Weddings aren’t cheap, that’s for certain. What with the dress, the venue, the food, and the bar bill, the cost of being able to enjoy such a special day is often high.
You need not let this put you off agreeing to tie the knot with your partner, though. No matter what your current financial situation may be, there are always ways for you to finance your wedding.
To find three realistic ways in which you could pay for your big day, make sure to read on.
Save up over a period of time
Becoming engaged doesn’t have to mean that you have to get married within a matter of a few months. It doesn’t even have to mean that have to get married within a couple of years. It’s your wedding, and you are in complete control of when it takes place, meaning you can take as long as you need to save up for it. This is the smartest course of action to take in this instance, as it will stop you from spending more than you can afford to.
With regards to using your savings to pay for your wedding, you make sure to ask yourself these all-important questions:
- Are you currently saving up to put a deposit down on a home? If this is the case, then you might want to consider holding onto your savings as deposits cannot be paid for via credit cards or personal loans.
- Are you getting particularly good savings rates? If your savings are currently tucked away nicely in an account that is ever-growing due to its interest rate, then you might be better off leaving your money where it is.
Take out a personal loan
Fear not as there are ways to pay for your wedding even if you don’t have any savings stashed away, one way being to take out a personal loan. By taking this route, you will be able to cover all of the costs of your wedding without having to worry about cutting back on all of the amenities that you so desire — in this instance, if you want it, you will be able to afford to have it.
You must err on the side of the caution if you do decide to take out a personal loan, however — by diving into the deep end in this regard, you could create a whole world of trouble for yourself going forward that could potentially ruin your big day. First and foremost, you have to search the market to find the best debt consolidation loans of 2019. Aligning yourself with a proven and professional lender in this instance will help you to avoid any nasty surprises later on. You should also make sure that you are able to pay off the money that you borrow by the deadline imposed on you to do so — if you are set to come into some money in the foreseeable future, great, but if you aren’t, you have to seriously consider your financial situation and if you can realistically stand a chance of paying the money that you owe. You also have to take interest into account, too, as you don’t want to be paying more than you have to.
Ask for help from family and friends
The days of the bride’s family footing the entirety of the bill might be a bit outdated now, but there’s still nothing wrong with you asking your friends and family to help pay your wedding bills. You could ask for financial support instead of wedding gifts, for instance.
When it comes to asking your loved ones for money, you have to:
- Be brave
- Be confident
- Be assertive
- Get straight to the point
- Pick your battles wisely (basically, don’t turn to someone who isn’t going to help or someone who is going to hold the fact that they help you against you in the long term)
- Be thankful
Your wedding is going to be the happiest day of your life, so don’t compromise yourself by worrying about the financial implications of it. Whether it means saving up over a period of time, taking out a personal loan, or asking for help from your loved ones, take the above advice that seems most appropriate to you, and pay for your wedding in as stress-free a way as possible.
There’s always one more thing that you can do to finance your wedding; downsize! There’s absolutely nothing wrong with having a small, lowkey wedding, so make sure you don’t rule out that possibility too quickly.