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5 Tips For Having A Low Cost But Still Magical Wedding

5 Tips For Having A Low Cost But Still Magical Wedding

Your wedding is likely to be one of the most memorable days of your life. The moment you and your partner tie the knot is going to feel magical no matter what your wedding looks like, but most people would prefer their magical moment to happen in a beautiful place, in a well-planned ceremony, and witnessed by family and friends.

Unfortunately, sometimes the cost of that magic can be astronomical. Wedding costs have soared in recent years, and the average price tag for a wedding is now over $30,000. That gorgeous, elaborate dream wedding you’ve planned all your life may be a little extravagantly priced for your budget, but there are a number of ways to budget your own wedding without sacrificing that magic.

1. Keep your guest list short and sweet

Roughly 50 percent of your costs will go to the reception, and the vast majority of that cost will be in the form of food and alcohol for your guests, as well as tables, seating, table tags, any wedding favors and venues large enough to accommodate everyone. Needless to say, the size of the guest list determines the cost of your wedding. There’s simply no way to get around the fact that the more you invite, the more costs you will incur.

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The best way to keep a wedding affordable is to keep the guest list as trim as you’re willing to keep it. Rather than a 250-person event, strive for a smaller wedding of 100 or less. This will allow you to look at smaller locations, and might even afford you the option of using someone’s spacious backyard or home as a venue, which can save on venue costs and slash your expenses even further.

2. Thrift and borrow decorations

Renting linens for a night can cost several hundred dollars. Borrowing linens from your parents costs nothing. Buying linens used can cost less than $50 for a full set if your local thrift shop has them around.

Using thrifted table decorations, DIY centerpieces and curtains your friend still has left over from her birthday bash will cut down on renting and shopping for these extra costs. Borrowing things like speakers and browsing Craigslist for wedding decorations can also turn up decently priced surprises to chip away at the expenses on your budget list. Everything adds up, which means anything you can knock off the total price counts.

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3. Find an unusual wedding locale

A city park may have little to no fees to rent the space for your wedding, and may give you the beautiful manicured landscape and outdoor ceremony you’ve always wanted. Canadian company, Wonderstruck Events Vancouver, suggests a small guest list will give you more options on budget venues.

For example, a local art museum that you know looks stunning in the right light can be persuaded to close for a night for a cheaper cost than a traditional venue, and without the associated difficulties like minimum head counts, expectation of tips and bloated costs that come with the wedding industry. Look for out-of-the-way places to hold your wedding.

4. Ask for labor among family and friends

If you have a friend trying to start his DJ career, ask him to DJ as his wedding gift to you. If you have a cousin with a camera and an eye for style, ask if she will be your wedding photographer for the day for a nominal payment (or as her gift, as well!). Does your mom have a skill in the kitchen? See if she’ll help feed your wedding party for the reception.

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Ask your brother who works in a bar to make mixed drinks for guests, ask your other cousin who’s in Orchestra if he and a few friends could record a piece for your wedding. Even a wedding planner can be outsourced to a family member or friend eager to help out in exchange for not having to spend cash on a gift.

5. Plan according to the season

Everyone knows June and July are the most expensive months to get married. The cheapest months to get married tend to fall in the winter and fall, including January, March, April and November. These cooler months tend to come with even cooler nights; one quick way to save on costs and avoid a chilly affair is to plan a mid-day wedding, which is often in less demand and therefore cheaper to book.

In addition, using foods and flowers that are in-season and locally grown can save boatloads in costs. Flowers alone can wrack up hundreds, up to thousands of dollars, especially for a wedding that uses out of season or exotic plants, or supplies flowers for the entire bridal party.

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Using food that’s in season and locally grown, whether it’s catered or home-made, will also keep costs from racking up. For example, the cost of strawberries in a strawberry dessert could be $4 or $5 a pound in the summer, but in the cooler winter months when it’s in season you can find locally grown-strawberries in many regions for $2 or less per pound.

Your wedding doesn’t have to be dull on a budget. You can have a glamorous dream wedding that leaves you breathless without leaving your wallet empty afterwards. Enjoy your wedding planning!

Featured photo credit: lindsey child via flickr.com

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Published on September 17, 2018

How Being Smart With Your Money Leads to Financial Success

How Being Smart With Your Money Leads to Financial Success

Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

1. Avoid being “penny wise but pound foolish”

It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

2. When you want something big, wait

Impulsivity can get you in trouble in most aspects of life. Finances are no different.

It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

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So, you get the itch.

You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

Here’s where you have to take a step back.

Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

The impulse faded. And you just saved yourself a ton of money.

3. Live smaller than you can afford

You finally get that big raise. And you want to celebrate – and why not?

You’ve been looking forward to this forever. And after all, it was all due to your hard work.

That’s fine, splurge a little. However, make it a one-time deal and be done.

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Don’t get caught in the trap that just because you’re now making more money, you should spend more.

Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

4. Practice smart grocery shopping

Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

Create a grocery budget

Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

Make a list… and never deviate

Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

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You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

These impulse decisions will lead to overspending, which will derail your grocery budget.

Eat before going grocery shopping

It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

This makes it much easier to stick to your grocery plan.

5. Cancel your gym membership

Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

The average gym membership costs around $60 per month. That’s $720 a year.

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Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

It’s baby steps… And baby steps can start now!

I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

Featured photo credit: Unsplash via unsplash.com

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