Today's guest post is all about paying for your wedding. In the comments shout out how you paid for yours!
You’ve decided to get married, and that’s fantastic news! It’s an exciting time,
and wedding preparation is a serious
business. It can take many months, or even years, to plan the perfect wedding,
and there is a certain joy in visiting
venues, selecting color schemes, finding the most beautiful dress, and
designing invitations.
However,
weddings can also be costly, and this is where that joy can turn to sorrow. If
you don’t know how you are going to pay for your wedding and what the budget
might be, then it will be impossible to book anything or anyone for sure, and this can be stressful. With that in mind, below we’ve compiled some of the
best ways to pay for your wedding, giving you the chance to enjoy the
planning stage before you say “I do.”
Your
Savings
Your
savings are perhaps the first place to turn after getting engaged and when you
start to get down to planning your dream wedding. There are two ways to work
with your savings:
- The first is to see what you already have (and how much you know you can add to the total before everything needs to be paid for), and use that as your budget.
- The second way is to plan what you want and have a total in mind that you need to reach and then save for it.
Both
options will work, and it will depend on how quickly you want to get married as
to which one you pick. The first means that you already have the funds and
therefore the wedding can take place sooner. The second means you have yet to save, so
it will be delayed. Whatever you choose, make sure you have the
right savings account, as the more interest you can receive, the better. Check
out Crediful for
details on which account is best for you.
A Credit
Card
Another
option to pay for your wedding is a credit card. Ideally, you should apply for
a brand new card that is solely to be
used for your wedding. This way you can more easily keep track of what you are
spending, and how much you need to pay off. You
can also find better deals this way including interest-free purchase deals which will save you a lot of money, particularly if you can then pay off the entire
card before the interest starts being due.
Credit
cards are not a good idea if you already have a high level
of debt, and if that is the case,
then you should use one of the other options on the list that doesn’t involve
applying for more credit. However, if you know that you can make the repayments
happily and you have a plan about paying off more (a lot more if possible) than
the minimum due each month, ensuring that the card balance is brought down to
zero quickly, then it can be a great way to enable you to have the wedding you
want without compromise.
If
you need or want to borrow to pay for your wedding,
then a loan can sometimes be a better option than a credit card, although it
will depend on your circumstances. Again, you
can get all the prices you need and add everything up so that you know what you
need to borrow. That way you won’t either borrow more than you need (which
means you will be paying back more than you would really have to), or less than
you need (which means that you’ll have to compromise on what you buy or go
elsewhere for an additional loan).
Friends And
Family
Not
everyone is able to apply for credit or
use their savings, and not everyone wants to even if they can. Getting into
debt is just not something that some
people want to entertain. In this case, you might decide to ask family and
friends to help. You don’t even have to ask for a loan (which, of course, is
more debt!) if you word the request correctly.
Those
who are invited to your wedding will want
to bring a gift of some sort. Not only is it a tradition,
but it is a generous, fun thing to do. Originally these gifts were given to the
happy couple to set them up in their new home together, but since many people
have lived together for at least a little while before getting married, and
they will already have everything they need, an alternative could be to ask for
a cash donation. These gifts of cash can be used to pay for the wedding, so
everyone is able to enjoy the money, and
it means your guests won’t be paying extra, and
you won’t receive gifts you don’t want or need.
They
key thing here is to word
the request correctly. Make it fun and light-hearted, and ensure
that everyone knows the money is going to create a great day for everyone.
Don’t request specific amounts as this can seem greedy.
