Home > Uncategorized > 5 Tips to Avoid Going in the Red for Your Wedding

Comments 0 Comments

Planning a wedding can be time-consuming and put a strain on your wallet, so it’s important to stick to a budget. The average U.S. wedding costs over $26,000, but if you play your cards right, you can stay on track — and out of debt. Here are five tips to help you stick to your budget when wedding planning.

1. Create a Wedding Budget

Once Mr. (or Ms.) Right, pops the question, you’ll want to write up your wedding budget. Planning a wedding can be extremely time-consuming, so it’s better to have your budget ready before it begins.

Try to draft a budget that meets your means and will not affect future plans. You may want to cut costs while you plan your wedding so you have more room in your budget for last-minute expenses.

When creating your budget, remember to distinguish between something that’s “super-important” and what can wait (or be found at a cheaper price). For example, you may have a specific band you would like to play. If this is a large cost, you may have to cut prices on other items that aren’t as important. Perhaps you’ll create your own flower centerpiece instead of hiring a florist.

2. Reach Out to Married Friends

You may be a “rookie” at wedding planning or interested in what your married friends have done in the past. Asking friends and family for financial advice is completely normal and can help you save extra cash. Ask if they know any potential vendors, hair salons, photographers, etc. Some may even provide a discount with a referral.

3. Trim the Guest List

While everyone wants all their friends to be there to celebrate, that can come at a large cost. Consider cutting back some of the invites. If you have trouble removing some guests, consider making your wedding adults-only to eliminate the cost of children.

4. Plan Around Discount Dates

The venue is an important part of your wedding, and may indeed be the biggest expense in your wedding budget. However, there are ways to get the best bang for your buck on location. Consider booking your wedding on a Sunday, a weekday or during the off-season (November through March). These rates can be up to 50% cheaper than hosting on a Saturday or over the summer. If you are planning a smaller wedding, consider hosting your wedding at a park or on a local beach to save even more.

5. Hold the Ceremony & Reception in One Location

If you have the ceremony and reception at the same place, you not only eliminate one location expense but travel time and costs. Your guests will be pleased they get to stay in one place!

Image: Brendan McIlhargey

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team