Wednesday, September 3, 2008

Avoid the wedding credit crunch !

You can't pick up a paper or magazine at the moment without reading about the "credit crunch".
This leads us to wonder about the effects this credit crunch is having on people's wedding day plans.
Depending on what magazine or publication you read, the average cost of a wedding in the U.K. is something between a staggering £12,000 and an eye-watering £25,000 !
So, can engaged couples remain on track and spend that kind of cash on their perfect wedding day ?

The key to avoiding bankruptcy when planning your wedding day is using a proper wedding budget. Make a full list of everything you want for your wedding day, and we mean a full list. Ensure there is no room at all for last minute add-ons. Plan everything from the dress to the wedding DJ, even down to the last wedding favors or cake-stand hire.

Once you have a comprehensive list of what you both want on your wedding day, then start planning the costs. You'll be able to receive quotes from all of the major wedding services that you'll be using. Speak with the wedding venue, caterers, DJ or band, car hire company, dress makers, suit hire, cake maker, photographer and videographer - get a written quotation from them and ensure you are fully aware of what you are getting for your money.

We're not suggesting any of these wedding services will attempt to rip you off, far from it. But take a couple of examples -

Wedding Venue A - cost of exclusive hire for the day £1,000
Wedding Venue B - cost of exclusive hire for the day £3,000

Wedding Photographer A - £300
Wedding Photographer B - £1,000

At first glance, of course the financial options seem to stand out like a sore thumb.
What we are recommending is that you ensure to ask your wedding service what you get for your cash.
Wedding Venue A may look like it saves you £2,000 of your wedding budget, but ask what you get for your money, do you receive any catering, a wedding DJ, any drinks, tablecloth hire, cake stand ? All these things add up to a small fortune. It may be that Wedding Venue B offers a full package of everything included, and this may save your wedding budget in the long run.

With the example of the wedding photographers, again, ask what the package consists of. You don't want to find yourself in the position of having to buy all your individual wedding photos from photographer A, he may be cheaper because you're only actually getting 20 wedding photos, the rest you'd have to pay for individually if you want copies ?

The same goes for the car hire, or videographer - ask them when they turn up, when they leave, is there an hourly charge etc.

Careful planning of your wedding budget to ensure you get everything you want for your perfect day, and at a price you're comfortable with doesn't mean cutting corners.
Work out your finances and don't book extravagant things just because you feel your wedding guests would expect this.

We all know you can have a fantastic wedding day to remember, even if your budget is £1,000.
Don't let the credit crunch spoil your wedding planning, and certainly don't let your budget run into wild amounts that you simply can't afford.
This is to be the happiest day of your life, so don't walk up the aisle thinking your wedding day is ruining the next few years paying it off !!

Happy wedding planning !

No comments: