Aussie<\/a> says the best way to afford your wedding is to start saving as early as possible. However, if that isn\u2019t possible, a personal loans can give you the financial boost needed to pay for your dream wedding.<\/p>\n\u201cA personal loan, or wedding loan, is a practical way to pay for a wedding as long as you are disciplined with the spending and ensure you make regular monthly payments to bring down both the principle and interest.\u201d<\/p>\n
Liam says that credit cards, when used cleverly, have their uses too, especially when it comes to the convenience of making purchases online where things may cost less.<\/p>\n
He adds, \u201cMost of us compare and search for the best deals on all those small but important wedding items online. A credit card is the most convenient way to secure those must-have wedding item but make sure you watch your spending and try to keep track of how much you\u2019re saving compared with how much interest you may have to pay.<\/p>\n
\u201cHave a budget, be disciplined and stick to it. Don\u2019t over-capitalise with your card and find that your wedding has been completely paid for with credit. Many cards offer interest-free periods, which, with a bit of discipline could reduce your interest repayments substantially.\u201d<\/p>\n
Whichever path you choose, Liam says it\u2019s about using your money as wisely as possible and getting the most bang for your buck.<\/p>\n
Another increasingly popular way of helping defray the cost of a wedding is for newlyweds to forgo physical gifts and, instead, request a gift of cash from their guests.<\/p>\n
These days, many couples are marrying later in life and already have their own homes or are living together. They usually have everything (sometimes two of everything) needed to set up home, so receiving traditional wedding gifts such as toasters or dining sets, seems pointless.<\/p>\n
Don\u2019t forget, the aim of giving such wedding gifts was usually to help a young couple set up home but, with so many of today\u2019s newlyweds well and truly settled by the time they make it down the aisle, cash is often the most sensible gift.<\/p>\n
Of course, whether you\u2019re asking for a pay raise or a cash wedding gift, requesting money can be awkward.
\nAussie customer Nicola Wood says she wishes she plucked up courage to ask for cash when she married her partner last year.<\/p>\n
\u201cI didn\u2019t want to appear ungrateful so I didn\u2019t ask for a cash gift,\u201d says Nicola \u201cbut my fianc\u00e9 and I had been renting a place for years, so we already had everything we needed. We ended up with half a dozen casserole dishes, multiple toasters and several other items we already owned.<\/p>\n
\u201cNobody can use three toasters! I felt bad as I ended up giving away most of the gifts. I should just have bitten the bullet and asked for cash presents.\u201d<\/p>\n
In fact, when it comes to other parts of the world, cash is king at weddings. Red envelopes stuffed with money have always been part of the Chinese wedding tradition, just as the idea of guests pinning cash to the bride\u2019s gown has been part of European wedding tradition for centuries.<\/p>\n
\u201cNo matter how big or small your wedding budget, the important thing is to ensure you enjoy your big day when it arrives,\u201d says Liam.<\/p>\n
\u201cSoak in every moment because you\u2019ll remember your wedding day long after you\u2019ve paid it off.\u201d<\/p>\n
Aussie\u2019s top five tips and tricks for saving money for your wedding:<\/strong>
\n– Create a wedding budget and stick to it
\n– Deposit your savings into a high-interest saving account or term deposit and let the compound interest accumulate over time
\n– Use any windfalls, such as your tax return, to your wedding budget.
\n– Set up a wishing well for guest to contribute financially to your wedding
\n– When in need for some additional finance, consider a wedding loan or a credit card but ensure you can meet the repayments<\/p>\n\n","protected":false},"author":1,"featured_media":6958,"template":"","au_article_tag":[181,995,256],"acf":[],"_links":{"self":[{"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/au-article\/34045"}],"collection":[{"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/au-article"}],"about":[{"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/types\/au-article"}],"author":[{"embeddable":true,"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/au-article\/34045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/media\/6958"}],"wp:attachment":[{"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/media?parent=34045"}],"wp:term":[{"taxonomy":"au_article_tag","embeddable":true,"href":"https:\/\/www.easyweddings.com.au\/wp-json\/wp\/v2\/au_article_tag?post=34045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}