The day two people get married is supposed to be an exciting, memorable, once-in-a-lifetime experience never to be repeated – at least to the same grandiose proportions as one’s first wedding day. It is interesting how people getting married for the second or third time are not necessarily interested in incurring tens of thousands of dollars in debt for a wedding celebration. Perhaps they have realized that a debt-free celebration is more conducive to a healthy relationship.
Putting on a wedding celebration without incurring debt allows a new couple to begin their lives together without having to worry about paying the bill in the future. Every couple that really wants a debt-free wedding can have one, as long as they are willing to make a few sacrifices and look at situations realistically. It all starts with commitment.
Commit to Staying out of Debt
The best way to guarantee failure in any challenging situation is to fail to commit to success. Having a debt-free wedding starts by making a promise to one another that no matter what, no portion of the wedding celebration is going to be purchased on credit. A diamond engagement ring from Engage Diamond Studio is a good place to start. It is one thing to spend one month’s salary on a ring if you already have it saved away. It is entirely different to spend so much that you blow your budget. You could be thousands of dollars in debt just by buying your rings. Do not let it happen. Buy rings you can afford; they are out there.
Plan the Wedding Wisely
Professional financial planners say that the earlier you start planning for retirement, the better off you will be. The same goes for your wedding. Do not wait until a month before to start drawing up your plans. It will cost too much. Rather, establish a budget within the first few days after you agree to get married. Then use that budget as your primary planning tool, taking as long as necessary to get your plans in place and on budget. Be wise in your planning as well. If you literally cannot find a local venue that fits within your budget, for example, you may have to take your wedding celebration to a public park, a local fire hall, etc. It really is okay.
Beware the Guest List
Every name on the guest list represents an additional cost to the couple. You need to think pragmatically, knowing that it simply is not possible to invite everyone you know without spending a small fortune. If trimming the guest list is not an option, consider making the reception a potluck rather than a catered event. You might be surprised how many people respond positively to a potluck idea. It creates more of a family atmosphere than something more formal and stuffy.
Search for Discounts
Creating a debt-free wedding celebration means that you will be paying as you go. As long as you are paying cash, it never hurts to ask vendors for some sort of discount for payment in full and in advance. This kind of thing happens so rarely in the wedding business that a good number of vendors will probably honour your request. Even if the discount is as small as 2% or 3%, the money saved is money that could be spent on other things.
In the midst of all of these great tips for having a debt-free wedding celebration, the most important is this: your relationship is far more important than the party you throw for your guests. If you have committed to a debt-free wedding celebration, honour the commitment you made to yourselves. You will be better off for it.