Your wedding day should be the happiest of your life, but you will not want to start married life in a difficult financial situation which is not uncommon when you consider that the average cost of a wedding is £20,983. So, what are a few good ways to save so that you can have the wedding of your dreams without impacting your financial health too much?
Set Up a Savings Account
First, it is a good idea to set up a savings account where you can collect all of the money for the wedding. If you are planning a wedding in a year or two, be sure to look at high-interest savings accounts which will help with the costs – every little helps!
Negotiate on Services for the Wedding
When it comes to the cost of services for the wedding, you should always shop around and try to negotiate the best possible deal – you can make big savings this way as most service providers will be eager for business. This will include aspects such as hair and makeup, photographers, catering, flowers and suit rentals. Additionally, when it comes to finding the perfect ring, be sure to look online as you might be able to find a good deal.
Cut Costs on Luxury Items
One of the best ways to raise money for the wedding is to go through all of your regular expenses and then to pick out any luxury spending. You should then try to cut these out of the budget for the time being or at least look into more affordable alternatives.
Cheaper Options on Essentials
You should then turn your attention to your essential spending, such as your household bills. Often, you can make savings by switching energy provider which will be helpful both for saving for the wedding but also in the long-term.
Download a Money Saving App
There are also lots of good apps which can help you to identify the best ways to save money in your day-to-day life. When you are making savings on every purchase, you will quickly free up a lot more money which you should put straight into your savings account.
Cut Corners Where Possible
You may also be able to cut some corners when it comes to the wedding costs. As an example, you might have a friend who is a photographer, or you could make homemade decorations for the wedding.
Book Off-Peak
Finally, if you want to save money on a wedding then you should seriously consider booking off-peak. A Saturday wedding in the middle of summer is the dream of many, but you could make huge savings by booking at another time in the year and there is something special about Winter weddings which should not be overlooked (just be sure to plan for unpredictable weather!)
Hopefully, this will help you to manage financially when planning the wedding and have the best possible day without creating financial difficulties.
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