Financial tips for the cost-conscious couple
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Metro Creative Services
Financial tips for the cost-conscious couple
Choosing less extravagant floral arrangements is one way couples can save money on wedding expenses.
Posted: Thursday, February 24, 2011 7:38 am
|
Updated: 8:51 am, Thu Feb 24, 2011.
Financial tips for the cost-conscious couple
Metro Creative Services
Lodinews.com
|
In a recent survey released by Visa Inc., 88 percent of couples
believed they overspent on some aspect of their wedding. Over the
years, weddings have become a major financial commitment, in many
instances ensuring a couple’s first task as man and wife will be
paying off the mountain of bills they accrued to achieved their
dream wedding.
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.
- 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 on a
few different types of drinks available. Offer just two or three
drink options instead of a full bar. Couples can also consider a
cash bar for mixed drinks to help lower the bar tab by the end of
the night.
- Switch fromSaturday. Saturday weddings are not only the most
popular, but also the most expensive. Couples with some flexibility
can save money by moving their wedding to a Friday or Sunday.
Couples who move their weddings to Friday often find they get to
spend more time with their friends and families the following day,
as guests are more inclined to stay in town an extra day than they
are on Sunday afternoons following a wedding.
- 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.
- Order less extravagant floral arrangements. Floral arrangements
for a wedding can prove very expensive. But couples can trim those
costs 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.
Posted in
Weddings
on
Thursday, February 24, 2011 7:38 am.
Updated: 8:51 am.
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