The Knot Georgia Weddings Magazine

how to actually pay for your wedding

Your wedding is probably the priciest party you’ll ever throw in your life. It’s easy to say you’ll stick to a budget, or have tons of fabulous DIY details, but at the end of the day, your venue and catering bill could amount to way more than you imagined. It’s important to understand how your budget will be broken down. Saving up for the wedding isn’t an insurmountable task—we promise. Here’s how to save up and pay for your wedding by spending smartly and cutting back a little along the way.

use this simple math equation

If you have a big budget goal that seems daunting, divide it into smaller chunks that are easier to digest. The simple math trick that makes, about this relatively simple math. Where should this money go? Into a newly created “wedding account,” of course. Throughout your life, having a savings account dedicated to something more exciting than a retirement plan, like travel, a wedding or another big event, is a good idea and will help make saving more fun. Obviously, the amount of time you’ll need to save up for a wedding depends on your current income and expenses. For example, if you can only save $800 a month, but your dream wedding looks like it will cost somewhere in the $50,000 range, you’ll be saving for more than five years. When you’re thinking of your budget, work within realistic parameters and don’t set unattainable goals. For some couples, more drastic sacrifices will be required, while other tobeweds will be splitting the cost with relatives to help lighten the load. Think about what’s best for you and your partner and what makes the sense. Be practical about your limits. The amount of time it takes you to save will depend entirely on your own circumstances.

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