There are lots of numbers to think about when you’re planning a wedding. What date will it be on? How many people will you invite? How many tiers will there be on the cake? With the average cost of a wedding in the UK now at around £30,000*, saving for the big day can seem like a daunting and expensive task.
Tips on how to save for a wedding
Whether you opt for a wedding package or arrange the event yourself, it’s important to set a budget and stick to it. It’s helpful to create a list of everything you’ll need spend money on – from the venue and the honeymoon to outfits and entertainment. Don’t forget to account for those little extras such as invitations and wedding favours, which can soon add up.
Once you’ve set the budget, you’ll need to make sure you’re saving enough each month to cover wedding costs. Prioritising which aspects of the big day mean the most to you will help you decide where you can adjust your budget if needed. It’s vital to be realistic about what you can achieve and how much you can afford to put away each month. The sooner you start saving, the more manageable the process will be.
If you find you’re not quite on track, then you might need to increase the regular contributions you make to the wedding fund. Our financial planners can help reduce stress by working with you to arrange your finances and ensure money is the least of your worries by the time the big day arrives.
Committing to a financial future together
Getting married is a new start and a perfect time for you to think about your finances together. Although this can seem overwhelming, our advisers are here to help you every step of the way, guiding you through difficult decisions so that you can focus on this new chapter in your life.
We’ll also help you think about organising your money after you’re married. Merging your finances is a big step and it’s important to seek professional and impartial advice. We can guide you through a step-by-step process, so that you can make sure you’re both comfortable before you share your money.