June 25, 2013

8 Tips to Save Money During Wedding Season

Categories: DivorceMoney and Finances

budget

With wedding season in full swing, your mailbox may be overflowing with invitations.  Going to weddings, especially several in a row, can really add up.  While weddings can be a blast to attend, there’s no getting around the fact that receiving a wedding invitation in the mail can bring about feelings of anxiety just as much as, if not more than, the feelings of excitement.

There are several factors to consider when invited to a wedding.  You need to factor in transportation, lodging, attire, bridal shower gift and wedding gift.  If you are participating in all of the events that lead up to the wedding, it can not only be time consuming but also extremely expensive, especially if you have more than one this season.

First and foremost, determine your budget.  Before you get overwhelmed, sit down and create a reasonable budget for each wedding.  It is also ok to have a different budget for different weddings, depending on how well you know the person, where it is located, etc.  Set your budget amount at something that you can actually afford to spend.  Once you have that number, you can break down the individual costs of things such as the gifts and attire.  Here are a few tips to help you save this wedding season:

  1. Carpool. If the wedding is within driving range, share a ride with another guest.
  2. Book one of the rooms reserved for guests. These are typically set at a negotiated price by the bridal party.  To save even more, share a room.
  3. Be early to the registry. You don’t want the most reasonably priced items to be taken by the time you get there.
  4. Make your own gift. If the couple doesn’t have a registry or the price of the items is too high, make something personal and meaningful such as a scrapbook or gift basket.
  5. Split the cost of a gift. Pitch in with a few friends or members of your family.
  6. Wear what you’ve got. It can get expensive buying a new outfit for every wedding.  Ladies: opt for a simple dress that you can accessorize differently for each wedding.  for a video on how. Men: Change it up a bit for each wedding by wearing a different color tie.
  7. Shop secondhand. You might have to do a little more searching but you could find the perfect attire for a low cost.
  8. Know what “Open Bar” really means. It may only include certain beverages and may only be available for a short time at no cost or for a fee.

Although sticking to your budget and not going into debt this wedding season is extremely important, also remember that you are there to share in your loved ones’ special day.  Your presence and support are what truly matter on the couple’s wedding day.

Nicole N. MiddendorfABOUT THE AUTHOR
Nicole Middendorf
Financial Advisor, Prosperwell Financial

As a Financial Advisor and Certified Divorce Financial Analyst with Prosperwell Financial, Nicole has been professionally trained in retirement planning for small businesses and practical investments for the general public. Nicole is a frequent contributor in the media, where she makes guest appearances to discuss personal finance. Nicole focuses on education for her clients for her mission is to help individuals to successfully manage their wealth and have the confidence to be in control of their financial happiness. Securities offered through LPL Financial. Member FINRA/SIPC. Learn more at www.Prosperwell.com

Tagged with:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>