Paying for Your Marriage: 7 Tips to Avoid Overspending

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Evelyn Carpenter

Olate Marcelo

From the groom's suit and the bride's dress, to the banquet, wedding decorations and souvenirs, there are many expenses involved in getting married and, therefore, you will have to have a budget according to the celebration you want to make. Where to get the money?

Although contributions are always welcome, the tendency in Chile is for the bride and groom to pay for their own wedding rings, but there are different methods they can use to cover all the expenses.

1. Personal Savings

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The advice is to start save at least a year in advance So, when the time comes to hire the suppliers, you'll be able to make a decision on the wedding date, will have a sufficient budget A good way to collect -and not spend money-, is to open a savings account where they can go depositing.

Take it one step at a time reducing your monthly expenses For example, cancel subscriptions they don't take advantage of or use as much.

2. Parental collaboration

Jonathan Lopez Reyes

It is also common for the respective families to want to help. To the best of your ability You can do it by giving them money directly, or by assuming some items of the celebration, for example, the expenses of the church, the wedding cake or the souvenirs for the guests. It is important, of course, to to have this information as soon as possible to cross off the budget.

3. Bank credit

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Taking out a loan is another alternative that will enable them to pay for the marriage, although should know that they will end up paying interest If you have no other choice, you should check with different banks and analyze in detail the rates you are offered Also, negotiate reasonable monthly payments that you can comfortably pay month to month and, once you have the money in hand, manage it with sanity That is to say, just because they have a credit now, they are not going to buy the most expensive gold rings in the entire catalogue.

4. Gifts of money

Jonathan Lopez Reyes

Especially if you already live together and don't need to furnish a house, the best option is for you to replace the traditional gift list This will allow them to afford their marriage more comfortably, or else, cover debts afterwards If you choose this option, don't forget that you will have to enter your bank details at the time the report is sent.

5. DIY Manufacturing

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Another way to save is to by appealing to their manual dexterity From invitations and wedding stationery, to wedding centerpieces, table markers and souvenirs, you can even decorate your own car.

6. Economic Outfit

BJ Reinike

And why buy an expensive lace wedding dress if you can rent it? Same for the groom, instead of buying a suit you'll probably wear once, the most practical way is to rent the changing room. You will find many shops dedicated to the field where you can search and start filtering.

7. Invite without a partner

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Lastly, another way to save on your celebration, without affecting the quality of the banquet or other items, is to reducing the guest list And for that, what better way than to invite your co-workers, cousins and single friends without an escort. I'm sure there will be those who don't like the idea, but ultimately the decision is in your hands .

As you can see, there are different ways to balance the budget and save money, such as reducing or avoiding the cost of the engagement ring or choosing cheap wedding rings, if jewelry is not so important to you. You can also cut costs on the look, decoration and even resort to other tricks, such as getting married in low season or on a Friday.

Evelyn Carpenter is the author of the best-selling book, All you need for your marriage. A Marriage guide. She has been married for over 25 years and has helped countless couples build successful marriages. Evelyn is a sought after speaker and relationship expert, and has been featured in various media outlets including Fox News, Huffington Post, and more.