Contrary to popular belief, it is possible to have a gorgeous wedding without paying 6 figures.
My husband and I got married 4 years ago, and I knew from the get-go that a wedding could bring on huge amounts of debt. I was not a financial wellness coach at the time, but I was very financially savvy as a financial broker and wanted to have the nicest wedding possible without killing our bank account. I wanted to start off our lives together at a good place financially and not have to repay the debt for our wedding years after the ceremony ended.
If you share these same feelings, here are some tips to help you plan your dream wedding on a budget.
Save, Save, and Save Some More!
Planning your dream wedding starts with saving up. My husband and I saved up for our wedding for 2 years before the actual ceremony. We lived very practically for those 2 years—no big purchases outside of wedding costs, and our rent at the time did not exceed $2,000. Part of those savings were dedicated to a down payment on a house while living in Los Angeles.
Saving as much as possible before our wedding helped us to have a head start on our mortgage and cut down on debt for years to come.
Ditch the Expensive Venue
Believe me, you do not need that expensive venue! It’s possible to have a beautiful wedding without the outrageously ornate location.
For our venue, we choose to get married in Kentucky (that is where Matt, my husband, is from) instead of California because we wanted our money to go further. The type of wedding that we had if we decided to get married in California would have easily been a 6-figure wedding.
Be Smart with Your Credit Card
Think of your wedding expenses as a great way to quickly and easily build up your credit score.
My husband and I charged everything on our credit cards for the wedding and paid everything in full every month. That way, our credit grew while paying bills we needed to pay anyway, which helped us get a better loan for our home.
Get Your Honeymoon Paid for
There are some tricks to getting your honey moon mostly paid for, but you will need to plan ahead. For example, my husband and I are Marriott members and had our wedding rehearsal dinner at a Marriott venue. Plus, we racked enough points by traveling for a few years, making our honeymoon almost 100% covered. Racking up airline miles and credit card points over time can help get your honeymoon paid for as well.