From destination weddings on white sand beaches to luxury yacht weddings, couples are getting creative when coming up with new and exciting ways to organize their wedding reception.
Dream luxury weddings often come with a hefty price tag, even for bridal party weddings. That is why members of a wedding reception should be mindful of the costs associated with a wedding.
Check out these cost-cutting methods designed to keep you from defaulting:
Set a personal budget
The most important step in any financial or expense planning effort is budgeting. List all the expenses you can think of. This cost includes logistics costs such as travel, hotel, car rental, meals and entertainment.
Some weddings transfer expenses such as hair, makeup, and clothing to the bridal party. If that’s the case, you’ll want to incorporate those numbers into your budget, too. The cost of the bridal shower and bachelor and bachelorette party expenses are usually covered by the members of the bridal party, so keep an eye out for those additional costs.
Now that you have all the numbers, you should be able to think about the total amount. You can cut back and adjust your budget accordingly and start the saving process. If you find budgeting difficult, try using a tool like Monorail app to help you list and save on specific items within your budget.
Use your network
You might be surprised at the power and reach of your personal network. From co-workers and work contacts to your college buddies, they all can play an important role in cost reduction associated with bridal party and wedding day logistics. Spread your message and ask people in your network if they know of any good deals or contacts that could save you money.
For example, instead of hiring an expensive bartender, someone in your network is bound to know an expert who can offer a better price. The network also works for other areas of the wedding reception. Looking for a photographer, florist, or masseuse for your party members? Someone on your contact list may know a good person who can offer a competitive price. Just ask because the network works wonders on any budget.
Have a clear financial conversation with the bride and groom
It’s a fun time for the bride and groom. Emotions run high as they prepare for the most incredible day of their lives. The last thing anyone wants to talk about is money. But you must.
Find out the exact amount the wedding party members are responsible for. The last thing anyone wants is a misunderstanding based on assumptions that leads to hidden costs.
Email conversations work best because you can include expense breakdowns, receipts, contracts, and financial statements to help manage and record all the numbers.
Now that you’ve practiced some of the traditional cost-saving measures to be able to attend a wedding, there are always more ways to save money. Chances are you’ll be friendly with other people at the wedding party. Great, you just found your new travel partner. Sharing hotel rooms, meals, cars, and other logistics costs is one way to save money.
Don’t forget to speak up. If you see an unnecessarily large expense that the wedding party is responsible for, speak up and suggest a more affordable alternative. It’s your money, after all.
Do your homework
In most cases, the wedding is a calendar year away. That’s enough time to create a lean budget and start saving. If you do your homework, you may find additional cost-saving measures like Book flights and hotels in advance. Try tracking fares and buy tickets when fares are lower. Never wait until the last minute to buy hotels and plane tickets, because you will always pay a high price.
Don’t forget memories
Always be proactive when saving for the wedding. Attending a wedding can take a toll on your finances, but if you follow these simple steps, you’ll be ahead and then be able to enjoy the celebration with the bride and groom on your special day. their distinction.