Paying For Your Wedding
Many couples are opting to pay for their weddings themselves. Some couples decide to pay for their own weddings because they have not other choice, some do so as a matter of choice. The best reason to pay for your own wedding is because you do not want to compromise on how, when and where you get married and you are ready to pay for it all on your own.
The average cost of a wedding in the U.S. is over $20,000, so financing your wedding requires a serious financial commitment. The sooner you start planning and saving for your wedding, the more time you have to come up with the necessary funds. The average time between the engagement and the wedding day is 12 to 18 months. Such time frame gives you an opportunity to plan and save for your wedding. The most important task you have is to determine the total amount you wish to spend on your wedding. Then, divide the amount by the number of months to determine how much money you need to put aside each month to meet your goal. If you estimate that your wedding will cost $25,000, and you have two years until your wedding, you need to save about $1042.00 per month. Realistically, not everyone can put aside a thousand dollars each month. If you are unable to save enough to cover all the costs, you may need to start cutting costs until you come up with a figure that you can meet. Aside from cost cutting, you can do a lot by saving one everything you do. You can save by taking your lunch instead of going out, spend less on clothes and entertainment. You could also, take on a part time job to help you with your budget. You have many options.
Opening a separate savings account for your wedding may help enforce the need to save. Even if you start with a modest amount a special wedding savings account should help you make the right spending and saving decisions.
You can find ways to save money by learning as much as you can about the products and services you need for your big day. The more educated you become about prices, the more you can bargain with vendors to make sure you get the best possible deals in town.
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