Financial Strategies For Your Wedding

Once you’ve decided whether you’re going to have a no holds barred lavish wedding with all the trimmings and hundreds of guests, or a select few at a very private and intimate ceremony, the next thing you need to do is work out a budget for your wedding. Decide how much you can realistically afford to spend, agree this with your partner and also share it with those that are likely to contribute to your wedding.

After setting your budget you then need to decide when it is that you’re going to get married. Once you know the date of your wedding and you know the budget you can then work out how long you’ve got to come up with the money and set out a plan to make this happen.

For some this might mean a change of lifestyle and a need to make a few sacrifices, and for others it may mean taking on extra work or getting a part-time job for the next year. Either way come up with a realistic plan of how you intend to raise the money. Oh, and by the way,winning the lottery isn’t one of them!

Start getting quotes from all of your suppliers for absolutely everything, and then once you’ve got all your quote you can work through them with your partner and decide what is within your budget and what is most definitely not.

It might seem an obvious thing to do but a lot of couples do not work through their budget together and then end up in a position where they have both chosen items depending on their tastes and at the end of the time realising just how much they have committed themselves to pay

Bear in mind that you may be able to affect the costs by adjusting the timing of your purchases. What I mean by this is that often it is possible to buy items cheaper at different times of the year. For example, wedding venues are often cheaper in the autumn and winter than they are in spring or summer, also weekday weddings can be cheaper not only because the hotel is less busy itself on a Friday but also because less guests can come on a Friday as well.

Now, having less guests may or may not be to your liking but it is an option that you may want to consider.

Check your suppliers, make sure you get multiple quotes for everything. You will most likely find a wide variety in the cost and smaller suppliers in particular tend to be more open to deals. Make sure you get all your quotes in writing as well because you don’t want to get to nearer the wedding day and be presented with an invoice for items that you understood to be a lot less than they actually are.

One last thing to bear in mind is, if you can, make this process a bit of fun, think of it as a game.

You’ve got a certain amount of time in which to complete your task and a certain amount of money to spend and your goal is to get as much as you can for the money that you have. It will mean some difficult decisions for certain items.

Never forget that you can put a spin on just about anything, politicians have been doing this for years. If you have to go for the cheap option, then so be it, sell it to everyone as a style statement. Maybe you’re a no-nonsense person in real life who has no call for the fancy frills and champagne and would much rather go for the beer and mash option. I’ll tell you what, there’s a lot of people attending weddings who would die for pie, peas and a pint rather than fancy little cucumber sandwiches that don’t even fill you up!

Whichever way you go with it, good luck and enjoy the process.