For committed partners across the country, the thrill that accompanies an accepted proposal quickly turns into a frenzy — a joyous frenzy, but still a frenzy — of planning. Weddings and the receptions that follow are wonderful occasions and lots of fun. What’s less fun about getting married? Paying for the big day itself.
One of the ways in which newly engaged couples economize on weddings is by timing the reception carefully. A Floridian’s dream wedding, for example, probably looks a bit different than a Vermonter’s, if only in terms of timing. That means money-savvy couples can find (relative) bargains if they’re willing to be flexible about dates and times.
If you’re getting married, congratulations! Planning carefully can set the stage for a lifetime of smart financial decisions. However, just because you want to save money on your wedding doesn’t mean you can’t throw a great party.
Give careful thought to what you want your day to be like and how much you’re willing to sacrifice to get there. If you have a specific place of worship or reception hall in mind and you want to save money, you’re best off choosing times when both are in low demand. Empty calendars can translate to bigger savings on venue fees, which can take up a big chunk of your budget.
Another way to save, especially if you want to get married during peak season in your area, is to hold your ceremony and reception during off-hours. For example, a Saturday morning ceremony followed by a brunch will typically set you back less than an event held on a Saturday night.
If brunch doesn’t work and you’d prefer an evening event, consider a midweek celebration if most of your guests are local. Some venues even have discounts for Sunday weddings, as well. When travel isn’t a consideration, you may find that people are more excited to attend!
If you’re not set on having your wedding during a specific time of year, you may have the opportunity for even more savings, as some months are typically cheaper than others to host a wedding reception. Here’s what to know about the cheapest months to get married and how to navigate the challenges that might accompany your timing:
The savings you’ll receive from planning an off-season wedding can be considerable, but you should expect some tradeoffs. Canceled flights, closed roads, and stranded guests are a few of the challenges you should consider before booking a wedding in a bad-weather location.
Ways you can prepare include:
No matter when you plan to marry, your wedding and reception can be a big expense. We can help you plan for the future and pay for your big day with an affordable personal loan.
For more information about personal loans, learn about your options at PSECU.