4 Tips to Cut Wedding Costs and Save Money
Summer is here, and for many couples that means starting a new chapter in their lives. Summer weddings are as popular as ever. And, while we would love to reiterate the importance of each spouse having life insurance, we thought today’s blog should cover the expenses of the wedding itself! It’s never a bad idea to start thinking frugally as a couple, and it can start on your very wedding day.
With that in mind, use these four tips to cut costs for your upcoming nuptials, and you’ll be able to use that money for something fun and exciting as a newlywed couple.
Set Your Budget Ahead of Time
Wedding planning can take months, and almost everyone has some idea of what their ‘dream wedding’ might be. However, if you and your significant other sit down and create a budget before you start officially planning, you’ll have a better base in mind for what you can and can’t afford. It’s a great way to introduce compromise, splurge on some things, and cut back on others. If you know what your budget is going to be and make a vow not to go over it, you won’t be shocked when bills from vendors start to arrive.
Cut Down on Guests
If you both have big families and a lot of friends, it can be difficult to figure out who ‘makes the cut.’ But, the fewer guests you invite, the lower your overall cost. A good rule of thumb is to make a big list of everyone you’d both like to invite, and try to scale it down from there. Chances are, there are at least several names on both of your lists that don’t need to attend. Remember, each name you take off is money saved on your catering costs!
Be Flexible With Timing
Most weddings happen on Saturdays. People aren’t worried about getting off work in time, or going to bed at a decent hour because they have to get up early the next day. However, more and more weddings are starting to take place on different days of the week. Many venues offer these options at a lower price than the coveted weekend time slot.
It can take a little rearranging, and your guests may have to be flexible as well, but having your wedding on a Friday or Sunday can potentially save hundreds of dollars.
Become a DIY-er
From making your own invitations, to purchasing handmade items and personalizing them yourself, one great way to cut costs is to also cut out the middleman for a lot of your goods and services. Thanks to websites like Pinterest, it’s easier than ever to come up with creative ideas for your big day, and have step-by-step guides available at your fingertips.
Things like insurance, home repairs, and all of the ‘stereotypical’ bills that go along with starting a life together will always be there, and of course there are smart ways to manage your money after you get married. But, if you’re newly engaged and just starting to plan your wedding, keep these tips in mind to start your marriage off on the right financial foot!