How to save for your wedding
When planning your wedding, it's easy to get caught up in the details and forget about one of the most important aspects saving for it! A budget that you don't stick to is worthless, which means that you need to know how much money you need to save and keep yourself on track by knowing exactly how much you can put aside every month. This article will help you with everything from estimating how much money you'll need to figuring out your budget and sticking to it
Start early
The sooner you start saving the easier it will be to reach your goals. It could be too late if you wait until six months before your wedding to start cutting expenses and padding your savings account Start saving small amounts now - no matter how small they may seem at first - and you'll be amazed at how quickly that money adds up.
Good budgeting habits
Start off by creating a budget and adhering to it If you don't already know what your expenses are, track them for a month or two and see where your money is going. While it's fine to splurge once in a while. spending too much money on frivolous items will not help you save up enough for your wedding. Create a budget with real numbers based on actual spending habits and stick to it!
Get advice from other people
lf you want to plan a wedding on a budget it's important to get as much advice as possible from people who have already done it. There are plenty of online forums and communities where you can ask questions and receive free advice from people who have been through it. There are so many hidden costs associated with weddings (think stamps, beauty, honeymoon etc) it's good to get an idea of every single item that needs to be bought before even setting out a budget.
Start saving in small increments
Weddings are expensive. If you want to give have an extra special day, start by putting some money away each month. Start with a smaller amount and gradually increase it every month until you reach your wedding budget. Then, keep saving once your big day has passed! You never know when an unexpected expense will come up, so it's always best to be prepared for anything.
Set goals and stick to them
It's tempting to push off saving for your wedding day in favour of more immediate financial needs, but there are other ways to save for your big day. By setting up a dedicated wedding savings account and sticking to it, you can set yourself up for success on your special day.
Think about what you want
It may sound simple, but it's often easier said than done. We often think we want a huge, expensive wedding - but what do we really want? Our friends and family gathered around us, maybe? How about a great honeymoon? If you can break down what you really want out of your wedding day and think realistically about how much that'll cost that will be a good way to determine how much money you'll need to save for your big day.
