Plan your wedding on a heartstring budget!
February 16, 2024
Love is in the air for many couples this Valentine’s. If you’ve popped the question or are already engaged, that special day is on your horizon. Our cupid’s counsel is on hand to help achieve your dream wedding, without falling into debt! Here are our top tips to make sure you both ease down the aisle.
Start saving
Look at how you and your partner currently manage money. Our budget planner will help each of you work out what you spend compared to your income. It will show where you can save and how much is left over to spend. This money can go into a new savings account towards your big day. Putting a little bit away every week will help you in the months leading in. Remember, it’s never too late to save towards your wedding day.
Decide a spending limit
Costs quickly soar where Irish weddings are concerned! It’s essential to work out how much you can afford to spend in advance and try to stick to it. After reviewing your finances and setting up a savings plan, you’ll have a realistic idea of what your spending limit should be.
Don’t fret if it feels like your dream wedding is out of your reach. Money does not buy happiness! There are simple ways to lower your spend and make your wedding just as memorable. For example, booking your wedding during off-peak season, reducing your guest list or posting online invites. Wedding venues are well used to couples asking how to cut costs. Don’t be too shy to ask or haggle, they might even throw in a few sweeteners!
Pay by debit or credit card
It’s better to pay with your card rather than cash. You’ll have some protection in the event of a cancellation or the bridal supplier shutting down shop. Paying by card means you might be able to ask for chargeback. You should also always ensure you get receipts, and carefully read any terms and conditions.
Take out wedding insurance
Things happen outside our control, which even life’s best laid plans do not account for. For example, the wedding hotel you’ve booked goes bust and closes unexpectedly. You may have paid a deposit but have no guarantee of getting this back.
Having wedding insurance gives you more security and peace of mind if something goes wrong. Shop around for the best value and know exactly what your policy covers. If you both already own your own home, consider insuring your engagement/wedding rings on your home contents insurance so you are covered for any loss or damage.
Our Money Hub has more information on getting married.
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