![]() You can avoid financial strain by giving yourselves enough time to save for your wedding. Use our page on how to build up savings for more tips and advice. This is what you have to save each week or month. To work out a monthly savings plan, calculate how many weeks or months from now until your big day. Divide the total cost of your savings target (this might be the full wedding cost) by the number of weeks or months. If you have a date for the big day, find out how much you need to save each month to reach your target in good time before the date.If you have no wedding date, find out how long it will take to reach your saving target if you save every month.Once you’ve set a budget and know what you’re saving for, you will then need to work out how much you’ll need to save in total. If you borrow money for your wedding, make sure you also budget for the interest you’ll have to pay. Will it come from savings or contributions from family?.Where will the money for the wedding come from?.You will need to decide how you’ll pay for your wedding. It’s always worth trying to negotiate on prices too and this will be easier if you know what things cost. Next look for any ways you can reduce the costs you have listed. Do your research to find out what things really cost and shop around for the best deals – it will be time well spent. Think about whether your wedding expenses will affect your ability to reach these financial goals. For example, you may want to buy a home or to travel. ![]() Setting a budget can also help you make sure you have money left over for other financial goals you might have as a couple. Once you have made a list of everything you intend to pay for, then set a budget for an amount that you can agree on and can afford to spend. Then add up the total cost of all you need to pay for and add in 10% for last-minute or unknown expenses. Take your time and make a list of every expense you can think of and how much you estimate it will cost. Ideally, both of you should work on the wedding budget plan. Now is a good time to start your financial journey together. You can use the following steps to create it. Taking control of your wedding costs starts with a clearly defined budget plan. From visiting venues to choosing suppliers, planning your dream wedding is an exciting time. Creating your wedding budget might not sound romantic, but if you start planning now, you can both enjoy the big day without worrying about money.Ī wedding can be one of the biggest expenses you may face as a couple, so good planning is the most important factor to keep your wedding costs from getting out of control.
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