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12 Money Saving Tips To Help You Plan Your Dream Wedding

Top Money Saving Tips

According to Refinery 29, the average cost of a wedding in the UK is standing at an average of £27k, and over £38k in London!

With supplier prices soaring as soon as the word ‘wedding’ is added, it’s not surprising that the average wedding cost has continued to dramatically rise over the years.

As a result of this, it is putting huge pressure on couples to find money they don’t have, and spend their life savings on their dream wedding.

In this article we will be providing you with some top money saving tips that should help you to save for your perfect day.

1/ Budget, budget, budget

Start your wedding planning process by organising your budget. Once you have made a decision on your rough wedding date, you can then work out exactly how much you can expect to save prior to the big day, and combine this with any savings you wish to include.

Once you have figured out your budget, go lower. Leave yourself with some petty cash left over for last minute emergencies, or pre-honeymoon purchases you hadn’t considered!

Be realistic and ensure that you stick to your budget, so that you can avoid entering married life in debt!

2/ Get prioritising!

Start off by writing a list that outlines the largest areas that are essential and that will require the most amount of your budget. For example, this could be your venue, dress, catering and live band. But if you are planning to marry abroad, this could also include accommodation and flights. Then, consider all the finer details that will require a budget.

Obtain quotes from suppliers and write a list of all the things you would love, and then prioritise them. If your dream wedding then takes you over budget, you can re-analyse both your budget and priorities list, and start removing anything that is not essential if it doesn’t fit within your budget.

3/ Have a clear out

Let’s face it, we could all do with a clear out every now and then. If not only to free up storage and de-clutter our lives, but if you can make quick cash at the same time then we strongly believe it’s a no-brainer!

All it takes is one weekend - have a good clear out and put that hard earned cash straight into your wedding fund. Ok, so you only made £50? That’s £50 towards treating yourself to a new signature scent for your special day that you now don’t have to find elsewhere!

4/ Pick your day, date and time wisely

Many venues and suppliers will offer discounts for weekday weddings, and also weddings that are out of summer season (the main wedding season).

Have you considered a later ceremony? Save money by getting married later in the day. This way you do not have to pay for two meals and you could have an evening buffet, hog roast, or pizza feast for all guests instead.

5/ Use vouchers

Vouchers, such as Tesco Clubcard vouchers, can save you a great deal of money. They could be used to buy alcohol for your reception, or you could trade them in for reward vouchers towards your honeymoon, or even your wedding rings.

6/ Think carefully about your guest list

Make sure you think this through thoroughly and then go through it again. Extra wedding guests mean extra food and extra money. If you can limit your sit down meal to close family and friends, you could then have a larger evening reception when the food will be cheaper.

Think about it, at a likely cost of £80+ a head, if you cut down on two couples for the day that’s a total saving of £320! Think of all the things that money could be put towards, for example bridesmaid dresses or a live band!

7/ Be committed to saving. And save wisely!

Make sure that your wedding fund is working hard and making you money by putting it in a high interest savings account.

If you have any debt, then try not to place your savings within the same institution (i.e. bank or building society), as they could take it to pay off the money you owe. This is especially important if the money has been gifted to you.

8/ DIY is the way forward

If there is something you can do for yourself for a fraction of the price, then why not give it a go! Get your bridesmaids involved for an evening of wedding planning and girl talk!

Swap out real flowers for artificial flowers for example, and arrange your bouquets and centrepieces yourself. With a little elbow grease, some hard labour and a little research, we think you will be pleasantly surprised with the huge amounts you could save! Don’t forget to avoid retailers and head straight for the wholesalers where you can!

9/ Make sacrifices

Do you buy lunch every day? Consider making a packed lunch and taking it to work with you. Treat yourself to a wedding fund piggy bank for you and your spouse-to-be, and each day put your £3.00 lunch fund into it. If only one of you were to do this for a year, that’s a total saving of £780!

Making little sacrifices here and there will soon start to add value to your wedding fund, so think about where else you could make sacrifices.

10/ Ask for help

If you are planning to have bridesmaids and groomsmen and are flexible with their outfits, why not ask your bridesmaids and groomsmen if they would be happy to purchase their own outfits based on your colour scheme. That way, your bridesmaids can keep their outfit, and purchase something they will feel confident and happy in, whilst the groomsmen can wear their own suits or purchase something new of their choice. You could be looking at a total saving of between £1000-£1500 if not more, which is an absolutely substantial amount of money!

11/ Be honeymoon savvy

Try to avoid companies designed to offer specific honeymoon packages, as it is likely the price will be astronomically higher. Select and narrow down hotels and destinations you would like for your honeymoon, and then check out more budget friendly travel sites where the same hotel can be booked at a fraction of the price. Cut out the middle man and save money on the unnecessary ‘pretty packaging’ honeymoon sites would charge you for.

12/ Don’t lose sight of what your wedding is really about

It is very easy to get swept up in the wedding saga and end up spending much more money than you can actually afford. This can result in large debts being stacked up on credit cards for those last minute purchases you hadn’t budgeted for. Remember to remind yourself throughout the wedding planning process that your wedding is about making a commitment to one another and marrying the love of your life. The priority should not be about putting on an elaborate show for your guests.

By implementing these tips from the get-go, it will help you to remain organised and on top of your expenditure throughout the wedding planning process.