Every bride wants her wedding to be perfect, but perfect comes with a price tag. Weddings are notoriously expensive even if you start with a tight budget. When you use these five ways to fund your dream wedding, you’ll get everything you dreamed about without compromising your financial life.
Check out these creative ideas to see if they’ll work for you. Trying something new could transform how you plan your wedding and make it the dreamy event you’ve been looking forward to your whole life.
1. Open a High-Yield Savings Account
Building your savings doesn’t always mean putting more money in it. Sometimes it means opening a new account that has a higher interest rate. High-yield savings accounts earn 16 times more money than the national average, even when rates are down. Compare local and national banks so your account pays you back with additional interest as you continue to save for your wedding.
2. Refinance Your Mortgage
Tap into your home’s equity by refinancing your mortgage. You could get a lower monthly payment that gives you a few extra hundred dollars to put towards your wedding. After your big day, you’ll still retain your new mortgage payments. That’s free money you can use for whatever newlywed adventures await you and your spouse.
3. Sell Older Belongings
If you have older belongings like heirlooms or antiques, get them appraised. You’ll sell them for what they’re worth instead of getting a lower price on a bidding site.
Don’t settle for any antique dealer or consignment shop. You’ll get a better deal after establishing a personal relationship with your appraiser. Look for professionals with great reviews to meet with someone who provides a proper evaluation the first time you visit.
4. Restructure Your Budget
You might struggle to save money for your wedding because you’re working with an old budget. Try restructuring it if you haven’t updated it in a while. Note how often you make impulse purchases, travel and go out for dinner. You can always cut back on those things until your wedding’s over.
People also notice other types of overspending when they make new budgets. The monthly subscription services you thought were a good deal could cost up to $1,900 each year, even if you rarely use them. That could easily cover a photographer’s fee or part of your wedding dress. The little things add up, so look for all types of spending and rework your budget to convert them into savings.
5. Find an Online Job
An extra job could fund your dream wedding, but you already go to school or work full-time. You can’t fit another commute into your schedule, so find an online job that fills your free time. Make money while entering data into spreadsheets, writing articles or posting pictures on stock photo websites. You’ll earn a little extra cash without rearranging your routine.
Fund Your Dream Wedding With Creative Ideas
You’re ready to fund your dream wedding with these five tips that maximize your savings. Whether you sell a few antiques or end a few subscriptions, you’ll get the money you need to plan your dream wedding without compromising on any details.