Do you dream of having a large wedding surrounded by friends and family? Would you like to have an intimate ceremony but a lively party afterward? No matter what your dream wedding day is, you need to think about how you are going to pay for the special occasion.
In particular, if you are planning on having a huge wedding, then you need to start saving in advance. Let’s take a look at the best ways to fund your wedding.
Using Your Savings
One of the most popular ways to fund a wedding is using your savings. There are two scenarios. You may already have some savings that you can use for your wedding. Alternatively, you might wish to build up your savings every month for a year or two before the special occasion. Either way, the majority of a wedding’s funds comes from the savings of the bride and groom.
It may require some habitual changes for you and your partner to begin saving. Though you make the effort to save here and there, it may not be something you are totally committed to, or even struggle with. The wedding itself may provide enough motivation, but it’s important to note that starting small is often seen as a key starting point when you are taking that first step towards saving money successfully.
You may think that you want to hurry and get married quickly. But the truth is, a special wedding can take around 18 to 24 months to plan anyway. So, you may as well take some time to plan and save at the same time to make your day extra special. From choosing the venue to selecting a wedding caterer, there is more to do than you think!
Receive Family Contributions
It’s a special occasion to see a child or grandchild get married. Often, parents and grandparents want to help pay for the wedding. Indeed, this can be a good way to fund your wedding since it can fill a hole in your savings and take some pressure off you as a couple. It can also be special knowing that your family was involved in the big day in some way.
We know that it can be awkward to ask your family members if they are going to contribute to their wedding. But most of the time, they are going to let you know that they want to do this. The most important thing is to let them know how grateful you are and if they want their money to go toward something in particular.
Consider a Credit Card
As soon as people hear about using a credit card for their wedding, they assume the worst. But a credit card can actually be great for making certain purchases. In particular, it can help you spread out the cost of things that you are paying for in advance. It can also offer you some consumer protection if something goes wrong, such as a missing product or a business going bust.
It can take some time to gather a good fund for your wedding. Primarily, it is going to be your savings that pays for the special day. But contributions from family can help, as well as making some purchases on your credit card.