Getting married is perhaps one of the most expensive events you could undertake. According to Fortune, with the average wedding costing around $35,329, this is an investment that for most of us is well over that which we would spend on a car, which is a pretty penny to pay for one day. Regardless of whether you’re trying to go all out or save quite a bit, there are a few key strategies you could use to reduce the cost significantly. Here’s how:
If you’re going to be getting married, then saving up for your ceremony is going to be a crucial move. Not only will it give you better peace of mind, but you’ll additionally have more of a selection of what you’re going to do for your special day. Plus, weddings are an expensive affair; according to as CNBC 57 percent of Americans have less than $1,000 in their savings account. Getting into the habit of saving money and budgeting can be a hard one to develop, but it’s critical for your wedding day.
No matter if you’ve had to save for a significant financial commitment in the past or not, one of the most important steps is assessing the total cost. Although the goal is to cut back on your expenses, you first have to know a conservative estimate of how much you’re truly spending. From there, it’s much easier to start cutting down.
Once you and your significant other have got a good grasp on how much your wedding will cost, start diving into how much you can contribute monthly to wedding expenses and how long saving will ultimately take. While this might take assessing how much you’re willing to take on in debt versus how much of a wedding you can for what you can pay upfront, the balance will be well worth it. As this is day is about you both, try and remember what’s essential for you all in celebrating your new love, with everything else coming secondary.
Shop Around Online
Another good strategy for cutting back on the spending for your wedding is by shopping online. While that might sound silly for certain items, believe it or not, eCommerce shops have advanced enough to offer a wide range of prices and experiences. In fact, online has taken over so much so that as noted by Selz, 71 percent of consumers believe that they’ll get a better deal online than in person. And for your savings plan, this can be the perfect place to go.
Make a list of all the items you’re going to need for your wedding, no matter how big or small. Additionally, start looking through the price points on each, as well as how you can save. For example, Azazie offers a wide array of wedding and bridesmaid dresses perfect for any size, available direct-to-consumer for a much more affordable price than boutiques. Furthermore, other smaller items can be sourced online as well, giving you a better chance of finding a great deal. Take your time with this strategy and look as hard as you can until the wedding day, as it might cut down on a fortune.
Hold Back On The Big Day
Although it’s not always the most fun to hear, holding back on your wedding day can be a pretty great way to save. After all, depending on the relationship you have with your significant other, this might not be a bad thing to suggest, because as noted by The Knot, the average engagement lasts around 14.5 months; however that doesn’t have to be the standard. This might be the time to set your own trend.
Sit down with your significant other and ask how long you both would be willing to wait before you got married, including your reasoning for each. As practical as it sounds, it can be a pretty good cursor to not only the type of relationship you have and where getting married stands in there but why waiting may or may not be a bad idea. Ultimately, there’s no shame in whatever the decision you make is, but know that this is going to be starting a new life with someone and should be treated as such. Remember, when it’s all said and done, this is going to be one of the most memorable days of your life, so embrace it as such.
What are you most excited about with your wedding? Comment with your answers below!