The wedding day is one of the most significant days in someone’s life. You’re finally tying the knot with your partner and you want everything to run smoothly. The day is meant to be a memorable occasion, enjoyed by everyone attending, but we all know that weddings cost money, and preparing for the big day can often prove to be stressful.
One of the major causes of stress can be the expenses associated with weddings. Every step of the way, you will have to shell out money for things. It’s an expected part of the process, but without proper planning and budgeting, the expenses side of things could get out of hand and you may find your wedding is going to cost more than you anticipated.
Let’s look at some handy tips to take the stress out of wedding expenses so your mind is free to focus on enjoying this most special occasion.
Step One Is To Create a Wedding Budget
Creating a wedding budget is in essence creating a financial plan for your wedding expenses. It’ll also help you define exactly what your wedding day is going to entail and you can propose a spending limit for each item on your wedding budget list.
It’s best to formulate a budget over a period of time, well ahead of the actual wedding day. You probably won’t think of everything immediately, so you’ll be adding (and possibly subtracting) items from your budget over a period of weeks.
Come up with a figure for your overall wedding budget so you have a guideline to follow. Once you know how much you can afford to spend overall, you’ll be able to tweak the items on your list until the total of all expenses comes under the maximum limit.
Without a wedding budget, you really have no plan when it comes to the expenses your wedding day will incur.
Hire a Professional Wedding Planner To Help You
A wedding planner will help reduce the stress levels associated with planning a wedding. For starters, they do this all the time. Secondly, they’re not emotionally involved. Thirdly, they have many industry contacts and will be able to help you negotiate good deals on certain items on your wedding budget list.
Of course, a wedding planner is going to charge a fee, but it’s a fee worth paying if it helps make the big day go off without a hitch and they can save you some money along the way.
Trim Back Or Delete Unnecessary Expenses
Not every single thing on your list of wedding expenses will be essential to the day’s success, so if it looks like you might go over budget or something is costing more than you anticipated, cut back on some other expenses on the list, or totally delete expenses that are not necessary.
Whether you have the money on hand or need to borrow the money, there’s no point in creating added stress by trying to pay for things you don’t really need.
Are Wedding Loans a Good Way To Cover Costs?
What’s a Wedding Loan?
Generally, if you take out a loan to cover the cost of your wedding expenses, you’ll be applying for a type of small personal loan online and quoting your wedding as the reason for needing the loan.
The majority of Australian lenders offer Personal Loans and weddings are one of the most common reasons people decide to take out a Personal Loan.
Knowing that you can borrow some or all of the funds you need to make your special day a success will really go a long way towards reducing stress when planning your wedding. After the big day has come to pass, you can then focus on repaying the funds over a period of time and at an affordable rate.
Let Cashify Help Fund Your Wedding Day
Cashify has helped many Australian couples make their wedding day dreams come true. With a range of flexible standard Personal Loans and more premium Personal+Plus Loans, offered at competitive interest rates, we have a loan solution to suit every budget. Talk to us today and discover how we’ll help make your wedding day an event to remember.
Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.
