Saving for a wedding

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For some years now saving culture has been encouraged locally.  Whether you are saving up to buy a car or a down payment for a house, land, a trip, or it can even be a household item that you need. Many supermarkets overtime have adopted the culture of allowing you to pay in two to three installments for household items, which can be spread over a period of 2 to 3 months. That makes someone save and afford what they couldn’t otherwise immediately have done so. The beauty to such payment for household items is,  it’s not usually on higher purchase price. Hence the exact price on the item is what you pay for when done with installments. 

Some years now to encourage savings culture,  there has been the 52 week challenge that some have practiced, to keep money aside and at the end of the year have money for any project that they have in mind.

With weddings, it’s a day that we plan for in advance and so saving for it would be a wise idea. Years are gone when you rely on wedding committees to raise funds for your big day. Some still do but only a few manage to reach their target amounts through this method.  On many social media platforms there have been complaints of being added to a WhatsApp group from people you haven’t heard from for years to find they have put you in their wedding committee to help raise funds and also help meet the deficit that won’t easily be realized through crowdfunding.  It’s easy to contribute twice or even thrice what you set aside to spend when you find yourself in a wedding committee.

There are a lot of benefits to saving and funding your own wedding as either the bride and groom and for some with the financial support of both their families.  When you decide to save for your wedding on your own, you can easily work on the vision of your day without external influence or with little but still within your control.  There is an entitlement that comes with working with a wedding committee.  When someone gives money for your wedding they may largely influence a vendor, venue, or even numbers you invite as they feel they’re invested in your big day. If it’s okay with you, proceed. If not then keeping money aside for your wedding is the way to go for you.

There are many ways to save for a wedding.  One maybe through a fixed account. This can be determined with the date you have in mind whether the funds will have matured by then. A second way is there are trustworthy and reliable vendors for who you can book a date and slowly pay monthly towards the wedding day. You can do this and be left with the sum of money that’s equivalent to the final payment for each vendor. This will then leave you with a reasonable amount to pay on the week of your big day. Whether you save cash and pay up at the last moment or pay vendors on installments,  paying for your own wedding when there is no family financial support can be reasonable than burdening a wedding committee to crowdfund it.