You're engaged! Now what?
Have you or your significant other popped the big question this Valentine’s day? If so, congratulations! While you may want to jump straight into planning your dream wedding, we all know that this doesn't come cheap. Check out our budgeting tips to help you cut costs while still having the wedding you’ve always wanted.
Set a budget
With the average Irish wedding costing about €20,000, costs can quickly spiral. A good way to help you stay on track is to set a budget before you begin to plan. Check out our wedding budget planner to help you work out what you need to spend for the big day. It will help you prioritise your spending and decide what’s really important for you, and what can be cut out.
Start a savings plan
To avoid racking up debt, consider opening a savings account dedicated to your wedding costs. A set amount saved regularly will mount up quickly, and will also help to spread the cost in the months coming up to the wedding.
Everyone wants their big day to be perfect, but you’d be surprised by how you can make savings without compromising on the most important things. A great money-saving trick is to get married off-peak, as the month and the day you choose could save you thousands of euros. And don’t be afraid to haggle! Wedding venues will expect this, and even if you can’t get a price reduction, they might throw in some extras at no added cost.
Instead of spending a lot of money designing, printing and posting save-the-dates, customise a free version online and email it to your guests. If you want to make a serious saving, you could also do this with your actual invites.
Ask for help
Are any of your friends or family budding bakers or photographers? Maybe you’re related to some talented musicians, or friends with a flair for floristry! Most people close to you will be delighted to help out, and by enlisting their help you can make savings on the many costs associated with your wedding.
Do your homework
With so much information available at our fingertips nowadays, it’s easy (and advisable) to do some research before you pay for anything. Join online discussion forums and read up on wedding blogs to find out about other people’s experiences with suppliers and ways you can cut costs. You should also be wary of scams - scammers are always looking for ways to con people, and the last thing you want is to become a victim of a scam and lose your money.
Be careful what you pay for
With money flying out to different shops and suppliers, it’s a good idea to pay by credit or debit card instead of cash, as this offers you some protection if things don’t go as planned. For example, you might be able to request a chargeback (this is when your card provider agrees to reverse the transaction) if something goes wrong. Don’t sign a contract with a venue until you are sure exactly what you’re getting. And remember that when you pay a deposit, the amount paid is generally non-refundable.
Taking out wedding insurance offers you more security if something does go wrong, such as a company going out of business, or not following through on the service they promised to deliver. Many insurance providers offer wedding insurance, so you can shop around for the best price - just make sure you know what the policy covers before you buy. You could also consider getting engagement and wedding rings valued and insured as ‘specified items’ on your home contents insurance so you are covered for any loss or damage.
Published Date: 14/02/2017