3 Ways to Cover a Wedding Cost

Figuring out a budget for your wedding is not as easy as saying “I do” to your partner. Moreover, the average price tag for a wedding has touched a staggering £32,000 in 2018 – that’s a 19% increase as compared to 2017. Your wedding is most likely to be the biggest event of your life and therefore, you need to do proper planning and budgeting. With the rising costs, how have you thought of funding your dream day?

Let’s explore 3 different and easy ways to help you cover your wedding expenses:

1.       Online Personal Loan

Using an UnsecuredWedding Loan with No Guarantor is easy and simple. Many lenders and credit brokers who are registered by the FCA offer such loans online. All you have to do is visit their website and fill in an easy application form and wait for the decision. If your loan application is approved, the loan amount will be disbursed to your bank account by the lender. Normally, it takes a few minutes, however, the disbursal period completely depends on the lender and your bank. Moreover, as these loans are unsecured – you do not have to worry about pledging your valuable asset as collateral. Repay these loans on time or else your credit score will be severely damaged.

2.       Credit Card

Using your credit card to cover some expenses of your big day is another feasible option. Many couples prefer to use their credit cards for the expenses and repay the amount spent to avoid any inconvenience. Also, you may be rewarded with some points that you can use later on for booking your flights or for any other purpose. If you have a no-interest credit card, you will also save a lot of money that would have gone towards the repayment in terms of interest and fees. It offers you the flexibility to borrow what you need exactly.

3.       Friends and Family

If your friends and family are willing to help you out, you are fortunate. You may ask them to help you manage the expenses. Also, if they are planning to gift you something expensive, ask them not to use their money in buying gifts, rather you may use that money to plan your wedding. Mention that you are trying to raise funds for your wedding and their help will prove to be beneficial. Always remember that every single penny counts. Have a discussion with your family about sharing the cost of the event and work out something that is feasible for everyone.

If you do not want to use these options, then you must save. You need to save a substantial amount of money for your wedding and that cannot happen overnight. Be patient and draft a budget. You have to stick to the plan that you have made, religiously! Review your accounts to know where exactly do you stand and when you feel that your bank account can generously fund your wedding, plan to tie the knot.