Planning a Wedding While Maintaining Financial Wellness
For many people, weddings are one of the most important events in their lives. Friends and families gather to celebrate your partner’s commitment to one another. From the decorations to the food, the day is full of excitement and a festive atmosphere. However, when you’re trying to manage your financial wellbeing, planning a wedding can add an extra burden to your special day.
There are many ways to make your wedding both enjoyable and large-scale production without sacrificing your budget. Although notoriously expensive, wedding expenses can be kept to a minimum so you don’t fall into the trap of charging credit card bills.
Take into account your priorities
Identify you and your partner’s priorities for the wedding. Do you have a firm belief that every member of your family and group of friends is there but willing to forego the cost of groceries? Or are you planning an intimate wedding with a smaller number of people, but need a nice dance floor and a live band?
Knowing your priorities beforehand will help you decide what sacrifices to make in order to keep your costs down.
Learn to say “no”
Families often have the best of intentions, and when planning a wedding, it is not uncommon for suggestions from both sides to come into play. While the ideas are likely great, keep in mind that it is impossible to take into account every person’s suggestions. Learn to say “no” to people when their ideas differ from your own.
It can be difficult to turn down advice from in-laws or your own family members, but if you are responsive to every idea (e.g. thought possible.
Be smart about your purchases
Wedding items are often marketed at higher prices than similar items. For example, if you are decorating with clear strings of lights, don’t focus on buying only those that say “Wedding Lights”. Instead, think creatively and think of cheaper, traditional Christmas or patio lights.
Likewise, reuse whenever possible. Places like Facebook Marketplace are great for finding used wedding items. You can even search by color to find available items in your color scheme. Things like tablecloths, artificial flowers, and wedding arches have likely only been used for a few hours. You save money and the environment by reusing practically brand new items.
Split the expenses
Do you have friends who are getting married during the same period? Consider saving money by splitting the cost of wedding decorations. Decorative stones, centerpieces, chair wings, table runners, cookware, etc. can probably be used multiple times. Split the cost with the other couple and pay half what you would otherwise pay.
Remember that the perfect marriage is just as likely to begin with a simple ceremony at the local courthouse as it is with a flamboyant wedding. Ask couples who have been married for decades if they remember whether or not they went for the upscale napkin rings. You will not. Focus more on the excitement of the day and less on the material things and you will find it easier to stay on your budget.