While weddings are meant to be steeped in romance and focus on the union of a couple in love, in reality, they are also very big business. According to statistics, the average cost of a UK wedding in 2019 was £31,974. That’s no small amount of money, and it’s money that many couples don’t just have lying around.
If you’re currently planning your own wedding, you may be going through the initial stages of how you’ll come up with the money. To help you out, we’ve put together a list of tips that can help you juggle and balance all those wedding expenses.
Decide What You Can Afford Before You Start Planning
The number one tip is to decide on a budget before the planning process begins. If you are working without a budget, it’s very easy to keep adding more and more until you are spending a small fortune. Beginning a marriage off in serious debt is only going to cause stress and worry.
Use a Budget Planner Tool
Now that you’ve got the budget set, it’s time to start planning. Wedding budget planning tools will come in very handy as they allow you to track and record all expenses. You’ll be able to see the running tally of what you’ve spent so far and what is still outstanding. Be sure to do a search in your app store for these types of planner tools, as there is no shortage of them.
Don’t Worry About Keeping Up with the Jones’
One thing that couples can fall victim to is trying to keep up with everyone else’s wedding. This is only going to lead to money being spent unnecessarily, and a lot of stress. It is your wedding, and your wedding alone, so whatever others did on their own special day isn’t of your concern.
Scaling Back the Guest List and the Day in General
You also shouldn’t be afraid to scale back on the guest list and the day in general. If you can’t afford 200 guests at your wedding, don’t feel obligated to do so. If you can’t afford to have a large formal dinner, serve appetisers and have a cocktail reception instead.
What If You Are Temporarily Short on Funds?
While all of these budgeting and savings tips are helpful, sometimes it still isn’t enough to guarantee you’ve got the cash on hand to pay all the vendors on time. You don’t want to be late on your payment to them, as you will risk them breaking the contract with you.
So, what can you do if you’re temporarily short on funds, and just won’t have the cash in time? This is when easy loans from sites like BingoLoans can be helpful. These are meant to be short-term loans with a repayment period of one to 12 months. In other words, they just help you to get by in the moment. They are relatively simple and the approval process is very quick. You will have access to the cash you need to pay the vendors on time, and then you can pay back the loan quickly.
The Wedding You Can Afford
By following these tips, you’ll be able to plan a wedding you can afford, and one that doesn’t start you off in huge amounts of debt.