Do you wish to make your wedding a memorable affair? And, have you dreamt of a specific theme or the number of people you wish to invite. All this, however, involves a lot of money and the effort involved in arranging the same can spoil your special day. To avoid such a situation, you need to plan your finances and ensure that you don’t go overboard in your quest for a dream wedding.
Timely financial planning and regular deposits in your savings account can help you organise the wedding of your choice. You can even open different types of savings accounts to build up a kitty for different goals.
How to Fulfil Your Wedding Goals?
Timely planning is the key to achieving your financial goals including the ones relating to your wedding. This includes checking up on your finances, setting up a budget, looking around for the best available options and timely arrangements. For arranging the necessary finances, the first option is to use your savings and then go for personal loans or use of credit cards or other modes of financing.
Here are some important tips that will help you to have a dream wedding:
Set Realistic Goals
The most important thing is to set realistic goals keeping in mind your financial situation and ability to arrange finances from varied sources. Although personal loans and wedding loans are available, you have to repay them so plan accordingly.
Avoid the Peak Season
One way to have a dream wedding while cutting down on costs is to choose a date that does not fall in the peak marriage season. This will ensure easy availability of the venue, caterers, and wedding organisers, while also helping you make other arrangements quickly.
Set a Budget and Plan Accordingly
Look for innovative and affordable themes to plan your function. Do adequate research and compare the cost of various venues and do the bookings well in advance to get good discounts. You can even use your home to organise some smaller functions and go for simple décor like the use of flowers.
Start Saving Early
Saving a certain proportion of your income is always a good idea and can prove to be useful for funding big expenses in the future. Opening a savings account offline or online at a young age will help you become financially disciplined. Plus, you get the benefit of saving account interest rates.
Plan Your Investments
Another way to ensure that you are not short of funds is to plan your investments in such a way that they mature around the time when you plan to get married. You can either go for fixed deposits or mutual fund investments.
Use Credit Cards
While shopping for your wedding, use your credit cards to make the payments. Credit cards provide access to interest-free credit for a specific period, and you can use this option to fund your immediate expenses and paying it back by the due date. This will ease some burden in the wedding month and allow you to distribute it to the next month.
To ensure that everything goes well without any hiccups, allocate the implementation of wedding-related arrangements amongst your friends and families. This will ensure that you are not running around making arrangements on your wedding day.
These tips will help you fulfil your wedding goals and have a dream wedding of your choice.