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Moneyline Blog

Say - I Do - to Savings During Wedding Season

We all know the price tag on planning a wedding celebration can get pretty expensive very quickly, with today’s average wedding costing nearly $29,000, according to The Knot. Even attending a wedding as a guest can get expensive, especially if you’ve been invited to several this summer. Check out these easy tips for enjoying the wedding festivities without depleting your bank account.

  • Set a budget. It’s important to create a budget according to your financial position and stick to it. This way, you have a plan for how much you feel comfortable spending on travel, gifts, and additional expenses which tend to add up quickly.
  • Buy early. Purchase your gift for the happy couple a few months before the ceremony. Starting early will allow you to choose a gift from the registry that fits your budget instead of being left with the priciest items a week before the wedding.
  • Split the cost. If you do end up having to purchase an expensive gift, go in on the item with other guests. Chipping in will help lower the cost for everyone and may end up being less expensive than getting a smaller gift on your own.
  • Get creative. If everything on the registry seems a little out of your price range, give the couple a sentimental gift they’re sure to appreciate. Personalized ‘his’ and ‘hers’ items will be remembered more than a coffee maker.
  • Rent your look. In need of some new wedding attire? You can rent your dress or tux instead of purchasing a new one entirely. Try websites such as Rent the Runway or Tuxedo Rental from Men’s Warehouse to search the newest looks.
  • Cut the travel costs. Out of town wedding? Save on gas by checking GasBuddy before you travel. This website helps you find the cheapest gas prices in the area. And if you’re looking to book a hotel, try discount deals from sites like Hotels.com or Kayak.com that show you the best pricing on accommodations. Be sure to book this early as well.

And finally, don’t stress! If attending multiple weddings just isn’t financially feasible, be honest with the bride and groom and respectfully decline. They of all people will understand the high cost of a wedding. This way, you will be able to save up for the weddings of those you care about the most.

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