Summit Financial Advisors logo

Jamie Letcher

VP, Wealth Management

 

Summit Financial Advisors

Located at Summit Credit Union

401 S. Yellowstone Drive

Madison, WI 53719

 

Phone:  608-271-1012

 

Email: james.letcher@lpl.com

May/June 2024

Down the Aisle for Less

Vintage retro glass jar with hemp rope tie wedding tag and few coins inside on wood counter concept of saving money for wedding

Beginning life as a married couple with significant debt can place a strain on your finances and your relationship. Wedding costs can be exorbitant, but, with a little ingenuity, you can find ways to control them. In addition to setting a wedding budget, consider these ideas for trimming costs.


Invite fewer people. Of course, you want everyone you know to share your special moment, but trimming the guest list means the food, drinks and venue will cost less. Consider hosting a special brunch later at your home for people you left off the list.


Choose a different time and place. Wedding venues typically cost more on weekends. Having your wedding during the week may save you money. Winter months (January through March) are considered off-season for weddings, so you may find low-cost venue options then. Holding the ceremony and reception in an attractive backyard is also something to consider, as is getting married at town hall, followed by dinner at a restaurant.


Save on wedding clothes. Shop sample sales and trunks shows for a wedding gown and bridesmaids’ dresses. Check thrift stores for nearly new tuxes.


Let flowers do double duty. Bridesmaid’s bouquets and flowers from the ceremony can be used to adorn tables at the venue.


Forgo travel. Destination weddings may be all the rage, but you’ll save a bundle by sticking close to home.

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