Planning your wedding and honeymoon can be stressful and expensive. Of course, it is wonderful to find someone you to spend the rest of your life with. However, the need to have the perfect event and day can quickly take its toll. It is important that your wedding and honeymoon are both memorable and affordable. Traditionally, parents will help to pay for the wedding, but couples are beginning to foot the bill. You do not want to start off your marriage by accumulating a lot of wedding debt that you will be paying on for years to come.
1. Set Up a Budget for Your Wedding
When you plan your wedding and your honeymoon, you need to determine a budget and stick to it. This should be as specific as assigning amounts to the cake, dress, reception hall and invitations. It is also important to realize that your budget is fluid. If you find the perfect dress, but it costs $300.00 more than you planned on spending, you will need to cut that $300.00 from somewhere in your wedding budget. Many people will overspend in one category, then start spending like crazy, because they broke their budget, you should not do this.
2. Pay Cash for Your Wedding
You should pay cash for your wedding and honeymoon. You can still have a very nice wedding and pay for you wedding with cash. If you have a shorter engagement, then you may need to scale back on the size of your wedding. It does require special planning and discipline, but you will be grateful that you chose this when you are not paying off your wedding when you have your first child. It can make it easier to purchase a home when the time comes as well.
3. Find Areas to Cut Expenses
Look for areas to save money on your wedding. You may be able to save money by planning the wedding yourself instead of using a wedding planner. You can save money by shopping around for most of your services. Additionally, you can save money by cutting back the number of people you invite. As you creatively consider your options you may be surprised at the amount of money you can save, while still having the wedding of your dreams.
4. Don't Overspend on Your Honeymoon
Your honeymoon should be a wonderful relaxing vacation that you spend together, but again you do not want to overspend and regret it later. Although the groom traditionally pays for the honeymoon, you may want to set up a realistic budget for the trip. The amount you spend is dependent on your circumstances. For example, if you are still in college a quick weekend getaway may be your best option. However if you are both young professionals you may be able to afford a nicer honeymoon.