It’s no surprise that a wedding is a huge expense. Everything from the ceremony location to the favors costs money. And while that can be a hard pill to swallow, for many couples it doesn’t diminish the desire to have a beautiful wedding as a celebration of their love with their closest family and friends. That’s where the need to set a wedding budget comes in. You’ll have to pay for this large expense one way or another, and one way to meet your savings goals is to reduce your monthly expenses. And while this may seem like a tall task, there are definitely simple ways of doing so.
1. Cut Food Costs
Your monthly food bills can add up quickly, but there are definitely ways to cut these expenses from month to month.
First, start by reducing your grocery bills. While this may not seem like much, it will add up over time! When you go to the grocery store, always enter with a list of what you’re shopping for. When you’re there, stay committed to only buying what’s on the list. This will keep you from making impulse purchases and driving up your bill. While you’re shopping, opt to buy the store brand of the items you purchase rather than the brand name versions. This will save you a few dollars per item, depending on what it is.
Another way to cut down your grocery bill is to cook meals that are easy to make in bulk, resulting in more leftovers. This way, you can stretch one meal into a few servings and freeze leftovers to defrost at a later date and save you from having to buy more ingredients. Another way to save money each month is to bring your lunch to work instead of eating out. While your daily take-out lunch may only cost five to 10 dollars, that adds up to quite a bit over the course of a month. Bring your lunch to work at least a few days a week and make use of your dinner leftovers to save some serious green.
Another way to cut monthly expenses is to eat out less. However, this isn’t always possible, especially over the many weeks leading up to your wedding! Instead, look for restaurant specials to take advantage of to save some green. Another idea to save money while eating out is to split entrees instead of each getting your own or to dine on a couple appetizers instead of entrees. This will definitely slash the bill.
2. Cut Transportation Costs
While transportation is a necessary evil and it comes with certain costs, that doesn’t mean you can’t cut down in this department as you save for your wedding. First, consider whether you can ride your bike or walk to work rather than driving or taking public transit. Not only will this save you money, but it’ll also be a great way to get some exercise.
Another way to reduce monthly expenses while you save for your wedding is to save on your auto insurance. There are a few ways to do this. The first option is to increase your insurance deductible, which will result in a lower monthly premium. Although it doesn’t always work, you could also call your insurance agent and ask if there are any discounts you could take advantage of. If you’re a student or a safe driver, you may be able to reduce your monthly rate this way.
Finally, cut transportation costs by vowing to take fewer ride sharing service rides while you save for your big day. While this service is certainly convenient, it can be costly. Opt instead to take public transportation or use the “pool” features of these apps to save some green.
3. Cut Membership Costs
There are so many memberships nowadays that it’s hard to even keep track of all that you may belong to. These include the gym, streaming services, and so on. Cut down on these monthly costs to save more efficiently for your wedding.
The first way to do this is to make a list of all of the memberships that you and your fiancé belong to. This includes streaming services, subscription boxes, gyms, and even magazine and newspaper subscriptions. Then, compare your lists. See if there is any way to consolidate some of your subscriptions. For instance, if you are both Amazon Prime members, consider consolidating your membership into one so you aren’t both paying the fee. Do the same with television streaming services or see if any other family members would be able to share their login information with you so that you can cancel yours. For memberships you can’t consolidate or share, consider how large of a need the subscription is and whether you can live without it, at least while you’re saving for your wedding. Cancel those that you can live without.
For gym memberships, try to negotiate a lower monthly price. If that doesn’t work, join a different gym that has a special for new members. Or, if you can, cancel your membership and work out at home to save even more.
These are just a few of the many ways you can save money every month to hit your savings goals and have the wedding of your dreams.