Laura and Adam's wedding saving tips
As newlyweds, Adam and Laura are setting out on a long journey together. Does their compatibility in love extend to their views on money?
For Adam, the last six months have been the happiest of his life and marriage to Laura is still a source of great pride. It took thirteen years to get there though. “You have to save up for these things,” he says. “For years, we never thought we could actually afford to.”
In fact, Laura recalls telling Adam not to propose unless they could afford to get married. When he did pop the question, it gave them six months to organise and save but both agree it was an “amazing day” made possible in no small part by Laura’s “good budgeting” and Adam’s “good funding”. “It’s the perfect team”, says Laura, “but we are quite different when it comes to money”.
Laura is plainly the best saver and Adam admires her for it. “I don't know how she saves the money she does out of her wage.” It's very simple, Laura instructs him. “We have a little book of pennies and we have to budget everything.”
When saving for the wedding, Laura confesses to resorting to her beloved Excel spreadsheets. “It’s my best friend when it comes to budgeting.” Left to Adam, she notes, they wouldn’t have a clue what they had or what they spent. “I’d have well over-spent”, he admits.
Save with a smile: Laura and Adam’s top wedding saving tips
- Make sure you know what you want before you start planning and budgeting. Random purchases will use up your money quickly.
- It can be expensive so costs need to be controlled. Work out your budget and stick to it. Using Excel helps you calculate and visualise your outgoings as they happen.
- Budgeting help is on hand if you need it: we can’t all be like Laura!
- Don’t be lured into the first purchase you see – shop around. Many purchases geared to weddings will have a premium attached.
- Call in favours from friends. Get them helping in any way they can. If they have a talent, use it! Don’t be afraid to cut deals with them or swap favours.
- If they don’t have an immediate skill, have faith in people, show them what you want and communicate with them; it really helps to get great things done.
- Seek out local opportunities: hire a hall out of town, it could be much cheaper.
- Get yourself a discount card like one from a cash and carry.
- Ask sellers for a discount – don’t be afraid to walk away if they won’t budge.
- Whatever you do, and whoever you talk to, always ask with a smile.
- Allow yourself a little luxury. After all, it’s your Big Day!
“If you think rather than spend, you will save a lot of money,” explains Laura. And by saving money on the things that matter less, you can go large on the things that are really important. The cake was “very expensive”, notes Adam, even if Laura paid for it out of her own pocket.
“We budgeted for the wedding like we budget for life and budget for a job,” comments Laura. By Adam’s own admission though, she rightly holds the purse strings in this relationship from now on. They will never share a bank account, she asserts. Adam thinks that’s about right. “I’ll spend all your money.”
The opinions expressed above are of the featured customers and not that of the bank.
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