Wedding Savings Tips

Wedding Savings Tips

Your wedding day will be one of the happiest days of your life, a day you’ll want to remember forever. Now you have to make sure you won't be paying for it forever too.

The truth is, however, if you plan to host a traditional wedding and reception, it can get very expensive. Fortunately, though, proper planning can help you mitigate some of these costs or at least reduce them. So, as you plan for your big day, consider this blog your wedding present from us and use these tips to save for and on your wedding costs.

Set your budget and save for it

One of the biggest mistakes you can make when trying to be cost-conscious with your wedding is to be swept up in all the “it’s my special day” hysteria. You won’t get a discount because it's your special day — and in a lot of cases you’ll pay more because of it.

To protect yourself, your pocketbook and your future, set your budget and stick to it by placing the money on a prepaid card. You can then reload this card incrementally. If you only spend money as it exists on this card, you’ll stay on plan throughout all that planning.

Utilize unique vendors

Cakes and floral arrangements are mainstays at any wedding, but the locations where you get them don’t need to be. Grocery stores, for example, offer both solutions at rates far more cost-effective than most traditional vendors.

The same savings can be found for service providers as well; contacting your local college could help you find aspiring photographers, musicians and videographers looking to build their business at a reduced rate.

Plan a wedding that matches your own style

The traditional wedding carries with it traditionally exorbitant costs, so don’t be afraid to research other options that match your style and save you money. A consignment shop may not be your first choice for your wedding dress, but it’s a great place to find decorations for your reception. These shops are loaded with bridal accessories that were only used once.

And when it comes to that reception, don’t be afraid to adjust the traditional to match your own sense of style. A traditional sit-down dinner may not reflect who you are as a couple as much as a craft-beer-and-appetizers offering does.

The same goes for the venue. Consider hosting your wedding reception in a place that holds special meaning to you — such as the place you first met — and you could save money over a standard reception hall.

Make it your own

Your wedding is really your personalized day, so make it a reflection of you, your love, your commitment and your financial savvy. Do so and you’ll be able to start your marriage with a better financial foothold beneath you, and that's the gift that keeps on giving.