![]() If you know there are weddings in your future, start planning now.īuild guest expenses into your budget with a sinking fund - a savings account dedicated to a planned expense. Moving charges to a card with a low or 0% APR for balance transfers gives extra time to pay without running up a lot of interest. However, make sure you have a plan to pay off that debt - the debt avalanche or snowball methods are popular. If those strategies aren’t enough, you might consider putting your wedding guest expenses on a credit card. But, he says, “I also don’t want people to miss out on those memorable experiences.” He suggests trying to reduce spending or temporarily increase income to cover extra costs. You’re likely to do everything you can to share a close friend’s or family member’s special day - even if it stretches your budget.Īppel doesn’t advocate going into debt for a wedding. He suggests a gift with personal meaning behind it, something “that maybe reflects back on an experience or a shared memory.” A group gift is another way to give a higher-priced item without busting your budget. “Just because we know the person well doesn’t necessarily mean that you need to spend a significant amount of money on a gift,” Appel says. Clothing rental services like Rent the Runway or Nuuly help you cut costs and still feel special.Īnd don’t let expectations to spend outrageously on gifts hold you back. “If you can duplicate outfits as opposed to doing multiple different outfits for every wedding, I always recommend that,” Appel says. ![]() After more than two years of pandemic living, formal clothes hanging in your closet might not fit the way they used to. You also want to bring a gift and look presentable. Getting to the wedding is only part of the cost. SET REASONABLE SPENDING LIMITS FOR GIFTS AND OUTFITS You might also consider sharing a room or splitting a vacation rental with other guests.Īppel also suggests making the trip do double duty if you have nearby family or friends who you were planning to visit this year. Make sure you don’t miss the deadline to catch that deal. Most couples are still providing hotel room blocks at a discounted rate for their guests, Harris says. Consider sharing rental-car or ride-share costs with other guests to save some cash. “Each wedding is a few hundred dollars to rent a car when you’re there for a weekend,” says Elliott Appel, a certified financial planner in Madison, Wisconsin. Getting around town once you arrive is another cost. UN court gets request for advisory opinion on climate change
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