How Can I have a Great Wedding on a limited Budget?
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Getting married can be a really big occasion for many people. Some people will have thought about their wedding from when they were a child. They may have ideas about the venue, dress, car, cake and all sorts of other things. The main problem with weddings is the cost. If you have a limited budget then you may feel that you cannot get married as you do not have the money to pay for everything that you want. However, It is possible to have a great wedding even if you have limited funds.
Concentrate on the commitment
It could be that you are putting too much pressure on yourself to make such a big day out of it. It could be best to just concentrate on the commitment that you are making in your relationship rather than the big party and celebration. A wedding is really just an opportunity for a couple to commit to each other and if you feel that you want to make the commitment does it really matter if you have all of the other traditions which surround it that cost so much money. Consider whether you really want them or are just thinking that you have to have them because that is the expectation.
Have a small wedding and plan a big wedding anniversary
If you really want to have a big celebration then you could delay it. If you have a ceremony to get married that is cheap and cheerful but then plan a big party and celebration with lots of guests for a future wedding anniversary. This could give you time to save up without having to delay the wedding. It could avoid the problems of not being able to have the dream wedding without delaying things. If you feel it is time to make that commitment and you do not have the money for a large wedding, then this could be a useful compromise.
Take time to save up
If you are happy to wait then you could take time to save up for the wedding. It is worth bearing in mind though, that due to inflation meaning costs will rise, the longer you take to arrange the wedding the dearer it will be. You will also need to be committed to saving. It could be wise to save a certain sum of money each month so that you can see the savings accumulating. Have a savings account especially for it and work out how much you can afford to put by. If you set up a direct debit then this will be even better as you will not need to remember to transfer the money. Make sure that you transfer the money just after you are paid so that you know the money will be there and available to put into your savings account. You will have to make sure that you budget carefully so that you manage everything else that you have to pay for as well. It is important to make sure that you do not save so much that you cannot cover your essentials. It is therefore worth taking some time to calculate how much you need for essentials so that you can decide how much will be the right amount to save.
Find items at sale prices
It is always worth looking at for sales. You might find that the dress you want or the decorations might be reduced at some point and so make sure that you are always looking out. It is unlikely you will get a reduction on the venue, cars or things like that, but there will still be places you can save money and it is good to check. Compare prices though, as even if you cannot get the products at sale prices there will be some places that are cheaper than others and by looking at the different prices you will be able to see whether you can spend less if you choose particular places to shop in.
Borrow the money
Many people do decide to borrow the money to pay for their wedding. This is a solution that will mean that you will not have to delay the wedding until you have saved up as you will get the money right away and pay for it afterwards. It will also mean that you are less likely to have to compromise as you will be able to get the amount of money that you need. There will be restrictions on borrowing of course and if you have a poor credit record you may not be able to borrow at all. A lender will look at your credit record and take you income into consideration when deciding how much you can borrow. It is important for you to make sure that you are confident that you will be able to repay the money that you have borrowed. You need to think about the monthly repayments and how you will manage those. You will be able to compare lenders and they will have different repayment schedules and so it is wise to pick one that will suit you. Make sure that you can afford the repayments and that the costs of the loan are competitive.