How To Avoid Wedding Debt When Planning Your Big Day
Image by Julia Garcia-Prat
Your best friend asked you to marry them, and now you’re ready to enjoy the bliss of being engaged and planning your wedding. If you’ve never planned a wedding before–and we’re guessing you haven’t–the entire process can feel overwhelming, especially when it comes to finances.
While some couples receive money from their family and friends, we know this isn’t an option for everyone. We also know just how expensive weddings can be. According to The Knot, the average wedding in 2021 was $28,000. That’s far from chump change.
Though the option of taking out loans is there, we understand that many couples want to avoid wedding debt, which can feel virtually impossible. But we’re here to tell you that it’s not! And we’re sharing our best tips to help you stay out of debt while still being able to enjoy the wedding of your dreams. How To Avoid Wedding Debt
Create A Budget
There are a few steps to take before you can even begin to think about booking your vendors and venue–the first being creating a budget. Take a look at your and your partner’s saving accounts, how much money you can realistically save every month leading up to the big day, and what money (if any) you are receiving from parents or loved ones. This big-picture number will help you stay on track throughout the planning process.
Determine Your Non-Negotiables
As you start planning, you may find there are a ...
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