You ll save with purpose rather than staring at a whole bunch of unused money and thinking about how else to use it. Once you have set your wedding and house budgets organize your personal financial budget.
Restaurants for example typically don t charge a venue fee.
How to save money for a wedding and a house. Rent a house for the wedding and for lodging. While saving for a wedding and a house at the same time is no walk in the park it is possible. Depending on where you plan to tie the knot you could save hundreds even thousands of dollars by doing so in your destination s off season or during one of the general shoulder seasons typically late winter and early spring.
Picking a spot that doesn t usually cater to weddings can help you save money and give your nuptials a unique feel. Move 200 a month into your wedding savings account. You might be able to save money for example by making the wedding favors or centerpieces instead of buying them.
Site fees can be 4 000 less plus food and beverage minimums are. Choose a shoulder season date. Cutting back on a few or a lot of these expenditures can result in saving up to 10 maybe 20 per day that s 300 to 600 per month.
As long as you and your partner are on the same page and willing to put in the effort you can work together to get the wedding and the home you desire. Figure out how much you and your partner should spend and save each month along with where you can make. We rented a house which tripled as wedding venue housing for out of state wedding party participants and secluded honeymoon venue the following week.
If you use more than one savings account to manage your cash you ll be more aware of where your money goes which will help you stay disciplined. Trust us time flies when you re wedding planning. A friday wedding will save you thousands on your wedding venue and your weekday rehearsal dinner.
But don t worry cutting out these expenses isn t going to change your whole life for the next year. We know the weather might not be as optimal but it could totally be worth a february wedding to afford your dream venue.