When we are young, we all dream about the day we get married. We imagine the horse and carriage, the wedding dress of all wedding dress, and the thousands of people that will be in attendance. Once we get older, these dreams do change a bit and become a bit more realistic. However, this does not stop them from being expensive. The average cost of a wedding in the UK is no £27,161, which is the highest it has ever been. So, how do you save for your dream wedding? Read on to discover some useful tips.
Start by creating a budget – There is only one place to begin, and this is by creating an effective budget. Your budget does not need to be complex. It simply needs to include all of your incomings and outgoings so that you can get a true understanding of the money you have coming in and going out every month. You will then be able to see whether you are spending money on needless things, such as subscriptions. Cancel these and put the money towards your wedding each month. You can also see how much money you have left over, which will help you to dictate the amount you can comfortably afford to put away per month.
Look for second sources of income – Nowadays, there are so many different ways that you can make extra money thanks to the Internet, so make the most of these. Any earnings you make should go solely to your wedding fund. Freelancing is a wise place to start. If you have any skills that can be delivered over the Internet, for example, writing, translation, software development, admin, website development, and so on, then you will find plenty of jobs online that you can apply for. This is a great way to make some extra cash. Other options include selling some of your belongings, renting out your driveway, and doing paid surveys online.
Consider finance options carefully – A lot of people take out loans and make the most of other credit options when it comes to their wedding. Some venues and establishments offer helpful payment plans as well. You will often need a positive credit score to make the most of these, which is something Lexington Law can assist you with if your rating is poor. Before agreeing to any finance deals, though, make sure the terms are favourable and that there are no hidden expenses. The last thing you want is to end up in a worse financial position than when you started,
Hopefully, you now feel more prepared for saving for your dream wedding. There is no denying that this is going to take a large effort on your behalf, but it will certainly be worth it when you have the wedding of your dreams. Follow the advice that has been mentioned above, and once you start to gain momentum, you will find that saving becomes easier and easier. Plus, it will certainly all be worth it on your special day!