It’s no secret that budgeting for a wedding is stressful, especially if you are paying for it all by yourself. With the future getting closer and closer you might be pondering ways to save money quickly so that you don’t have to go into debt in order to have a fun wedding celebration. Or perhaps you have future goals of owning a house or the cost of having children to worry about. Well do not worry a second more, here are 10 EASY doable steps to save money TODAY!
Make it a challenge who can save more. You vs. your fiance. Save all the extra money for your wedding. If you need an accountability partner, I am currently doing a no-spend quarter(Jan-Mar) and would love to help provide encouragement and tips.
I’m talking about no Starbucks, no pizza delivery, no take-out Tuesdays. According to Business Insider in 2019, the average amount that the average person(not family, person!) spends on eating out in a year in CA is $3,295 & in CO that is $3,387 annually.
This can seem daunting and intimidating to have to plan your meals out for the whole week. But planning everything out will allow you to take fewer trips to the store, which means fewer chances of buying items that match your cravings. I would also recommend collaborating with either your roommates or fiances in meal planning to help make it easier too!
Do you have items collecting dust that you might use one day? Or older versions of technology that you stuffed into a box when you upgraded? Guess What!? Those items are worth something. Something that can go towards your dessert cost, accessories, tips for vendors, etc.
Stimulating the wedding economy is a great way to support vendors and help you save money. If you both qualified for the $600 stimulus package. Put that money into your wedding savings account or in an investment account that can accrue money over the next year!
If shopping is accessible then you are more likely to spend money. Make shopping less accessible. Delete the apps that are on your phone. Only shop from your computer and better yet. Delete saved payment information to make you think about the worth of your purchases.
I sit down every single Thursday to budget out the next week. I look at the bills I have and the total amount of income I have for that week and I “spend” all that money. I don’t have any extra money leftover in the end. If money appears to be left over after paying bills, then that money should go into your wedding savings account, which will grow quickly over time!
Everything adds up. If you find that you have no problem spending these amounts on these items. You totally have the capacity in your budget to save money quickly for your wedding.
While buying items second hand may seem gross or distasteful, it’s actually a great way to save money on at times brand new items. Not all second hand comes from thrift stores like Goodwill or Salvation Army. You can actually purchase brand new items that people were given or never used so they are getting rid of. Some of my favorite places are:
This is a common tip for starting to cut costs in your budget. Do you know a friend that you could split the cost and share the log in for streaming services? If so, do it! It doesn’t have to be forever, but if it can begin saving you $10 a month, that is worth the investment.
Pay your wedding $5 a day into a savings account. If you do that today until June 5, you can save $755, which becomes $1,510 if both you and your fiancé do that. Before you know it you can save thousands of dollars. Here are some more month breakdowns to incentivize you:
Of course, please feel free to reach out to us with any questions you might have or to schedule a budgeting consultation.