The Knot DC & Maryland Weddings Magazine

how to actually pay for your wedding

Your wedding is probably the priciest party you’ll ever throw in your life. It’s easy to say you’ll stick to a budget, or have tons of fabulous DIY details, but at the end of the day, your venue and catering bill could amount to way more than you imagined. It’s important to understand how your budget will be broken down. Saving up for the wedding isn’t an insurmountable task—we promise. Here’s how to save up and pay for your wedding by spending smartly and cutting back a little along the way.

use this simple math equation

If you have a big budget goal that seems daunting, divide it into smaller chunks that are easier to digest. The simple math trick that makes, about this relatively simple math. Where should this money go? Into a newly created “wedding account,” of course. Throughout your life, having a savings account dedicated to something more exciting than a retirement plan, like travel, a wedding or another big event, is a good idea and will help make saving more fun. Obviously, the amount of time you’ll need to save up for a wedding depends on your current income and expenses. For example, if you can only save $800 a month, but your dream wedding looks like it will cost somewhere in the $50,000 range, you’ll be saving for more than five years. When you’re thinking of your budget, work within realistic parameters and don’t set unattainable goals. For some couples, more drastic sacrifices will be required, while other tobeweds will be splitting the cost with relatives to help lighten the load. Think about what’s best for you and your partner and what makes the sense. Be practical about your limits. The amount of time it takes you to save will depend entirely on your own circumstances.

You’re reading a preview, subscribe to read more.

More from The Knot DC & Maryland Weddings Magazine

The Knot DC & Maryland Weddings Magazine2 min read
The Knot Regional: DC & Maryland
EDITOR IN CHIEF Kristen Maxwell Cooper MANAGING EDITOR Susan Berryman EXECUTIVE EDITOR Lauren Kay ART DIRECTOR Sarah Evans SENIOR FASHION & BEAUTY EDITOR Shelley Brown SENIOR STYLE & PLANNING EDITOR Alyssa Longobucco REAL WEDDINGS EDITOR Louis Barago
The Knot DC & Maryland Weddings Magazine4 min read
You Asked, Answered!
Hey there! I’m LOUIS BARAGONA, community editor at The Knot and the host of our weekly Wedding Wednesdays on Instagram—yep, you knew you recognized this shiny bald head from somewhere. I’m answering your TOP 10 most common wedding planning questions.
The Knot DC & Maryland Weddings Magazine3 min read
Maid Of Style
Trending Move over, millennial pink: A new hue is all the rage where wedding party dressing is concerned. Pastel shades of purple such as lilac, lavender and periwinkle are popping up in almost every bridesmaid dress collection. Due to its associatio

Related Books & Audiobooks