We all know that weddings are an expensive undertaking, and there is a great desire for the day to be perfect in every way. The cost of the average wedding continues to increase year-on-year, and it is thought the average wedding nowadays costs £21,000, a substantial amount of money. It is no wonder therefore that many struggle to pay for such a huge undertaking, so if you are one of those people, a short term personal loan to help pay for your special day may be the best solution. Wedding loans come in all shapes and sizes to suit your needs.
How can a wedding loan help you?
Whether you need to cover all the wedding expenses or just part
of them, the advantage of a short-term loan is that your payments will be
fixed, so you can budget accordingly. You can also spread out the term of the
loan for a period that suits you. If you can afford to pay off the loam in a
shorter timeframe, this will save you in overall interest payments. Use our
simple loan sliding calculator to find the right terms for you.
Money-saving tips
Whilst everyone wants their wedding day to be perfect, this
does not automatically mean it has to cost a huge amount of money. There are
numerous ways to save money without sacrificing what you want on your big day:
Buy second hand
The items needed for a wedding are very expensive – from the
ring to the dresses to the decorations. Thus, you may want to consider cutting
costs by buying some items 2nd hand, as the mark-down can be
significant, but the standard every bit as good as new.
Cut everyday spending
Covering the costs of a wedding does not just have to
involve looking at the costs of the day itself. Instead, why not try and save
money elsewhere, and free funds for the wedding? Little cuts here and there,
such as missing out on that occasional treat or meal out or the top you don’t
really need can help build up some much-needed funds for the big day.
Timing
The time of the year you get married will naturally have a
big effect on how much the venue costs and the entertainer/photographer
too. The summer months will see these
prices rise sharply, so it may be best to look at a date at another time of
year to save money. You could even hold the wedding during the week to save
even more.
Do It Yourself
Consider if there are duties on the day or preparations
before then that could be done by yourself – such as catering, photography,
decorations and so on – or perhaps friends or family who could do it cheaper
than the market rate. Just make sure you don’t take on too much.
Fewer guests?
You’ll be aware that the more guests you have, the more
expensive the wedding becomes, so perhaps some difficult decisions have to be
made, perhaps changing to a smaller, more intimate wedding with only close
family and friends.
Stick to the budget
If you have a budget that you can afford for your wedding,
then it is important to stick to it. Thus you stay in control of the
preparations and get the peace of mind that comes with budgets not spiralling
out of control. If necessary, you can decide what needs cutting back if any
aspect of the wedding costs more than originally anticipated.