Saving for your wedding can seem like a daunting task and having the “picture perfect wedding” can make your credit card moan in pain for months after the happy day. This doesn’t need to be the case with a bit of basic and realistic planning right after your engagement.
Here are 10 budgeting tips which can help you save for your wedding.
Who pays for what? Right in the beginning stages of planning, have a meeting with everyone contributing financially to the wedding such as parents, your fiancé, and even your friends. Although sometimes an uncomfortable discussion to have, you need to determine who is paying for what and how much they are willing to contribute to the wedding.
Decide on the month/year of the wedding, even if you don’t have a specific day set yet. This determines a timeline that everyone can work into their budgets especially if you are putting money away monthly towards the wedding. The more months you have to save the better.
With the venue being one of your largest expenses, consider sourcing a location for your wedding according to seasonal packages (in or out of season). Winter wedding packages are usually cheaper, and so is getting married on a weekday or on a Sunday (We have some advice on winter weddings).
See what is included in the venue packages regarding décor, cutlery, glasses, complimentary drinks, a dressing room or a venue planner etc. These extras add up quickly and can be time-consuming to have to source yourself. Some venues have their preferred suppliers, who have been tried and tested by the venue so using them can ensure reasonable prices and no nasty surprises on the day.
Delegate and compromise. Look for that aunt that bakes well or a friend with a printing business or a colleague with a beautiful backyard and call in all the favours. Consider an off the rack wedding dress, a hired dress or one on sale and this applies to the Groom’s suit as well. Designer attire is very expensive and not many couples are able to re-sell their dresses and suits after the wedding.
Buy a few wedding magazines. Most have very helpful month by month wedding planning calendars and checklists in them and cover most of what you will need for your wedding. Pinterest is also a staple resource when looking for wedding inspiration. Just be mindful that the wedding industry is full of unnecessary “pretty” things that are expensive and are not practical. Small spends add up very quickly, so be careful not to be caught in that trap.
Buy your jewellery on seasonal sales. Most jewellery shops have reduced sales after Christmas, and some have a lay-bye option which sprespread costs a bit. You can also scout at antique and op shops who often have hidden gems, quite literally!
Send e-invites rather than printing and snail-mailing invitations. There are many DIY websites where you can easily design wedding invitations for an affordable price and sometimes even for free! We love canva.com and creativemarket.com. You can go one step further and design a wedding website where you can provide all the necessary details that guests need to know before the big day such as your gift registry, accommodation recommendations and dress code. These ideas cut down on your printing and postage costs.
Open up a separate bank account dedicated entirely to the wedding, where all the parties can deposit their monetary obligations. This will also keep everyone up to date and you can see at a glance what is available for the wedding. Deposit any little windfalls that you should receive, 13th cheques, bonuses or a monthly savings portion of your salary directly into this account as well.
Handle all legal and travel documentation well in advance. Wedding insurance is a good idea when dealing with many vendors that you have not hired before. Honeymoon costs should also fall under your wedding budget and destination vacations are quite pricey. Book your flight in advance to get the best airfare. Also, take the peak and off-peak seasons into review when planning your honeymoon.
Always read fine-print carefully before signing anything or paying any deposits. Keep all these documents filed safely for future reference. Find out about security deposits, cancellation terms and refunds for all vendors and your venue. The market is very competitive and you can negotiate some bargains so always get quotes and shop around.
Communication is important between your fiancee and yourself. Many times your partner feels excluded in the planning. He/She may see some of your “have to have’s “ as being a total waste of money, and there will be arguments! How you navigate these obstacles, will make for a stronger bond between yourselves. Keeping an indexed wedding planning file in which you can add in and remove pictures and documents, will keep everything in order (this could be a physical file of one save on your laptop or phone).
We’d love to know what budgeting tips and tricks have helped you save money and cut down unnecessary costs whilst planning your wedding. Comment below!