After dating for some time, you decide it’s time to pop the big question: “Will you marry me”?
Tying the knot is wonderful, but the pre-wedding preparation process can be painful, especially when it comes to planning the budget.
You can choose to have a low-budget wedding – some couples are even getting married inside McDonald’s fast food restaurants for just £250 in Europe these days.
Yes, this includes your ceremony, reception, wedding cake and catering for about 100 guests, according to the Daily Mail. However, there is no special treatment such as jumping the queue to collect your Big Mac burger and fries because McDonald’s will operate as usual. Moreover, alcohol is banned inside the family-friendly restaurant chain.
Most couples don’t have to resort to a fast food outlet and you can still have the perfect wedding with wine, gold rings, exotic food and a magical honeymoon without breaking the bank. Here are some tips for saving and planning so that you ensure you have a magical day whilst also keeping your HSBC current account in check.
Determine your approximate budget beforehand. Work out what you intend to spend on the venue, tuxedos for the bridegroom and yourself, dresses for your bride and bridesmaids, wedding rings, honeymoon and so on. Then think about how you can meet the expenses.
If you are someone who wants to plan ahead before your big day, map out a timeline to help you stay on target. Wedding planners told the Washington Post that planning should start immediately after the engagement.
If you do so and your wedding is several months (or years) out, you can work extra and cut out other expenses to save a large amount of money. Ensure that you maximize the interest by putting the money in a fixed deposit or a tax free ISA.
It is more likely that you stay debt-free if you are organized. Develop a budget and make a plan – be proactive!
Don’t panic if you are leaving it until the last-minute, as there are a few alternative ways to finance your wedding. You can take a wedding loan from either of your families, relatives or friends.
Alternatively, you can use your credit card to pay for part of your wedding expenses and repay the balance and interest over time. Just be sure to think about how much you will realistically be able to pay back over time without causing a lot of marital distress about money in your first few years as Mr. and Mrs.!
After several months of stress leading up to the wedding, you definitely need to relax and spend some romantic time with your new husband or wife. However, this is another area to plan carefully so you don’t break the bank.
If you’re looking for clear blue waters and soft white beaches, the Indian Ocean is a perfect destination for pampering yourself and your other half. The island of Mauritius is rich in architecture and food; you can enjoy fine dining and beautiful beaches, watch the sunset and ride a horse on the beach.
For those who want to hide away from the world, the Maldives is a beautiful location to swim in the clear lagoons or play water sports.
Alternatively, Oman’s spectacular mountain scenery, deserts plus beach hotels, offer a calm and relaxing atmosphere where you can enjoy spa treatments and snorkeling along the coast. There are additionally a variety of water sports for those who are active.
If you are really struggling to finance your honeymoon, why not think about cheaper all-inclusive or package holidays somewhere closer to home, or ask your wedding guests for money towards your once-in-a-lifetime trip instead of gifts?
How do you manage your honeymoon expenses while you are away? If you have a current account with a bank and if you’re eligible, you will be issued with a visa debit card that provides instant access to your money while you’re overseas. You can use your card to pay for the hotel and food in the restaurant. You can also withdraw cash from cash machines worldwide, and linking the card to a special “honeymoon only” account will ensure you stay on track with your spending.
Of course, you probably won’t experience smooth sailing the entire way. You need to adjust your wedding budget and make allowances to account for unforeseeable expenses.
Most importantly, ensure that you don’t overspend on one day so that you have some savings left over for starting to build your new life together.
Jay Marcelo is a freelance writer who loves spending time with his new wife while traveling Europe (for cheap when possible).
Dustin Riechmann created Engaged Marriage to help other married couples live a life they love (especially) when they feel too busy to make it happen. He has many passions, including sharing ways to enjoy an awesome marriage in 15 minutes a day, but his heart belongs with his wife Bethany and their three young kids.