Over the last couple of decades, weddings have been becoming more and more expensive affairs. In 2015, the average wedding in the USA ran up a bill of over $31,000, and some will have cost significantly more. So you can see this importance of knowing and evaluating the actual funding for your wedding.
For some people, this is almost an entire year’s salary, making it easy to see why a lot of people would want to reduce the costs. But it can be hard to figure out where and how make budget cuts and find the necessary funding for your wedding. Here are some suggestions:
Funding For Your Wedding
Shrinking Costs
Of course prices aren’t going to suddenly drop, but lower prices can be found if you are willing to work for them. Below, you can find some of the best ways to cut costs for your special event, though it could also be worth doing some research to maximize your savings.
Finding Deals:
Finding a deal in the modern world is often as simple as making a search on a service like Google. Nowadays, sales, coupon codes, and other ways to save money are used by businesses as a primary marketing technique. This makes it easy for you to save some money, while they are still able to provide the full service.
Compromise:
Along with looking for deals, being willing to make small compromises on your big day will also be a great way to save some money. From smaller floral centerpieces and guest lists, to a shorter bar package, or having your wedding during the “off” season, there are plenty of options to help fit your budget and making your wedding more affordable.
Finding Funds
Saving money is the most common way for couples to set aside the money needed to pay for the wedding they want, however it’s not unusual for couples to need some help to fund an event like this. There are a couple of good ways to do this, and you can find them below. Of course, though, like your savings, it can also be worth doing some of your own research to make sure you’re making the right choices.
Take Some Time:
For some people, getting a loan will be off the table, (no one wants to start a marriage with debt) and this leaves you with a very simple option to go from; saving. Putting money away and avoiding spending (keep driving past that Starbucks!) will be easy if you take the right approach. Your partner isn’t going anywhere, and saving for your big day will make it more satisfying.
Contributed Money:
More and more couples are paying for their own weddings these days, however parents are still offering to contribute to their child’s wedding. The extra money is helpful, as long as there are no strings attached. Make sure it’s clear how much they are willing to give, and what their expectations are.
Borrow:
While creating debt by borrowing money is not the ideal method, in some cases it may be the way to go. I highly recommend that if you use your credit card, to only charge an amount that you can pay off within a reasonable amount of time. If you’re considering taking out a loan, check out loans near me, and make sure to carefully research your local banks and other financial companies. This type of loan is sure to be big, and the right business will be needed to handle it.
Hopefully, with all of this in mind, it will start to become a lot easier to save and fund your wedding day without stress or concern. In the past, the families of the couple would cover the costs of the big event. This doesn’t always work out, though, and you could be completely on your own when it comes to making this come together.
*This is a contributed post
I hope you found this information on funding for your wedding useful!
Hearts, Joy, Love!
Jean
Looking for fun ideas, or need help with your wedding plans? Contact me today at jean@weddingsfromtheheart.net or by phone or text at 937-581-3647!