Financing A Wedding
February 10, 2009
When even a small party can sting your wallet; wedding which is a splendid affair is definitely going to leave you with a cash crunch. There are so many things that you need to pay for, for instance clothing, food, décor, banquet hall and the list goes on and on.
In the midst of that nice and cozy fairy tale, financing your wedding planning is one thing that can take away all the happiness. Nevertheless, financing a wedding isn’t really that tough provided you know how to go about it.
Know what you want?
You need to form a general idea of what kind of a wedding function do you want to host, along with the number of people you expect to invite for the occasion. While, expensive foods and lavish locations may seem tempting, do remember that such ostentatious display will cost you more money. And in the whole run you might end up cutting short your guest list, which can create hard feelings and resentment in your close circle.
Arranging for the funds
When you’re done with the general idea about the way you want to host your wedding, it’s time to reflect upon how to manage the expenses. There may be some relatives or friends who may have offered to feed the kitty, and if such is the case then it’s time to sit down with them and ascertain who is willing to pay for what. You can also request your parents and in laws to extend support, but be sure not to pressurize them for the same.
Check your balances
You must also spend some time on figuring out how much amount do you have on hand that you can spend on your wedding. Just remember one thing, that you must not exhaust all your savings on your wedding, because you’ll need some good money to begin your new life together. Avoid borrowing the money from your friends or family, and worse still avoid taking a bank loan for the wedding. If you don’t have the money, cut down on the lavishness of the occasion rather than ending up in debt.
Set a budget
By now, you would almost have a ballpark figure about how much the wedding is going to cost and how much is the cash available in hand. With a clear picture of the fund flow, you must sit down and decide how much budget you want to allocate to each of the different expenses such as clothing, flowers Etc. And whatever may come, don’t deviate from your budget if you don’t want financial problems to grip the two of you soon after honeymoon.
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