“We did some research on just how much weddings cost these days. What we discovered was that there are more things to pay for than most people anticipate. First, you must factor in the costs of the invitations, bridal gown, tuxedo and all the accessories that go along with them. Then, there is the cost of the reception including the ballroom, wedding cake, food, décor, and entertainment. Other costs include transportation services like limousines, horse and buggies, or whatever chariot you plan to arrive at the wedding and reception in. Then, there are the costs that are easily overlooked in the beginning because they are not incurred until later in the planning process such as alterations, gifts for the bridal party, rehearsal dinners, spa and specialty services, hair, makeup, and the honeymoon. These things really add up,” says a LowRateSearch representative.
All of these costs can seem totally overwhelming. So what to do? Take a breath, and create a realistic working budget. Sit down and brainstorm every little detail that will cost money. Make sure to include small things like the flower girl basket, ring bearer pillow, cake cutting set, and bridal champagne glasses until a complete list has been compiled. Then, assign an estimated cost to every item and tally it up. After the bottom line has been figured, tack on a few (or maybe few hundred or few thousand) extra bucks for incidentals to come up with a grand total. These incidentals will be unknown when compiling the list, but it is smart to account for them so the funds will be available when something that was not considered comes up. Fine tune the list by adding or subtracting the things that can and cannot be afforded to create a working budget.
“Once you have your working budget, it is time to finance the wedding. Down payments on the cake, venue, food, or entertainment may have to be made up to a year in advance. If your parents are not footing the bill, and you do not have the savings to get the ball rolling, a wedding loan may help. Whether you have excellent credit, average credit, or bad credit, there is loan product to help with wedding costs. Once you get the loan funds, put them in a special wedding account that you will use to pay bills as they arise. Then, make sure you begin to repay your wedding loan immediately, steadily, and QUICKLY.”
The key is to use wedding loans wisely. Do not borrow more than is needed. Do not create monthly payments that will be difficult to repay. Try not to make your loan terms exceed your wedding date. Make all payments on time. Use cash wedding gifts to reduce or pay off the principal. And most importantly, “extreme debt for the sake of a wedding is no way to begin a marriage, but great credit is an element both of you can benefit from to the end.”
For more information, visit www.LowRateSearch.com