Saving for Your Wedding - How to Keep Perspective About the Big Day
Saving for a Wedding
Before you choose how much you want to save, it is a good idea to educate yourself on what your nuptial day and the honeymoon will cost you. Sit down with your betrothed and discuss what your wedding day looks like to each of you. This way you can hammer out the important things you are both looking for and then look at the other extra desires you have for your wedding day. It is important to talk about how many people you would like to have, where you would like to get married, what wedding attire you are thinking of, time of year you are looking to get married, wedding style you are looking to have, and where you would like to go on your honeymoon. It is also prudent to talk about how much money each of you have to give towards the wedding, and what your parents may contribute. Saving for a wedding can then be mapped out by both of you.
When you look at how much money you have now, with contributions from parents, and how long until you get married, and after looking to the costs of the day, you will have an idea of how much money you will need. Saving for your wedding is a matter of discipline and knowledge. From here, you can set up a savings schedule for the amount you calculate you may need.
Saving for a Wedding is a Happy Time
Wedding Savings Account
Setting a budget for your wedding will also help you to keep costs within your spending range. Saving for what you think a wedding will cost, is very different if what you spend is way more than you anticipated. It is easy for costs to get out of control. As you make choices for your big day, have a list of priorites to keep you focused on where you really want to spend your money. Many things will seem appealing to you, as you go through the wedding choosing process. Knowing your priorites will help you know what you really want to spend your money on.The first place to start in saving for a wedding is setting a budget. Look at both of your earnings and see what you have leftover, where you can cut back and how much each of you can contribute each month. Keep your special wedding savings in an account that is low risk and easy to withdraw from. You don’t want the money tied up or at high risk. Very often you will be paying for the wedding at intervals along the way, and you don’t want the money locked up where you can’t get to it easily.
Research the Costs
If you have a credit card with rewards, using your credit card and paying it off each month with no interest will allow you to gain rewards from your spending. If you can do this, then use your credit card as much as you can, for as many purposes as you can, just pay your card off each month. If you have flying miles, you can use it towards your honeymoon or other travel. If you get money rewards, this help you save more money by getting something back for the things you are spending on anyway.
When you think about your priorities, think about being flexible. The difference of one month to another, the day of the week and even the time of the day, could be a big cost savings for you.. You probably won’t miss what you don’t have, so if there are things you can alter like a date, or a particular band, or type of flowers, and it makes your wedding more affordable, it might be worthy of consideration. Another saving for your wedding tip is to keep the costs down.
When you think about the costs involved in your wedding,where you have it, the cost of catering, alcoholic beverages, and things you may rent for the occasion, you can anticipate these costs adding up to be about 50% of your costs of your reception. Flowers, clothing, photography, videos, music, invitations, cost of transportation, favors, and other msc expenses can be about 10% of your costs. It pays to look around and research what you want so you can make intelligent decisions that are good for you and your soon to be spouse. Together you can strategize saving for a wedding. Keep things realistic for the sake of your relationship. Keep the meaning of the as your prime focus. Everything else will fall into place.