How to watch out for mounting wedding costs and tackling them
Wedding season has officially arrived, and while it’s a happy time for couples and their guests, often weddings can prove quite costly. We at Wedding News have put together a few clever cutbacks for your wedding without leading to woes.
How costs can mount up
According to a survey of married UK couples from Nationwide Building Society, the average wedding costs roughly £8,000. Additionally, 11% of couples are splashing out more than £20,000 on their wedding. With big costs to cover such as the venue, wedding dress, wedding travel, reception, food, etc. some couples are tempted into debt. Website MoneySuperMarket has recently stated that its seen a huge jump in people applying for wedding loans- which include applications of over £20,000.
Nationwide also puts the average cost of being a wedding guest to roughly £400, of which £150 is usually spend on the hen or stag party. Whereas, £250 goes towards the ceremony.
If you are a couple looking to trim the cost of your wedding, maybe try and consider how those who are already married trimmed their budget successfully. Survey’s have found that majority of people “downgrade” the wedding dress to save money, followed by the invitations, number of guests, the venue and food. Numerous high street stalls now sell wedding dresses for brides on a budget, or you could go for a more vintage look by having a browse at charity shops, auctions or websites for a bargain.
If you need to go into debt, do your research
If you can’t see any other way of having the wedding you wish for, at the very least it’s important to compare loans for the best deal. Kevin Pratt, a consumer affairs expert at Money Super Market, says: “As with any borrowing, it’s also wise to set a schedule following the wedding to make sure you can repay it in good time.”
How to cut the costs for your guests?
Nearly 63% of brides ad grooms actively think about how they can cut the costs for guests attending their weddings. They do this by choosing a venue within a close distance to friends and family, selecting a stag or hen do that won’t be too pricey, and asking guests not to buy gifts.
Here are some tips for couples planning a cost-conscious wedding for their guests:
- Alert international guests early
- Negotiate room deals
- Consider the venue carefully
- Make gift lists affordable
For more wedding news and tips have a look at our other news and blogs at, http://www.wedding-news.co.uk/.