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How To Plan A Wedding Without Going Into Credit Card Debt

How To Plan A Wedding Without Going Into Credit Card Debt
Photo via Flickr by Emily May

Weddings can be very expensive, and many people bust their wedding budgets each and every single year. The average wedding is somewhere around $26,000, which is a lot of money!

I was reading a forum the other day and I came across someone who said that they went into $50,000 worth of credit card debt because of their wedding. While I think a wedding can be a great time, I also do not think that people should go into insane amounts of debt because of it.

I think it’s very possible to have a great wedding on a realistic budget. Whatever your budget is, as long as you can afford it, I have no problem with how different people spend their money. The key is to spend what YOU can afford.

Be realistic with a wedding budget.

You should come up with a wedding budget that you can actually afford without going into any sort of debt. For example, if you are living paycheck to paycheck, then having a $200,000 wedding is most likely not in your budget.

Making a budget is important – will you have a $3,000 wedding or a $25,000 wedding? Expenses can add up quickly, but there are ways to save.

Figure out how much you need to save.

If you want a $10,000 wedding, and your wedding is 10 months away, then you need to save $1,000 each month. Knowing exactly how much you need to save each month can make your budget seem more realistic and doable.

Bargain hunt.

Yes, it is possible to have a $3,000 wedding. There are different things that you can do to lower your budget. The more you DIY, the more money you are likely to save. You can save money by cutting the guest list, having your wedding on off days or during the off-season, negotiating different wedding expenses, and more.

Make more money.

If you want an extravagant wedding but don’t have the money to do it? You may need to work on earning extra income. There are many different things that you could do.

You could find a part-time job, start a low-cost business, freelance, take on extra hours at your current job (if that’s possible), and more. Many people work on making extra money so that they don’t have to cut back as drastically in other areas in their life so that they can afford a wedding. It can make it more of a win-win!

How much did you spend on your wedding? Did you have any regrets?


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