How to Budget for a Wedding and Honeymoon (Without Breaking the Bank)

Are you in the process of planning your wedding? Are you also thinking about what’s best in regards to your honeymoon? Do you have concerns about breaking the bank as you plan both of these major events?

With the average cost of a wedding at $35,000, it goes without saying that you’re going to spend a lot of money before you ever take off for your honeymoon.

Of course, you have to take into consideration the fact that most people spend roughly $5,000 on a honeymoon. If you don’t keep this in mind when planning your wedding, you could find yourself without the money you need to book an enjoyable trip.

It’s important that you follow a few key tips when budgeting for your wedding and honeymoon. Here’s where you should start:

1. Know How Much You Can Spend

This is where it all starts and ends. You need to know exactly how much you can afford to spend on both your wedding and honeymoon.

You don’t want to guess. You need to know for sure. If you don’t, you could spend money that you can’t afford to part with, thus jeopardizing either your wedding or your honeymoon.

Only you know how much you can spend, but you need to have this number in mind before the planning process begins.

2. Break Up Your Funds Accordingly

As exciting as it may sound to spend more money on your honeymoon than your wedding, this doesn’t typically make sense. There are reasons for this, including the fact that there are many more expenses associated with your wedding day.

When planning your dream wedding (maybe with the help of Azazie), you probably won’t want to spare any expense. Conversely, when planning your honeymoon, you can probably find a few ways to cut corners (and still enjoy yourself).

3. Write Down Every Expense

There is more to a wedding and honeymoon than meets the eye. For example, with a honeymoon, you’ll want to partake in activities upon reaching your destination. An example of this would be someone who wants to look into Stonehenge tours.

If you don’t write down every expense upfront, you could miss the mark down the road. And if this happens, it means you are spending money that you didn’t want to part with.

4. Work Together

Make sure you and your partner are on the same page in regards to the planning process. If you aren’t, you could be pulling in one direction while the other person has another idea in mind.

It makes sense to sit down upfront, work out a budget, and implement a plan for following through. This may sound like a waste of time, but you’ll look back and be glad that you took this step.

5. Look for Ways to Save

There are many ways to save on both these expenses.

For example, you could cut back on floral arrangements to save a few dollars at your wedding.

With your honeymoon, you could opt for a destination that is closer to home, making it possible to drive instead of fly.

You’ll be surprised at how many ways you’ll find to save when you just start looking around. Even if you don’t like the idea of “skimping” at first, you’ll find that you can adjust your approach without much of a hassle.

Final Thoughts

Just the same as in the business world, where success stories give you inspiration for reaching all your goals, you’ll find it much easier to plan the perfect wedding and honeymoon by taking advice from others.

Spend a few hours researching your ideas and plans online. Along with this, keep an open mind in regards to your spending and savings. This will put you on the right track to success.

Do you have any experience planning a wedding and honeymoon? Did you enjoy the process, or did you make a few mistakes along the way that you still regret? Is there anything you would do differently if you had the chance? Share your thoughts on the planning process in the comment section below. You may be able to help other couples save money on these major life expenses.

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