Financial Tips for Cost-Conscious Couples

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 In today’s economic climate, the cost of weddings is even tougher to swallow, as both the domestic and global economy remains difficult to predict.  Economic uncertainty has left many young couples fearful of making a big financial commitment to their weddings.  But it’s still possible for couples to make the most of their wedding without landing themselves in heavy debt once the honeymoon is over and the bills must be paid.  Following are some helpful suggestions.

LIMIT BEVERAGE AVAILABILITY   In the Visa survey, respondents felt they overspent more on food, drink and cake than any other aspect of their wedding.  The bar tab can quickly add up at the end of the night but couples can limit the bar expense by making a few different types of drinks available.  You may offer just two or three drink options instead of a full bar.   Couples can also consider using a venue that allows you the freedom to supply your own food (catered) and beverages which makes it possible for you to set and stick to a firm budget allowance.

FORGO A TRADITIONAL HONEYMOON   Seventeen percent of male respondents to the Visa survey felt they overspent on their honeymoon.  While it’s certainly nice to fly off to the Caribbean and spend your first week as a married couple soaking up some sun, a more local getaway for a couple of days can be just as relaxing and save couples substantial amounts of money.  Once the bills have been paid, couples can then enjoy a more traditional honeymoon, possibly in celebration of their first anniversary.

LIMIT THE GUEST LIST   Inviting all friends and family members might be a nice gesture, but it’s also an expensive one.  Cost-conscious couples can save a good deal of money by only inviting those friends and family members who are closest to them.   Finding a venue who does not charge based on the number of guests would also be helpful in staying with a budget.

ORDER LESS EXTRAVAGANT FLORAL ARRANGEMENTS   Floral arrangements for a wedding can prove very expensive.  But couples can trim those costs by using more greenery in the floral displays and ordering less expensive, seasonal flowers.  When discussing arrangements with the florist, explain that the budget can only allow so much for flowers,, and work together to find ways to add aesthetic appeal without breaking the bank.    Another consideration might to look for a venue with numerous gardens.  Many outdoor wedding venues require fewer flowers as they surround you and your guests with beautiful flowering landscapes.