Forget Big Weddings: 5 Smart Ways to Spend Your Money Instead
Your wedding day should be one of the best and most important days of your life, so it makes sense that some people choose to spend a lot of money on it. But often, there are many aspects of a wedding that people don’t even think about (a wedding cost estimator can help you anticipate costs).
While the wedding day is important, many people wonder at the end of it how it went by so fast and where all the money went. You have to determine with your partner whether you want a big (or even a small) and expensive wedding, or if you want to put the money elsewhere. If you decide to go for the wedding, you can still save money by following these tips. However, if you decide that you want to use your money elsewhere, here are some ideas.
1. Put the money toward savings (or keep it there)
If you have no emergency fund, you need to think about whether paying for a big wedding is a dangerous financial move. If your parents or other family members are giving you money for your wedding but you have no emergency fund or very little future savings, ask if you can use the money for that purpose. Many family members want to be a part of your big day, and you can always consider having a less expensive, simple reception without spending lots of money on a lavish wedding. If your parents want to help you start your life together, it’s possible that the best way they can do that is to help you get on solid financial ground.
If the money is your own, and you or your partner have been saving for a wedding, you should still discuss your options. Ten, twenty, or even five thousand dollars spent in one day can be quite a shock – you may find that the dinner and dancing isn’t worth the price tag.