Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

4 Ways to Save on a Wedding

May 19, 2016 at 12:00 AM

I am on the record that only couples in great financial shape should spend money on an expensive/large wedding. But for those of you who are just going to plow ahead despite shaky finances, please at least make the most of my money-saving wedding tips.

  1. Scale back your budget by 30%. Reduce the budget size you have in mind by 30%. That’s to cover over-runs. Trust me…or just ask your friends who have already been through this. It is amazing how many “incidental” expenses will crop up along the way. By giving yourself some great breathing room, you can more easily absorb the extra costs without blowing your budget.
     
  2. Rent the dress. Or Buy Second-Hand. I am prepared to be called unromantic on this. But if you are honest, spending hundreds, if not thousands of dollars on a dress you will wear just once, is not exactly a smart financial move.
     
  3. Skip the professional photographer. Make it clear to everyone who is attending that you want them to help you create the ultimate photo album: have everyone take photos on their phones and send you the photos. (And assign one or two people with a great eye to handle the ceremony photos.) Or if you have a friend who is an amateur photographer, ask if he or she would be up for bringing along their camera(s) and spending an hour before the wedding to take some family shots, and then photograph the ceremony as well. That’s an amazing gift that I think many friends would love to give. (And they still get to enjoy the party as a guest---that’s when you rely on everyone to take phone photos.) Another option: check your local community college or adult school for recommendations of students/amateur photographers. Check their portfolios, of course, but if you like what you see, they will likely be far less expensive than a full-blown wedding photographer. And just for fun, put disposable cameras on every table. Who knows what you’ll end up with!
     
  4. Focus on the celebration. A buffet will be less expensive than a sit-down dinner. A DJ will be less expensive than a 5-piece band. A few selected beers and wines with some champagne to toast will be less expensive than a full bar. And yet all three economical approaches will not reduce the magic of the day one iota. You and your guests are what will create the memories.

Tag Cloud

home ownershipemergency fund no private loanbuying a carroth irawould you decline a bonusbest interest of investorhome buying mistakesGraceworst financial mistakeverify wellness screening and programsFixed Rate Mortgagecar loanMost Influential Celebrities Listpay off debtCommunication Skills workaholicConventional loan PMIemergency fund savingsExhibitionreduce withholdingWilldental discount planstudent loan debtdo not pay allowance for good behaviorpay interest while in schoolUniversity of Illinoispowerfulcnbc alarm clockmonthly benefit take actionFinal GoodbyeCPI-Wpaid vacation3% debt transferred marriage inequalityanticipated salaryPrime Rate Rise 2015verify retirement plan with HR or plan sponsor3 bucket approachrising home pricesInflation Benefitmake saving a pleasurelousy investment2016 adjust withholdinghigh credit score discountIRA contribution gifted moneyLong Term Care shoppingSuze is my biggest mentorcredit managementbetter loan rateshigher monthly paymentincrease emergency savingshome buying seasonFinancialfile taxes quicklyHDHP's are good for youno tax on withdrawlsfinancial independenceraise your deductiblehome related tax break bonus cost of capitalization calculatorAARPprotect and provide for minor child Alarm Clockdon't extend mortgage mortgage interest tax deductionstudent loan repayment estimatorbuy homeFinancial Educatordoctor no longer in networkget the most out of social security push yourself to save more for retirementsave moneyPBS Specialallowancestay positivereduce monthly paymentStaffords this year have a fixed 6.8% interest rateteens and moneyonly refinance if it payspoint cost offset by savingsmoney vowscut monthly cellular billat worst still pay 75% benefitnot enough life insuranceallowance taskPhyllis Shelton expert long-term careautomatic paymenthigh deductible health care planFinancial Gift CliffInterestFICO Score8 month emergency fundHow To Build Creditmortgage disclosureFundstaxesbad decisionssocial security not going brokeFree Debt EliminatorTelepicturesincentives for health care wellness screeningvalentines dayuniversal college accesskids schedule paymentsbecome member life insurance name trust as beneficiarycontribute household expenses lower overall drug costhealthy retirement weightLoveloan no longer than 36monthshome loan credit score below 740 car leasingsocial security never insolventCiti Simplicity Card women longer life spanpeace of mindnegotiate points with bank or sellersuccessbest interest rates401Kone credit cardRevocable Living Trustprovider of financial support2016 adjust estimated taxstrained relationshipemployer offered life insurancelow-cost index mutual fundCOLAdental insurance 50 over 50pay more than minimumhealthy aging no negativityconfidentCommencement20 year level term lower mortgage interestPay Off Debt Before Retirementadult childrenoverspend on dining outdear suzecar buying mistakesfile asapsavingsForbessavings pleasure740 credit score20% equitytraditional vs roth 401(k)Adequate Auto and Home Insurancestaycationcalculate dependents annual income needsalternative FICO scorefinancial argumentsrolloverFederal PLUS loanAmy Lacyetlearn good financial choicesLifestyleOne Wallet At A Timeheartachesocial workget over life insurance phobiaUrbana-Champaigninsurance mistake20% down paymentgay marriage ban end Florida Student Loanis it necessaryAccuQuote.comunsubsidized Stafford loanemployer funding HSAMinor Children buy home you can affordlow down paymentFederal Reserveschedule vacationcommunity collegelive below your meansleave a legacymonthly dental insurance premiumhealthy youDurable Power of Attorney for Health Carequick closingdon't derail retirement savingsCredit Card Rate Increasecouple financesInfluential Celebritymarriage financial responsibilitycut monthly cable billemotional stakesresponsibleRoth 401(k)credit cardfamily save at least $100 monthlyFHA loan feesSelectQuote.comHeartRetirement Incomeis it true? Money-Savingpremiumidentity theft10% donate to charityVeterinary SchoolMass Mutualstore credit cardsretirement accountsconfident of solutioncredit unionteach importance of helping othersdream schoolMotherbreakdown projected monthly housing costinsurance yearly reviewsetup automatic savings withdrawJose RodriguezPersonal Financefour steps to retirement savings protect dependent federal student loan deferment Sandy Hook Elementary SchoolBeautyfocus on needsincrease retirement contribution rateadjust allocations costly insurance mistakeRevocable TrustLTCi ASAPpublic service career student loan repayment 8 month safety netinitial tax break fiduciarydebtno life insurance financially irresponsibleloan big picture 20% down payment avoid feesritual schedule8 Rulestax refund fraudkid borrow firstbetter loan dealsNewtownmortgageeliminate credit card debt3 step financial road mapEric Dodge approved medical 100% tax-freemortgage brokerback-to-school budgetGiftsovercome financial fearsproperty taxwaive home inspection bidnear historic lowsdoctors in networkWall Streetretain separate credit cardscollege studentderailed planco-sign Prime Rate Increasepreexisting condition not coveredwrite new goallow credit scorebe kind to yourselfMoneyannual cost of living adjustmentearn allowanceChanging Livesonly offered while employed teensSuze Orman's Money Warswomen outlive mengrandparent IRA contribution open enrollment review raise deductiblessummer job match income Mortgage Credit Availability Indexmultiple lendersDeath Benefit2015 financial roadmaplife insuranceno splurge Holiday Seasontitle insuranceoverspend on nights outjuggle multiple financial goalsultimate compounding giftdon't ignore open enrollmentWarner Bros Television GroupFederal Funds Ratecompare provider pricingdon't cover cosmetic dentistrydepreciating asset children's bookFinancial Awarenesscompare monthly expensesSuze Ormanreal estate mistakesBill and Pennyget credit cardcommunity bankshort term goal best loan deal Teachrequired disclosureburn outHDHP/HSA30 year mortgage ignore 6 month grace period Auto Savings Gay Couplesstudent loan repayment planfinancial fearscommitfinancial goal phraseswitch to roth 401(k)don't do five year car loanARMidentity fraudconsider roth 401(k)long term caremoney-aware childhousing markettelevision host6 month waiting perioddebit cardSpendingknow before you oweretirement planEmployer Matched Contributionsave borrowing plan Legal GuardianStock Investmentsno apologygrandchild summer job IRA contributionloan is giftForbes Top 10home buying budgetGay Rightslong-term care face your financial fearFiscal Responsibilitystandard deduction 3 savings buckets long-term care premiumsdeath benefit 20 to 25 times annual income2017 Taxesmaintain standard of livingEmergency Savingsstudenttax ID theft2015 record year car salesalways use all paid time offFinancial Solutions For YouHigh Credit Scoredangerous retirement planpurely financial standpointfinancial aidnon conventional routeFinancial Power of AttorneyCombo Insurance Productspublic service loan forgiveness programinterest on student loansLTCLong Term Care Insurance Must Have Documentsdon't blow tax refundSave Us Moneybig results gift grandchild IRA contributionno retirement funds for down paymentCivil Rightsshorter payback periodresponsible with moneySuze approvedcredit reportNew american Dream charges on credit cardage appropriate goalscredit utilization ratemobile apppercentage of women widowed 75-84plangift not loanSchool of Social WorkHDHP don't charge a pennyraising interest ratesengaged in finances!00% tuition paidwomen live longerincrease retirement savingsdon't buy wantslower ratezero rate transfer dealshighest possible benefitprotect your familyVital Documentsautomatic withdraw to savings BankruptcyUS Tax Code15 year mortgageexercise reguarlychildren under 18bill paying prioritiespay down student loan debtGoodbyesidelinedFinancial Awareness Video FestivalETF'sno sneaking in feespresident Obamasame-sex marriageARM Cautionjanuary billspay high rate off first19 years cash flow problemretirementstudent loan repaymentescrowbuy down University of FloridaFICO credit score credit card mortgageFinancial Cliffavoid burn outGiftyours, mine & oursautomate student loan paymentsForeclosurepay down car loan20 to 25 times annual incomecomparison shoppingletter to suzeteach your child good money habitskeep a schedulereplace permanent life insurance with termprotect loved ones HDHP's are not badSuze Orman Scholarshipterm life insurance10 year repayment plan Cory Bookeroverspend on giftsdeath benefit needs for familyStudent Debtfraudulent returnbe good examplepaid in fulllow mileage discounthigh FICO scoreloved ones dependent on incomefocus on new truth small changes no private loansAmericans don't use all paid vacation timehigh premiumsRichThe Suze Orman Shownew carFinancial Advicenot gender specific pay 100% cashsocial securityaffordabilitylowest cost fund optionunexpected expenseclosing disclosureHolidayis it kind?raising mortgage rates enjoy saving eight month living expense graduationYoung Adult Overspendingadvice for college graduateswomen long term care15-year refinance dealprescription tierdon't defer interest paymentsstretch out haircut appointmentsstandard rateinterest capitalizationNew York Lifebetter termsPost-Divorceschool HSA tax savingsSatisfyingFICO at least 720gift up to 14,000LTC shoppingno fee transferfinancial concernno interestspecial saving accountage appropriate choresame sex marriage band end Floridadon't spend HDHP'scontribution college graduatehigh down paymentterm insuranceorigination feeslower interest ratesecure creditRetirement Savingscostly legal commissionspaying for collegeBaby Boomersborrow each year, capitalization is going to pile up rent vs buyMoney MarketLong Term Care premiumsmanage student loansmental healthprofessional advisorswitch to spouse coveragedangerous money seasonholiday spendingbad retirement planningincreased auto insurance premiumSuze changed my lifeearn more on savingsiffy incomereferrals pay credit debt ASAPBankmax employer matched 401(k) contributioninsurancesuitabledebt freetoo expensive schoolCredit Card Interest RateStudent Debt Crisishealthy retirement blood pressuredental savings planreduce interest ratespeak new goalwives should be involved in retirementlong term goalget health insuranceraise insurance deductiblethree year car loanhome budget after tax costaccelerate dental workSandy Hook Promisefull retirement ageaffordable premiumpositiveWashingtonshop online guaranteed level term policySuze Orman spouse Kathy Travis401(k) ContributionsHoliday Shoppingrefinanceclosing costs 2% of loanone annual feelower premiumrefundbudgethealthy gumspercentage men widowed 75-84create new truthInfluentials40% toward financial goalHigh FICO Score = Better Ratemeet monthly physical healthclosing feesdo you need life insurancebe true to yourselfFederal Stafford loanrepay student loans4 Must Have Documents real estate marketCredit scoreretirment savingsfinancing car Ashley Springerhome insuranceloan necessityunder 18 financial giftAARP Social security calculatorMarlo Thomaspermanent life insurancesecured cardbuying car 2016no late fee CD'sSwap Older Annuities or Life Insurance higher insurance deductiblelet them have 50% controlrequire chore in exchange for allowanceFRACNBCspring summer balance transfer College of Veterinary Medicinecan you afford itdon't use allowance as bribeSelfishadd teenitemized deductionno waiting periodFinancial Systemmax benefit coveredInvest for savings growthmax employee matchhealthy teethback door Roth IRAEasy Life Insurance is it necessary?value money


View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel