All signs may be pointing to the economy as a whole starting to gain momentum and crawl out of the doldrums of the past year. However, most of us are still feeling the crunch when it comes to personal spending. The financial pain can be especially tough if you’re planning a wedding.
Lucky for you, The Man Registry’s resident groom planning expert Simon Daykin of Firefly Occasions has some tips to share this week on not letting the (still) slumping economy ruin your dream wedding.
Recession Proof Your Wedding - A lot of brides and grooms go deeply into debt for their weddings. Right now with the markets being the way that they are, that’s a little more than scary. But I’d say don’t be afraid of making some credit card purchases for your wedding but definitely stay in control. I would not advise you to take a line of credit out against your house to pay for your wedding right now. The best way to recession proof your wedding is to figure out what you can realistically spend on your wedding (chat with your parents about this too) and then stick to it. Cut down your guest list rather than trying to penny pinch to fit in your entire office floor. A smaller guest list will give you more room to make your wedding look lavish.
Watch Out For the Quick Buck Vendors - Yes you want a good deal but now is not the time to be booking with anyone who hangs up a sign. You need to pick people who are well established and have financially secure companies that have been around for awhile. How horrible would it be to give someone a big deposit and then not be able to get a hold of them again? I’ve seen this happen even when times aren’t tough but with people trying to make the quick buck right now you need to be extra careful. (OneWed Notes: This is where reading ratings and reviews on sites like OneWed can really come in handy!)
Be Smart With Your Wedding AND Lifestyle Budget - It’s important that you make a budget for both your wedding AND your life and then stick to it. This will help you feel in control and confident with all your decisions.
Be Resourceful and “Resourcefilled”- While you want to be resourceful and find great deals you also want to be “resourcefilled.” That means you have a bunch of resources to pull from that will help you achieve your ultimate wedding look. A wedding planner can really help you with this because they know and have worked with great vendors and also have great resources for frugal items and sometimes even vendor discounts. Although hiring a wedding planner can take some room in your budget in the long run a wedding planner can really save you time and money.