Custom may hold that the bride's parents pay the majority of the costs for the wedding and wedding reception, but these days anything goes. If the wedding couple is established and good money earners, you may be expected to take on most to all of the costs associated with the wedding plans yourselves. Even the most unpretentious wedding can get very expensive, so it's sensible to follow these words of advice:
- Set your wedding budget and stick to it: It's easy to think the myth that the perfect wedding has to cost tens of thousands of dollars. Do your research and get creative when choosing wedding locations, your menus, decorations, flowers and wedding party gifts. And cut back on expenses where you can - so that you have more money to dedicate to your wedding budget.
- Apply for a joint credit card: This makes it easier to split the wedding costs evenly, and will teach you both about what’s it is like to share each other's assets, and has the added benefit of giving you more security when making deposits for big wedding ticket items and services like the wedding meal, dress and photographer. Of course, if one of you has considerably better credit than the other, it makes sense to get a credit card in that name only and then split the monthly bill. You can also earn frequent flyer miles toward your honeymoon trip with those types of credit cards.
- Consider taking out a small loan: Okay, so maybe you do want to indulge on a lavish wedding, after all. If that is the case, you may want to consider applying for a low-interest personal loan from your local bank.
- Invite your nearest and dearest only: The more people that attend the wedding the more costly the affair will be. Every head counts when it comes to a wedding. I always recommend only inviting those close to you…this is after all a very private and itimate event not a public showcase.
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