How to Save Money for a Wedding
Indian weddings are nothing less than Bollywood adventures, filled with all the colors, emotions, and of course expenses. Trust me when I say, while love is hard work, money requires wise effort. On that note let’s get into some tips of how to save for your wedding without any cutbacks on your dream day.
1. Start with a Clear Budget
Treat a wedding budget in the same way as one treats a film script, to keep the plot (and the costs) in control. Make a maximum spending figure. For instance when the total estimate is ₹10 lakh, proportions are as follows:
- Renting of the hall: ₹4 lakhs
- Food: ₹3 lakhs
- Attire and embellishments: ₹3 lakhs
For Example, Neha and Rohan managed to pull off their ₹8 lakh wedding by planning for it in advance. They reserved a small banquet hall, and decorated the place themselves.
2. Book Early to Save More
Sometimes, up to 20% Costs can be avoided by reserving a venue or services at least 6-8 Months before the date. In combination with the last point, goods and services become costlier as the event date approaches especially when within peak periods.
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3. Simplify Decorations with DIY Ideas
Who says decor has to be always expensive? It is possible to be creative and spend less or even add a little creativity. Hand made center pieces photo walls and fairy lights can don any space.
4. Trim the Guest List
Everything comes at a cost, especially time and resources, so be prudent with your guest list. Prioritize close family and very few of the friends. Even if 50 guests are eliminated, ₹1 lakhs to ₹2 lakhs of expenses incurred from food and section seats will still be avoided.
5. Rent When Possible
Why buy an expensive dress for an occasion which only lasts for a few hours? This is why brides are opting to rent wedding dresses or other accessories such as jewelry. The average cost of renting a bridal lehenga goes for about ₹20,000 as opposed to a new lehenga which goes for over ₹1 lakh.
6. Seek Wedding Personal Loan
In the case of not having adequate savings, don’t keep your idyllic wedding as an “Adhoori kahani”. With a Personal Loan for Wedding, you get just what you wish, with an ease of repayment. Without risking any long-term savings, the loan helps pay for heavy bills especially in the silver and gold expenses.
7. Opt for E-Invitations
Although printed wedding invitations are quite attractive, filing them also costs a lot. Rather, why not go for digitally sent invites. Such forms of invitation are easy on the pocket and are easily adjustable in design.
8. Efficiently manage your menu
Prioritize focusing on the quality of the menu as opposed to the quantity. By serving fewer but quality dishes, it can save you up to ₹1-2 lakhs. Calculate food needs well in advance to reduce losses through unused food.
9. Ensure Proper Planning to Avoid Last Minute/Apprehensive Savings
In the beginning there is more time after the actual wedding for planning and this invariably gives room for cost cutting decisions to be made. Delays in the execution of arrangements may eventually lead to more costs and more anxiety.
Conclusion
A wedding is a point of emphasis on love and therefore should not be treated as an expense. It is possible to hold an event without exceeding the budget with the help of the following suggestions. Have a spending plan, be resourceful and go for a Personal Loan for Wedding where necessary. ‘Picture abhi baaki hai, mere dost,’ as the famous Bollywood phrase goes.
