Your wedding is arguably the most special day of your life, and you are absolutely right to want everything to be just perfect. The plan is to only get married once! Creating the wedding of your dreams can become an expensive affair, and it can be difficult to get the money together so it’s exactly how you envisioned it. We have put together some preparation tips and financial options you may want to look at whilst getting ready for your big day.
Put a List Together
The first thing you need to establish, is the amount of money that this may cost you. Wedding costs can get out of hand, as there is always something you will forget. It could be the party favours, the cars, or the cake, anything really. You will be frazzled in terms of planning as there is a lot to think about, so it’s important to list everything out and get an idea of what your perfect day will cost you. Wedding planning will leave you in a better position to review your financial position and figure out what your options are.
Shop Around and Negotiate
There are lots of wedding suppliers, so the market is incredibly competitive. This gives you the option to shop around for the best deal and reduce those costs you planned out. You may find that some offer discount in terms of the season, quantity or location. Don’t be afraid to negotiate with them either, this is something they will be used to. If you don’t ask the question, you won’t get! Make sure before you make any decisions, you do your online research when it comes to suppliers.
Get a Personal Loan
This can be a scary thought for some people, but it doesn’t need to be. Companies such as Everyday Loans create processes that are easy for you to receive a decision and to help you fund your special day. They give you the capacity to apply online, and even if you have bad credit it doesn’t mean that you won’t get approved. If you do get accepted, normally it would simply take a visit to the branch to get things confirmed. Make sure that you read the small print before signing up to any loans to make sure you are comfortable with the APR and the payment plans offered.
Downsize Possessions and Sell
Are you moving into a new home, or looking to do a clear out in preparation for marital bliss? This gives you the perfect opportunity to have a look through your belongings and check to see if there is anything that you could live without to help fund your wedding. If there is an option to sell anything off – there are many online tools that will allow you to do this. There are the likes of eBay, Facebook Marketplace, Amazon etc. This should make the selling process easy for you and will in turn give you some extra cash to use for your big day.
Depending on the bank you are with, they may be willing to offer you a substantial overdraft to help with costs. This is a good option, if it’s only a short-term solution and you are able to pay the money back fairly quickly. There is never usually any set up fee and you are only every charged overdraft fees for the amount of time you are overdrawn. You of course would need to speak to your bank to come up with an agreed overdraft limit and to see if they will accept your application.
This is an option if you can get a good deal. There are many companies out there these days that offer 0% interest over a certain period of time to make it more attractive. It’s worthwhile if this is a long-term arrangement on the 0% offer. It means that you can make the purchases you want to, and if you pay it back in the allotted time you won’t incur any additional fees. It’s worthwhile checking on the interest rates after the 0% runs out.
Ask for Contributions
This might not be something that you are comfortable doing, but is something that is becoming more regular when preparing for a wedding. If you don’t need any wedding gifts for moving home – then instead of registering for gifts, you can ask your guests to contribute to your honeymoon costs. You also may have some talented friends. If you know any photographers, musicians, DJ’s or caterers – get in touch with them and ask if they can help you out.