So you’re finally planning your big day. You’ve got so many ideas running through your mind but your purse is saying a bit fat “NO” to every single one of them. Weddings can be expensive. There’s no getting around that! Of course, you can opt to have your wedding day on a budget, but there might be certain things you just don’t want to cut back on. So, here are 5 simple yet effective ways to save for your dream wedding.
5 ways to save for your dream wedding
Many of us dream of our wedding day from a really young age. It’s a huge event in our lives that we quite rightly want to celebrate in style. Most of us only get married once and we want to be able to look back on that day as one of the most important and special days of our lives. We don’t want regrets about how we got married. But then weddings can be incredibly expensive can’t they?!
According to a recent survey, the average wedding in the UK now costs £30,355. That is a lot of money!
So how on earth are you going to save up that kind of cash?
One thing I would say is that you should try to avoid the temptation of sticking the cost of a wedding onto a credit card or using a loan. Yes it’s an important day, but you don’t want to spend the next 10 years paying it off.
There are lots of simple things you can do to save for your dream wedding without ending up in thousands of pounds worth of debt.
Take on a side hustle
Have you heard the hype around side hustles these days?
Side hustles are simply extra things you do alongside your job in order to bring in some extra cash. They’re things you do in your spare time. It might be making a few hundred pounds extra with matched betting, selling on etsy, freelance writing. It could be anything!
There are hundreds of options for side hustles. You can take on as many or as few as you like depending on how much spare time you have.
It’s a good idea to set up a separate savings account where you can stash all that extra cash you make whilst you save for your dream wedding.
Set a savings goal and work backwards
It’s all very well trying to save money. But you need to have a good idea of exactly how much money you’re going to need to stash away every week.
Whenever I’m saving up for anything, I set up a savings goal, work out how many weeks I’ve got before I’ll need the money, and then work out exactly how much money I need to put away each week in order to get there.
It’s a great way of seeing if your goal is actually achievable and keeping yourself on track.
Saving money for a wedding inevitably means you’re going to need to cutback on a few things. Don’t go planning any extravagant holidays or indulgent nights out. You need to stay focused.
It’s not just the big spending that you need to cut back on though. Start cutting back on your food shopping, plan your meals and shop sensibly and you’ll be amazed how much money you can save.
Take some time to evaluate your monthly direct debits too. Is there anything you can cut back on in order to save some money?
Stick to your guns – it’s so worth it to save for your dream wedding!
Yes, it’s going to be tough, and you might need to make some sacrifices, but if you really want your dream wedding, then you’ll be prepared to work hard to get it. It will be so worth it in the longrun too. You’ll have your perfect day that you can look back on fondly for many years to come.