The proposal – finding THE ring (after finding The One!)
You’ve found the one, now you have to find the ring. Jewellery advertisers would have you believe the rock should cost two months’ salary, yet whatever your budget, you can still get your bling for less ker-ching – and you could even find some gems on eBay*.
The perfect day doesn’t mean spending loads
Too many couples work through a wanna-have list – a film star dress, flowing champagne, platinum rings, a five-star honeymoon. Only then, they ask how they’ll pay for it.
Get max interest on your wedding savings
If you’re saving up to get hitched, or perhaps your parents have given you some money, make sure you maximise the interest.
‘Setting off’ means banks can swipe big money from our accounts without permission. So if you’ve a loan or credit card debts, be very careful about other people, such as your parents, giving you cash to fund your wedding.
Play the wedding prioritisation game
Once you know your budget, the aim’s to work out how much you can actually afford to spend on different areas and prioritise what’s important to YOU.
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Everyday savings help towards the big day
Small sacrifices can boost your wedding coffers. If your big day is a year away, cut out something today that you buy every day. If you cut out £2 crisps and Coke each day, you’d have 365 x £2 to spend, making £730. Try our Demotivator tool, which reveals your annual spend on coffees, snacks, cigs, mags and other discretionary purchases to help you cut back.
If a few quid more in the wedding fund would really help, get flogging. Selling via eBay usually pays best. Our 40+ eBay Selling Tricks guide is a crash course, from cutting eBay fees by tweaking start prices and using no-charge listing weekends, to adding extra pics with special tools.
Should you borrow to pay for the wedding?
If you can possibly avoid it, don’t borrow for the big day. Leaving yourself in debt at the start of your married life is not the best idea.
Sadly, firms go bust. Often wedding suppliers ask for a deposit far in advance, so if the worst happens, it’s a nightmare.
Use Martin’s Money Mantras and don’t overspend
It’s easy to get swept up in the romance of the moment. To keep you disciplined, use Martin’s Money Mantras.
Bag 5% off all your wedding shopping
Cashback credit cards pay you every time you spend on ’em. The idea’s you grab one, then set up a direct debit to repay in full every month so it’s interest-free. If you’ve a good credit score, the American Express Everyday Platinum* gives new cardholders 5% cashback (max £125) for three months (and 1.25% after).
Always set up a direct debit to repay in full so you avoid interest, or it’s 19.9% representative APR on purchases. Full help and best buys in the Top Cashback Cards guide.
Party for less – receptions for less than £1K
Holiday Inn, Old English Inns and Britannia hotels have £999 wedding packages – fab if you’re on a tight budget and have a limited guestlist. The key is you know what you’re going to pay from the outset.