Every couple wants their wedding day to be the most beautiful and memorable. However, these days the cost of a wedding can be enormous, especially if you do not plan well in advance of the special day. Fortunately, if you create a wedding budget and stick to the budget, you can have a wonderful and special day without going into debt. There are number of ways to budget for your wedding that will ensure you and your loved one do not start your life together in serious debt.

Creating your Wedding Budget: It is essential that you create a wedding budget several months before the wedding day. Creating the budget early will allow you to determine how much you can afford to spend and it will help you find ways to cut unexpected costs without negatively impacting the wedding. In your budget, you will list such expenses as: wedding attire, wedding rings, wedding invitations, hall rental for reception, wedding location rental, caterer, entertainment, transportation, photographer, decorations…etc. Once you determine the wedding expenses, you will be in a better position to determine how much the wedding will cost.

Avoid using Credit Cards in order to Save your Money: One big mistake many couples make is paying for the wedding using their credit cards. When they do this, they will put themselves in overwhelming debt, especially when factoring in the interest on the credit cards. One of the best ways to avoid credit card debt is to start saving early. You and your loved one can establish a special wedding savings account where you deposit money in weekly that will be used to pay for the wedding. You will find if you start saving early, you will be able to pay for a large part of the wedding. As well, make sure you factor in money your family may be contributing which will help reduce your costs.

Reduce unexpected Wedding Costs: Once you have determined how much your wedding will cost and how much you can save, look for ways to reduce those unnecessary costs. For instance, cut down on the number of people you are inviting, hold your wedding in the winter it is less expensive, and ask friends and family for help with decorations, wedding favors, and creating centre pieces. You can also create your own invitations. As well, make sure you shop around and compare prices for florists, caterers…etc.

Your wedding day is one of the most important days of your life, you will want everything to be perfect. However, if you return from your honeymoon and find a pile of outstanding bills, it can cause a lot of stress and financial hardship. That is not a good way to start life together as a married couple. It is important to take your time when planning for a wedding and stick to your budget. When you create an affordable budget and spend within your means, you will be able to have a wonderful, memorable wedding without going into debt.

Author Bio: Credit counselling is crucial for those continuing to struggle with credit card debt payments and financial obligations. Find out how credit and debt counselling can improve your financial situation from the experts at Consolidated Credit.

Category: Finances
Keywords: credit, debt, finance, family, business, society, home, investment, legal