Your wedding is among the biggest of Life Events – and naturally, you want it to be exceptional. But it’s super-easy to get carried away with all the tempting choices involved. For years, Birkat Elyon has helped couples get started with gorgeous cubic zirconia engagement and wedding rings. And because our high-quality CZ jewelry is so affordable, they start out on a smart financial foot. Here are some other smart ways to pay for your wedding – without losing your shirt.
MAKE A SMART BUDGET
Start with your budget goal for the wedding, then divide it by the number of months you have to save for it. Example: if you need $20K and your wedding is a year away, that means you need to save about $1700 a month. If that seems like a lot, you can either cut the budget or extend the time until you get married. Having a “number” makes it easier to focus. On that same note, create a dedicated “wedding account” to stash your savings.
USE CREDIT CARDS WISELY
It’s a given that reserving venues and vendors will likely require a credit card. You can come out ahead by using one that gives you reward points that can go towards things like airline miles (which you could use for your honeymoon). Just don’t spend more than you can realistically repay on time. One of the biggest mistakes new couples make is starting off a marriage deeply in debt; rely on the aforementioned “wedding account” to stay on top of credit card bills.
EASY CUTBACKS
How many subscription services do you have? You know, the ones that automatically deduct money from your account each month? Could you do without Spotify, Netflix, Amazon Prime, your gym membership for a bit? Those monthly costs can add up quickly. Same for the daily things we buy that we don’t even think about: coffee, lunch, bottled water, cab rides, parking. How many of those purchases can you cut back on – or cut out altogether?
On that same note, talk to your cellphone and cable provider to see if you can get a better deal. The truth is, they would rather keep you as a customer than find a new one, so you might be surprised at how willing they are to cut you a break. Stash all the savings in your Wedding Account and rejoice at how every little bit is getting you closer to your dream ceremony.