How to tie the knot – on a budget

*a guest post

It’s thought the average UK wedding costs between 15 and 20 thousand pounds. That’s a significant amount of money to find for one day, but there are ways to tie the knot cheaper. Take a look at these five money-saving tips and start your married life free from debt.

Keep borrowing to a minimum

Every couple deserves a lavish wedding, but it’s essential to keep your borrowing to a minimum. Most loans don’t come for free, so always read the small print and try to make payments on time to avoid high charges. If you do need to make a few significant purchases, use a low interest credit card as this will keep your outgoings down. Many banking groups offer 0 per cent on payments for a set period of time, but always find out what the rates will return to when the promotional window ends.

Set yourself a budget

Whether you want a glamorous dress or an extravagant ceremony, you must set yourself a budget. This might sound dull, but it will stop you from falling into the red unnecessarily. To start with, do some research and work out how much you want to spend on the venue, outfits, wedding breakfast, transport, flowers and entertainment. Leave some money for smaller purchases like the favours and decorations and use this as a rough guide. Don’t be afraid to change the figures from time-to-time, but make sure everything balances out at the end – using a spreadsheet could help!

Reduce the guest list

If you want a big celebration with everyone you know – prepare for a high bill. A large guest list means more expense, so you might want to reduce it where possible. If you’re worried about leaving people out (or there are plenty of family politics), invite your nearest and dearest to the wedding breakfast and create more invitations for the evening do. You might not be able to please everyone, but this will certainly keep your costs down. Remember, if your list keeps growing, it might be wise to apply for a credit card with a low interest rate to keep your borrowing costs as low as possible.

Get married in the week

Have you set a date yet? If not, you might be able to save money by getting married in the week. Venues are usually cheaper off-peak and you should be able to get caterers, entertainers and even drivers for a reduced fee. Of course, many people have regular 9-5 jobs, so why not book your wedding on a Friday to make things a little easier? They can enjoy a long weekend without worrying about work and might even be able to stay over – depending on your venue.

Don’t rule out charity shops

Many women dream about their wedding dress from a young age. Diamonds, sequins, tiaras and veils are a big deal, but you don’t have to pay the earth to look good. There are many affordable outfits in charity shops these days, so take a look around and see what you can find. Oxfam has an extensive wedding collection and even The British Red Cross has a selection of bridal charity shops. Second hand dresses, jewellery, bags, hats and shoes are readily available and there are bridal magazines to help you choose.

Weddings aren’t the cheapest things in the world, but there are ways to reduce your costs – so give these tips a go!

*thank you for contributing to my blog!

Comments

  1. So much I would have changed about my wedding… but I don’t know how much money I could have saved LOL 🙂 In fact I probably would have spent MORE!!! LOL
    weddings are crazy expensive!!

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