wait a moment

Something Borrowed: 4 Ways to Have a Budget Friendly Wedding

While any major party or event has its costs, weddings with ridiculous price tags are becoming increasingly common. In fact, the cost of weddings in recent years has been enough to make some couples put off tying the knot altogether. The average amount spent on a traditional American wedding is $35,329. However, you don’t have to spend an entire year’s salary to have a memorable, romantic, and heartfelt wedding.

Thankfully, there are ways to celebrate a frugal wedding. Here are four tips that will help you avoid going broke when tying the knot:

Schedule For Savings

While most people traditionally choose to have their weddings on weekends, particularly Saturdays, scheduling your wedding for a weekday or unconventional time can help cut down on costs. Many vendors and venues lower their prices during less popular times for weddings as a way to help draw in business more consistently. Also consider scheduling your wedding for an off season, like late fall or winter. True, you’ll have the weather to contend with, but an indoor wedding can be gorgeous and also save you plenty of cash.

Consider Uncommon Venues

Just because a good number of weddings take place in a church or other religious venue doesn’t mean yours has to. Rather than shelling out thousands of dollars for a popular or “traditional” venue, look for more affordable options, like renting a public park. You can even get creative with your venue choice for a truly unforgettable event; try contacting your local museum, library, or even the zoo for a unique wedding that people will talk about for years to come, at a fraction of the cost of a traditional ballroom or religious setting.

Slim Down Spending

When looking at vendors, decorations, and other party-planning details, go down the list and see just how much you really need to be spending. Not everything requires you to hire a vendor; for example, feel free to skip on the DJ. Plenty of apps and programs exist nowadays for you to manage the music yourself. The ideal playlist for a three-hour party is 52 songs long, so go ahead and pick out your favorites to make a party playlist without the price of a DJ.

Think Outside the Box

Remember that at the end of the day, your wedding is your own. While there might be some pressure from family or friends to organize your big day in a certain way, there aren’t actually any rules saying what makes a wedding good or not. If you want a traditional wedding with all the works, that’s perfectly fine. However, if your ideal wedding has you thinking outside the box, that’s great too. Going for more unconventional weddings can also offer you more ways to save, so look at ways that people are breaking tradition for your wedding inspiration.

Ultimately, a wedding shouldn’t put you into uncontrollable debt. FICO recommends that your credit utilization ratio should not be higher than 30% of your original credit limit, so if you find yourself pushing your credit limit to accommodate your wedding spending, consider using a few of these tips to reduce the cost of tying the knot.

Photo Credit: stock photo

cfd trading tips