It is important that you begin saving for your wedding as early as possible. You can use some of these tips to save for your big day:
Start saving early: Open a savings account as soon as you can and start saving. Remember not to use this bank account for other expenses. You can work with your bank to set an option for auto-debit at the beginning of the month from your other "earning" account to the wedding account.
Bonus: The gifts you receive from family, relatives, friends and the bonus from your job / business, can add to your wedding kitty. Big affair or small ceremony? As you progress with your saving routine, think about how you would like to get married. Do you prefer a big wedding with elaborate ceremonies or a small affair with only close family and friends? This will help you decide on the amount to be saved per month to meet your target.
Set a budget: Once you are engaged, make a cost estimate for the wedding. Consider major expenses like the venue, décor, food, outfits, jewellery, photographer, and contingency fund. Once you have an estimate, set a budget for each of the heads. Remember to stick to your budget when you finalize things and go shopping!
Consider it as an EMI (equated monthly installment) for loans: Save for the wedding as if you have to repay a loan. You must do it every month. This will ensure an even flow of funds to your savings account and from your regular salary account.
Get rid of the bad habits: If you have any addiction, like smoking, drinking or even shopping, stop it now. Once you stop spending unnecessarily and start saving the money in your wedding fund, you will be surprised at how much you spent on these habits.
Edited Article - Original source
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