Making your dream wedding a reality – Understanding the costs

Having a good understanding of the costs involved in making your dream wedding a reality is key. That said, there are several ways to save money on making your dreams come true.

It is estimated that the typical wedding now costs anywhere between £9,000 to a staggering £32,000. Having a good understanding of the costs involved in making your dream wedding a reality is key. That said, there are several ways to save money on making your dreams come true. Join us as we explore how you can make your dream wedding more affordable.

  • Finding the perfect engagement ring

    Typically, the process of getting married for couples starts with the engagement ring. Although everyone is different, most Jewellery advertisers encourage people to spend roughly two months’ salary on the perfect ring. This can be a daunting reality for a lot of people, and it is simply not possible to spend this much for many of us. However, you can save money by visiting one of the UK’s famous “jewellery districts”, Hatton Garden (London) or the Jewellery Quarter (Birmingham). There are a host of competitive vendors in these districts to choose from. Moreover, you could consider purchasing your ring second-hand, which could mean saving a significant figure overall.

  • Use a budget planner in advance

    Breaking down the different costs involved in a wedding in advance can help you to save in the long run. This is especially true for when you want to book venues, caterers, and travel arrangements if necessary. It is helpful to write down all the services that you want to utilise during your wedding day, then start searching as soon as possible. If you can book early, it is likely that you will get a better rate.

  • Consider picking an unconventional day or season

    Getting married on a weekend or during the summer can cost considerably more than during the week or during the winter months. There are factors to consider, such as guests getting time off work and children being at school, however, if this can be negotiated you could save a considerable amount of money. For instance, hosting a wedding during the winter months as opposed to peak summer could see you save up to 35% in booking fees with venues.

Prepare for the future

Are you thinking about making your dream wedding? It is a great time to think about ways that you can make this become a reality, while also saving money on your dream day. Moreover, that extra money that you are saving on your wedding day can be contributed to your savings account, which could be paid towards your honeymoon or to help build your financial resilience. Preparing for your financial future is important, as unexpected costs can occur for all of us. Saving money is key to building your financial resilience, more information can be found here:

  • The information provided in this article is for guidance and educational purposes only. Police Credit Union Ltd. does not offer regulated financial advice. Please seek independent financial advice.

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