5 Wedding Budget Mistakes
Steer clear of these financial faux pas when planning your nuptial celebration, and you will be on your way to managing your money and making your life as newlyweds that much richer.
Don’t Break the Bank
Never—and we mean never—go into debt to pay for a wedding. Instead, consider throwing an intimate gathering and put off the big reception until you’ve saved up for it.
Don’t Rely on Plastic
Unless you can pay off the balance in full as soon as you get each statement, avoid charging your wedding bills. Credit-card interest rates and finance charges can add hundreds, even thousands, of dollars to your bill, even if you carry a balance for only a month or two.
Don’t Tack on Extras
Be cautious about agreeing to any upgrades (colored table linens, fancy chair covers) without first asking if they involve additional costs.
Don’t Stray Too Far From the Budget
Stick to the number you agreed upon. Resist the urge to spend more than you’d planned in one area, unless you can cut that cost in another area.
Though it’s tempting, you shouldn’t budget for fewer guests than you invited. It’s better to overestimate.