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Ways to Save on Wedding Expenses

Posted by Shanna Tingom, AAMS® on Mar 23, 2016 12:31:09 PM

ways to save on wedding expenses

Springtime is the perfect time to get married but it shouldn’t break the bank. Having (and sticking to) a budget, finding cost effective vendors, and remembering it’s just one day in a long and happy marriage will help you save on expenses.

According to costofwedding.com, the average wedding cost in Gilbert is $24,000-40,000 depending on the number of guests. Even when you know your budget, you can bet the actual costs will be more for things like the wedding dress, bridal party gifts, rehearsal dinner, and other entertainment prior to your big day.

Don’t lose your mind or your retirement savings with these ways to save on wedding expenses:

Set a budget. Before you look at venues, know how much you have to spend on a wedding. Even if parents are paying for the party, there are other expenses to consider like tuxedos, wedding gown, hotel for wedding night, gifts for parents and bridal party, and entertaining guests before or after the big day. The extras can add up to hundreds or thousands of dollars in the blink of an eye.

Rent a dress or buy secondhand. If you buy a new dress, it’s only going to sit in your closet collecting dust for years to come. You wear your wedding dress for one day so many brides opt to rent or buy secondhand from places like the Goodwill bridal shop in east Mesa.

All-inclusive venue. Mesa based professional blogger Anne McAuley Lopez recently got married and says, “Find an all-inclusive venue and understand what the price includes so you’re not nickel and dimed for extras like a well-designed wedding cake, special table linens, or wedding day bar tab. You’d be surprised at the wedding venues that are available in Mesa or Gilbert for reasonable prices. You’ve got to find one that works for you and your budget.”

Limit the guest list. You aren’t going to be able to invite everyone you want to invite to your wedding. Brainstorm a list of people. Then group them – college friends, work colleagues, his family, her family, etc. How important are they to you or your spouse? Only the most important are on the guest list.

Be aware that some of the people you invite as a courtesy may actually attend.

McAuley Lopez says, “We included people on our invitation list that we didn’t dream would come across the country for our simple Sunday evening wedding but they did! It’s good that we didn’t send too many invitations or we would have had to pay extra to our venue for the additional guests.”

Affordable invitations. Don’t overthink the invitations. Guests need to know when and where the wedding is taking place and how to RSVP. That can be done with a wedding invitation from Vistaprint for minimal cost. They also offer save the date, thank you notes, and other non-essential stationery you might like if your budget can handle the cost.

Your wedding is the beginning of your life as a married couple and while it is an event to be celebrated, it’s just the first of many as a married couple. There’s no need to break the bank to have a beautiful and memorable wedding.

If you’re wondering how to pay for your wedding or other life events, contact us at Heritage Financial Strategies today! We make money fun!

Topics: Family Matters, Financial Planning, Working With A Financial Professional