Are you stressed over the cost of your wedding? Do you wish someone else would just pick up the bill? In order to pay for this, many couples either take on debt, save like crazy to pay for a dream wedding, or cut costs by restricting the number of guests and going DIY on the whole thing. There are a huge number of companies out there who think outside of the box and are looking for interesting, appealing new ways to promote their brand. The days of plugging a brand name on a poster in a dark alley are long. Larger and small yoru alike are commonly expressing an interest in finding clever means of marketing. Wedding sponsorship is one such way. Rather than pay for their wedding, some couples are opting to get some or how to make money to pay for your wedding whole thing sponsored by businesses and brands. This may seem like a crazy idea, but the trend for sponsored weddings is growing. After all, this is serious business! A blog is going to show potential sponsors your story jour help them learn more about you as a couple. This is how they can decide if they want to help pay for a part of your wedding.
Cut back on monthly expenses.
This post may contain affiliate links. Click here to learn more. One of the biggest struggles in wedding planning is setting a budget and finding the money to make it happen. Maybe your personal budget is tight due to other financial commitments like student loans, car payments, etc. If that’s the case, have you thought of trying to find ways to earn extra money to put towards your wedding day fund? I’ve been asking around and it turns out there are lots of options if you’re looking to earn extra money for your wedding! The most important thing I wanted to highlight was ways that are fun and flexible, so you can do them in addition to your day job, without the need to pick up a part-time position somewhere else. Are you good with kids? Consider doing some babysitting! Whether you’re looking for something steady or just want to pick up some weekends — this can be a great way to earn extra cash to put towards wedding funds! Another great option for earning some money for your wedding is petsitting.
Cut back on monthly expenses.
If you’re engaged, you may be trying to save for a wedding and a house at the same time. The good news is that with a bit of planning and persistence, you can save for a wedding and a house at the same time and start your new life off on the right foot. Here’s how. Before you begin saving for a wedding and a house at the same time, it’s crucial to sit down with your partner and set priorities. Do you value the wedding more or is the house a greater priority? How much of your combined income do you have to save for these goals? Are you willing to make some sacrifices to make both goals a reality? Once you’ve figured out what’s most important to both of you, you’ll need to determine how much house you can afford and calculate how much you can spend on the wedding. Set a Realistic Budget The next step is setting a budget for your wedding and house. This starts with determining how much extra income you have to set aside by creating a monthly budget if you haven’t done so already. Once you know how much you can set aside, it’s time to figure out how you can make buying a home and paying for a wedding as affordable as possible. Here are some tips on how you can save money on these large expenses. With a bit of creativity, you can save big on a wedding. Rather than inviting all of your friends and acquaintances, consider trimming the guest list and only inviting your closest family members and friends. You can also get married on a Sunday, Friday or other weekday, all of which are usually significantly less expensive than a Saturday, as is an off-season wedding in the winter or early spring. Having a brunch wedding instead of an evening affair, serving beer and wine instead of hard liquor, and opting for non-floral decor can all help cut costs as well. Think about which aspects of a wedding are most important to you and cut the costs of the parts that don’t really matter to you. For example, if you’d like a person band but are indifferent about the venue, consider hosting your wedding in a backyard rather than an upscale hotel. To save money on a house, your first step is determining what you can’t live without in a home and where you might be able to cut back. Condominiums are typically less expensive than detached single-family homes, and the more bedrooms and bathrooms you want, the higher the price will rise. If you’re handy and love a good project you can dig into, a fixer-upper can be a great way to save money. If you’re not, it may be better to find a home that doesn’t need major work that you can live in comfortably for now. Increasing your credit score , getting quotes from multiple mortgage lenders and saving for a larger down payment can also help you save a significant amount of money on homeownership costs. Finally, don’t overlook the importance of working with a local, experienced real estate agent. They can negotiate on your behalf and ensure you’re getting the best deal on a home. Start Saving After you’ve set a realistic budget for your wedding and house, determine how much you should spend and save each month. Also look at your monthly expenses to see if there’s anywhere you can cut back. Do you have monthly subscriptions you almost never use?
Get a new credit card
If you have a big budget goal that seems daunting, divide it into smaller chunks that are easier to digest. The simple math trick that makes it all work? Take the sum of your desired budget and divide it by the number of months you have to save up. If that amount seems like too much per month, add more time or try cutting back on a few of your big-ticket monthly expenses to help you save. Where should this money go? Throughout your life, having a savings account dedicated to something more exciting than a retirement plan, like travel, a wedding or another big event, is a good idea and will help make saving more fun. For some couples, more drastic sacrifices will be required, while other to-be-weds will be splitting the cost with relatives to help lighten the load. Be practical about your limits. The amount of time it takes you to save will depend entirely on your own circumstances. Do you belong to a gym, club or subscription service that takes a monthly sum out of your account? Cutting back on these types of expenses can have some of the quickest effects on your account balance. You should make a habit of reaching out to your cell phone and cable companies annually and negotiating a better deal. Sometimes, just by asking, you can get a price cut on your bills. And if your attempts at negotiation fail, consider cutting out nonessential monthly costs. But for things like cable, Netflix, Amazon Prime, Birchbox and Spotify—anything that debits you on a monthly basis—the time has come to really consider if these are must-haves you truly need, or if you can sacrifice them for a bit in favor of a larger wedding budget—and that fancy cake you have your eye on. It could even be taking a cab instead of taking the subway, or parking your car closer to your office and therefore paying a higher parking fee. Looking for any possible way to cut costs or find extra money to help pay for your wedding? There are some more drastic measures you can take as. What about starting an Etsy shop or doing freelance work?
Comments
Post a Comment