Unless you’re planning to elope, you’re likely to require a lot more than luck to get through your wedding day – and I’m not talking about enduring all that time with the new in-laws. How you opt to finance your wedding will be among the first important decisions you make as a couple.
In days of yore, the bride’s family acquired a big portion of the small wedding loss, while certain specific costs were handled by the groom’s side. Today, the couple marriage will grab more of the expenditures, and you can find a lot of these.
The typical wedding price $27,852 in 2006, based on the Conde Nast Bridal Media’s 2006 American Wedding Study, with about a third of couples funding the whole shebang on their own. Since then, The Wedding Report, a business that tracks wedding statistics, tasks that the common 2008 wedding can charge $28,704, with the number rising to $33,552 in 2013.
You may spend less or even more for the same wedding, depending on where you stay, but on average, the big day will probably charge between $14,366 and $43,098 – excluding a honeymoon or engagement ring. Click here to get a more accurate estimate of what the regular charge is in your area.
Your wedding can quickly be significantly less costly — without you two eloping. There’s a lot to be said for careful budgeting, but however, about half of all weddings end up costing twice the budgeted amount, reports Shane McMurray, the president and President of The Wedding Document. So if you are going this option, you need to watch yourself and never get caught up by bills that basically aren’t important to you. Concentrate on what really matters to the two of you and discover methods to save on the rest.
One bride I know and love got her wedding dress at Goodwill, informed guests that she was documented at Citibank, and used a helluva party on a shoestring. There was plenty to consume, buffet-type, and the party was a blast – live band and all. Nonetheless it surely isn’t a wedding that will be remembered because of its area, lovely accessories, or flowers. If this bride’s approach makes your eyes cross, you'll find a large number of articles on the Internet about how to throw a frugal wedding.
But if you’ve always imagined a large, fancy wedding, it may be yours… one way or the other. Hopefully, you have a wealthy relative who wants to get the loss – or your spouse-to-be does. If not, you might be considering getting some of those wedding loans you see advertised, with prices “as low as 7.49%.”
Other options include selling your gold or diamond jewelry, or even pawning it, we advise against selling your engagement ring, and rather pawning it will be an OK option in a crunch, at least you'll get it back opposed to selling it.
Does the man in your life have a nice watch? Consider he sell his luxury watch as well, there are plenty of watch buyers that will gladly buy it, or even make a loan for it.
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