Weddings can be expensive, so if you’re engaged or soon to be engaged, then you’ll need to think about how you’re going to save enough money to pay for your wedding. I’ve teamed up with casahsap.co.uk to bring you some top tips on saving money for a wedding and managing your wedding budget.
Tips To Save
Depending on how long you’re planning to be engaged for, the sooner you can start saving, the better. Weddings are expensive. According to Hitched, the average UK wedding in 2019 cost over £30k! While not every wedding will cost this much, you’ll still need to save in order to get the wedding that you want!
Choose A Good Savings Account
It’s a good idea to have a seperate account for your wedding savings and normal savings, so you can keep track of how much you have to spend on the wedding. Compare different savings accounts as some might offer better interest than others!
You should keep in mind how much you want to save, or need to save, for the wedding that you want. You might have to give yourself a reality check: can you actually afford what you want or do you need to be more flexible? Think about how much you can save and when you want the wedding to be to work out what is and isn’t reasonable.
Speak To Family
It’s not unusual for family members to want to contribute to the wedding, as a way of blessing you as a couple and supporting you. It’s worth having the awkward money conversations with your parents or grandparents to find out whether they want to contribute financially at all. If they do, then you can factor this into how much you need to save.
Save As Soon As You’re Paid
This is a great tip for any time you want to save money. Don’t wait until the end of the month to add whatever is left into your savings account; put the money you know you want to save aside as soon as your paycheck comes in. This will help you to be more strict about sticking to your savings.
Tips For Managing Your Budget
You won’t be able to get everything you want for your wedding, so you’re going to have to prioritise. What elements are most important to you as a couple? Perhaps the food is something that really matters to you, or maybe it’s making the venue look really beautiful. Work out your priorities and spend money accordingly.
This is going to be one of the most important things. Communication is absolutely key to managing your budget (and your relationship!). Talk to each other before you buy anything, make sure you understand what the other person wants from the wedding and keep communicating throughout. It’s great practice for when you’re married!
You are going to have to be flexible. Being open-minded is going to help you significantly when it comes to sticking to your budget. It could be that you have to let go of the idea of a specific designer dress, and be ready to consider other choices.
Of course, there are going to be times when you don’t want to negotiate, but if you’re open-minded in other areas than it’ll mean you can be stubborn about some things!
You might also have to be flexible about how much you spend. It’s a good idea to set an ideal budget and then a maximum budget. You might find that some things are significantly more expensive than you expected them to be.
If you have any more tips for saving for a wedding, or budgeting for one, then please leave a comment!