Summer is a busy time of year for everyone, and it can be an expensive one. Between summer vacations, longer days and expenses like air conditioning, summer can be one of the most expensive seasons. Now, imagine you’re planning for a wedding on top of all of the other summer expenses. Weddings can be a lot of fun, but their price tags can also be a little scary. AbbyBank is here to offer you some tips to budget for your wedding and, hopefully, leave you enough money for a nest egg.
Set a Budget
This may seem obvious, but many couples get so caught up in planning the fun stuff—the ceremony, the reception, the dance, etc.—that they get ahead of themselves without realizing the costs associated with the entire wedding. It’s important to know what you can afford, and what you can’t. If you develop a budget early, you’ll find it easier to prioritize what’s important to you.
Get an Accurate Head Count
Many of the decisions that come with planning a wedding are based on the number of guests you’ll have. From the church to the reception venue, you need to have a solid ballpark figure in place to make sure everyone can attend comfortably. This tip is especially important when determining how much food you need to order. Speaking of food…
Consider Buffet Options for the Dinner
Wedding dinners are typically divided into two options, plated vs. buffet. If you’re looking for a way to save some money without affecting your guests’ experience too much, a buffet can be a great way to save money on your reception. Plated dinners get to be more expensive because you have to factor in paying the wait staff. Be careful how many options you offer for your buffet, however, as this can increase costs quickly.
A wedding should be fun, and you should spend the day with a smile on your face surrounded by your friends and family. AbbyBank can help you pay for your big day with a consumer loan that will offer competitive rates and terms. You can also use our savings goal calculator to determine how much you need to save per month to reach your goal.