Advertising

8 Great Tips To Save Money On Your Wedding

Advertising
8 Great Tips To Save Money On Your Wedding

Walking down the aisle alongside that special someone is something most of us look forward to. It is one of the most remarkable moments of our lives that cannot be easily forgotten. It is like a dream come true for many. Weddings are usually expensive, but organizing a wedding ceremony doesn’t really have to cost a fortune. You don’t have to go above your budget for your wedding.

Here are a few tips on how to stick to your budget and ensure you save more on your wedding. With a thorough research and careful planning, you won’t have to break the bank to have the most remarkable wedding ceremony that you will remember for a lifetime

Advertising

1. Reduce cost per guest

One of the best ways of saving money is cutting the cost of food and drinks per guest and not the number of guests invited. You can opt for a buffet wedding breakfast which cost as little as £11.00 per guests, and as for alcohol, you can opt for less expensive ones.

2. Opt for all inclusive venue

If you are looking to get married in a particular venue, it is advisable to choose a place that offers everything including caterers, tables and chairs – at a reasonable price.

Advertising

3. Choose an off day or off season

Celebrating your wedding during off season or on another day of the week other than Saturday can save you a lot of money. You can decide to fix your wedding and reception on a Wednesday as compared to Saturday which is considered to be more expensive. You can also decide to have it in December and save more than in June and October, which is the most popular months for wedding. Everything is from the booking to the venue to the flowers gets costlier during the peak wedding season.

4. Shop around for photographer/videographer

There are lots of professionals who specialize in offering high quality wedding photography and videography at reasonable prices. Surf the internet and opt for the one that best suits your budget.

Advertising

5. Hire a car

Another great way of saving money on your big day is by booking a rental car to take you and your guests to your wedding venue and airport. On request, a reputable car hire service provider offers a vast array of classic cars with a designated driver for your wedding, at an affordable pricing. If you have plenty of out of town wedding guests, you can decide to book a wedding bus for several trips to the wedding venue instead of hiring the usual two to three wedding cars. With more cars at your wedding venue, you may have problem with limited parking space, so ensure you book a venue with a bigger parking space for your guests. A professional car rental company can help decorate your car or bus with wedding ribbons, flowers and bubbly of your choice to give it a more attractive and stylish look. With a car hire, you spend less and save more.

6. Save money for the wedding

This may seem too obvious to be a tip, but you’ll be surprised at just how many people wish they had started saving a little earlier for their wedding. Every girl wants to have her dream wedding at one of the most beautiful venues ever. However, you can enjoy the most memorable wedding experience ever if you have some money saved for the wedding ahead of time. The sooner you start to save, the more manageable the cost will be.This helps to cut the last minute costs and stress associated with the wedding.

Advertising

7. Use budget-friendly decorations.

Don’t spend too much money on decorations. There are lots of cheap decorative items such as white light and balloons on the market today. You can also decide to borrow decorations from family and friends. This won’t cost anything, but still add beauty and charm.

8. Find affordable wedding clothes

There is absolutely no doubt that the best way of finding cheaper wedding clothes is through the internet. You can find beautiful wedding dresses at affordable prices. The groom can also benefit greatly from shopping online at stores offering good discounts. Some stores selling wedding dresses also offers cufflinks and studs as compliments.

Advertising

Featured photo credit: Perugia Farmhouse via perugia-farmhouse.it

More by this author

Benefits of Energy Efficient Windows and Doors Tips on Choosing the Right Window and Door Expert How to Get A Car Loan With Bad Credit How To Buy A Pre-Construction Townhome How To Make Your Basement More Useful Than Just a Storage Space

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 Seven Tips to Save Money While Renovating Your Home 3 4 Ways to Make Every Penny Stretch in 2017 4 Getting Out of Debt in 4 Simple Steps 5 10 Amazon Review Sites That Will Get You Really Good Deals

Read Next

Advertising
Advertising

Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Advertising
Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

Advertising

Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

Advertising

If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

Advertising

Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

Advertising

8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

Advertising

Reference

[1] Hartford Gold Group: IRA Retirement Accounts

Read Next