make sure it gets taken out first when you get paid each week or bi-weekly so that there’s no temptation to spend it!

When calculating your monthly or weekly savings contributions, consider whether they are feasible. If you and your partner are unable to consistently save that amount, you have two choices: downsize the wedding to lower costs (and the amount you need to save), or think about postponing the wedding to give yourselves more time to accumulate savings. Although the second choice might not be the best, it might be the preferable alternative if you don’t want to deviate from your overall wedding concept.

Save for your wedding in the right places.

Before you start making regular contributions to a wedding account, decide where you’ll keep it. There are three basic options: a separate checking account, a savings account, or a money market account.

A separate checking account is the easiest way to set up your wedding fund, but it comes with some drawbacks. You’ll pay fees for each transaction and for the account itself, and you won’t be able to access that money without penalty until after your wedding day arrives. Plus, if your bank gets hacked or goes out of business—which has happened before—you could lose all of your money.

If you want quicker access to your funds and don’t mind paying more in exchange for more flexibility, consider opening up a savings account instead. These accounts offer low interest rates but don’t charge fees for withdrawals or transfers between accounts—and they won’t disappear on you if something goes wrong with your bank.

If you prefer peace of mind over the highest interest rate possible (or if you just want something simple), go with a money market account that doesn’t charge any fees but still offers higher interest rates than savings accounts do.

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Pick the right time and look for wedding discounts.

If you’re getting married soon, you might be worried about how to save money. That’s understandable—especially if you’re planning on going all out with the decorations and the venue. But we have some good news: there are ways to save money on both of those things!

First of all, get the timing right. If possible, plan your wedding during the off-season. If you’re lucky enough to live in a place where there are several seasons, take advantage of that fact—you can often get discounts if you book at an off time of year. You might have to make some compromises in terms of weather or what kind of flowers are available at that time, but it’s worth looking into.

Second: look for deals! There are plenty of companies that offer wedding packages and deals on everything from flowers to catering services. Don’t be afraid to ask around either—there’s probably someone who has heard about something amazing that you can use for your wedding without having to pay full price for it.

According to Winkfield, the season of the year you choose for your wedding might have an impact on your spending. Wedding season typically lasts from late spring through early fall (June and September are peak months), thus delaying until the middle of the winter may result in lower costs as providers may lower their pricing in response to lower demand.

When arranging a vacation for a destination wedding, think about going during the off- or shoulder-season when hotel and flight prices often drop.
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Once the date is set, make every effort to time your wedding expenses as closely as you can to seasonal sales.

Go digital with your invitations

Invitations are a big part of the wedding planning process, and they can be expensive—especially if you’re having a larger event. But you can get around that by going digital!

You can order invitations online, which can save you tons of money on paper and printing costs. Plus, it’s much easier to make changes to wording or other details when you’re working with digital files than it is when you have actual invitations in front of you.

Plus, once your guests RSVP digitally, they’ll be able to use their phones to check-in at the reception venue, so there’s no need for additional seating cards or anything like that. Just make sure everyone has an email address because that will be how they RSVP.

Paper wedding invitations are unquestionably quite beautiful and meaningful to certain couples. However, they aren’t the greenest option and may be very expensive, especially if you’re having a large number of guests. If you’re not committed to the idea of IRL invites, this is an expense you just don’t need.

Digital invitations may be just as lovely as paper ones, too. For example, Paperless Post will animate your invitation opening for the recipient, or you can buy stylish designs from Etsy to send to your guests.

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Cut the guest list – and the bridal party

Cutting the guest list is one of the best ways to save money on your wedding. You can always throw a second party later if you want.

If you have a big family, it might feel like cutting the guest list is impossible. But consider this—you probably have friends and family who could use an invite to your wedding for their own reasons. Are there any coworkers or acquaintances who would enjoy attending? Even if they can’t come, maybe they’d be willing to send a gift or write a letter.

The same goes for the bridal party—if your bridal party consists of just one or two people, it’s probably not worth it! Cut down on the amount of money spent on each attendant by having fewer attendants in the first place.

Whether you like it or not, the more guests you have, the more expensive it will be. To cut costs on food and drink, think about having a smaller, more private wedding. Less bridesmaids and groomsmen mean less money to spend on attire, accessories, hair, and cosmetics, but you can still incorporate them in other ways, including by having them read aloud throughout the ceremony.

Conclusion

Getting married comes with a lot of expenses, some of which are unforeseen: You’ll need to decide on a location, a caterer, a florist, possibly a band or DJ, and wedding attire. This is why it’s crucial to have a plan in place to save for them, so all of the expenses that go into making your wedding memorable won’t put you (or your family) in debt for years to come.

You can use these methods to prepare for your wedding and set aside money to cover your necessities.

As you have gathered, there are a lot of ways to trim costs while still having a beautiful wedding. You can cut the guest list down to exactly what you want, or have a small but elegant ceremony and reception.   You can have a beautiful cake, but instead of going to a bakery, you can make it yourself. The possibilities are endless, and it all depends on how much money and time you want to spend on your big day.

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