How to Save Money for a Wedding? Is It Worth Having a Party?

A wedding is, of course, a dream to every individual and, of course, a few family and friends gathered to celebrate love. On the other hand, it may be expensive and depends on what kind of celebration you want. So, how to save money to get married?

Mainly, how can this be done with good financial organization? After all, there are countless details to be considered, from the number of people, the location, not to mention the suppliers.

Of course, it may not be an easy job, but it’s certainly not the end of the world. On the contrary, it’s supposed to be a joyful moment, a dream come true, right?

So, do not worry. To make things easier for you throughout all of this, we came up with some special content where we give recommendations on how to plan not just your finances but also the party itself. Want to know more? Enjoy reading!

Is it worth having a wedding party?

Perhaps you have heard people comment that “it’s too expensive to get married” or even that “it isn’t worthwhile having a party” or whatever. yet for many, it’s a dream wedding with all that that entails.

So, no one has the right to evaluate someone else’s will, am I right? If it is important for you personally, and if the wedding is essential for both of you, then it definitely makes sense to invest in this unique celebration.

This question basically refers to personal preferences and circumstances of the bride and groom. So, it can be answered only by you.

How much does it cost a wedding party?

The cost of the party would therefore depend on several factors. Therefore, before understanding how to save money for a wedding, you need to think about the type of party you want to have.

A survey conducted in 15 countries showed that, the average cost of a wedding is around R$44,000. However, this can easily vary from one celebration to another.

In this sense, the main aspects that must be considered and that influence the price are:

• reception location;
• food and drink;
• clothing and accessories;
• photography;
• wedding party flowers and decoration;
• invitations and stationery;
• music and entertainment;
• cake and sweets.

There are many details and variables, but now you know how much a wedding party costs on average.

It’s really hard to say a certain sum of money since there can be such a huge variance in spending. Some weddings can be budget-based, while some can cost a fortune.

How to plan a wedding party?

You could have it as simply planned and organized a day as you want it to be. Here’s how:.

1. Set a budget : Determine how much money you have available to spend and set a realistic budget. This will help guide your decisions regarding vendors, decor, venue, etc.
2. Set the date and location : Choose a date that is convenient for you and your guests. Decide whether the ceremony and reception will be at the same location or different locations. Make sure to book in advance.
3. Make a guest list : Make a preliminary list to get an idea of ​​the size of the party. This will also help you choose a venue and determine your budget.
4. Choose the wedding style : Decide whether the wedding will be formal, informal, themed, traditional, etc. This will influence the choices of decorations, attire and other details.
5. Hire vendors : Book important vendors, such as the photographer, videographer, florist, caterer and musicians, in advance.
6. Choose the dress and groom’s suit : Start looking for the wedding dress and groom’s suit well in advance to allow enough time for fittings.
7. Plan the ceremony : Determine the details of the ceremony, including music, vows, rituals, and choice of celebrant.
8. Design and send invitations in advance : Design and send invitations with enough time for guests to RSVP.
9. Prepare a day-of schedule : Create a detailed schedule for the wedding day, including times for makeup, hair, ceremony, reception, etc.
10. Have a contingency plan : Be prepared for the unexpected. Have a contingency plan for weather changes, delays, or other issues that may arise.

There are so many details, right? You may even be rethinking whether it is really worth having a wedding party. Yes, it is! The memories of this moment will remain in your mind forever. So, let’s move on to the last part.

How to save money for marriage?

There is no way to save money for a wedding without planning in advance, setting a budget and organizing your accounts. Check out other important steps in detail.

Plan ahead

Do you remember the hints on how to plan a wedding party? Now’s the time to apply them here.

Plowing ahead has its benefits: You will gain flexibility to take advantage of the discount opportunities or promotions over time to really maximize the value of your saved money.

This sets a definite date, setting a specific goal which you can then plan with considerable detail regarding your financial plan. Once you are able to know exactly what you need, you can then set savings goals on a monthly basis and make adjustments as needed.

Organize your accounts and cut unnecessary expenses

There’s no way to save for the wedding without mentioning this point. So, let’s begin by detailing your expenses for a month on paper so you can have an idea about where your money is being spent.

This process actually simplifies what areas you can cut back on unnecessary expenses.

Analyze your spending habits and then be willing to make necessary adjustments while eliminating expenses that don’t contribute much to your marital goals.

The reduction of such living costs will directly boost your savings since you have more money to save towards an ideal wedding.

If possible, look for extra income.

In many cases, your main income may not be enough to cover all the wedding costs. In this sense, seeking extra income can be essential.

The additional income not only boosts your wedding budget, but also provides a financial cushion, making the process of saving money more stable and sustainable.

Prioritize your expenses

Identify which costs are closest to your heart. Focus on saving there. For example, if the place for your wedding ceremony is a must, then make more provisions for that specific item in your budget.

It is not that you ignore the rest of the marriage but instead provision resources wisely.

If you target your priorities keenly, then you are quite sure that the most meaningful and memorable parts of your wedding will receive enough financial focus.

Negotiate prices

Haggling over prices is the fine art of negotiation when you plan a wedding on a budget. Now, while you’re doing all that research for your vendors, prepare to ask some questions and explore your negotiation options.

Many are willing to adjust their prices, especially if you book multiple services with them. Be transparent about your budget and ask for customized plans that meet your specific needs.

Avoid debts

It sounds obvious but, in reality, it is pretty easy to get yourself into debt when you are planning a wedding.

For example, you could feel that borrowing loans or even using credit cards to fund your wedding will work nicely, but in the long run, this may be considered another form of liabilities.

So, always opt for solutions that can slow down the accumulation of debt and look for other alternatives such as saving more money or budgetary adjustment in order to accommodate wedding expenses.