More and more, couples are footing their own bill for their weddings. While 27% of couples are still enjoying the traditional means of financing – with the parents of the bride swallowing the cost – 15% of couples are paying for the wedding entirely on their own. Similarly, another 27% are at least helping to pay for the costs. With the average wedding in the United States costing $27,690, it is no wonder why many of these couples are turning to their credit cards to help pay the expenses.
If you are planning to get married, the best idea to avoid the credit card debt trap is to save up the money beforehand so you don’t have to put the charges on your card in the first place. Simple, right? Of course, the thought of postponing a wedding is heartbreaking for many couples, and consequently, that might not be the best option for you. If that’s the case, a good idea for young couples might be to look for ways to reduce the cost of the wedding, putting less on their plastic.
First of all, take a look at your guest list and see if you can take a few people off. On average, weddings serve 295 guests, but it is unlikely that you have that many people that are truly close and special to you. Knocking a few people off of your guest list can save tremendously when it comes to the food bill. If you can’t bear to take anyone off of your list, consider serving a buffet style meal rather than a sit down meal. A buffet meal will allow everyone to get his or her fill without costing you as much.
Another option is to check into having your wedding on a Friday rather than on a Saturday or Sunday. Many venues offer discounts to Friday events and really inflate the price on Saturdays and Sundays. In addition, you can still offer an open bar, but limit the items that are on the list. For example, you could serve beer and wine as well as one signature cocktail.
By looking for places to save a little money, you will give your new marriage a greater chance of success as you don’t have to feel the stress of dealing with massive credit card bills once you return from your honeymoon.
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