3 Ways To Pay For Your Special Day

Chrysa Keenon's picture
Written By
Chrysa Keenon
Date
February 7, 2021
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Everyone is entitled to their dream wedding. Some of us want a beach wedding in the Caribbean, an exciting party wedding in Los Angeles, and a magical one in a forest. We all want it to be unique and perfect in our own ways. It is easy to plan and get excited, the budget, however, is another story. If your budget is tight from other financial obligations, it can be challenging. Luckily, there are many options to fund your wedding. 

Here are three ways to pay for your special day—from working, taking out a loan, to saving as much as you can!

 

1. Look For A Side Hustle

Do you have a part-time job or a side hustle? Hard work is always one of the keys to success. And if you don’t want to take any shortcuts, the best thing you can do is look for a side hustle. By looking for a sideline or part-time job, you will earn more and be able to save for your special day. No matter what job you currently have, it is still possible to make extra money. Here are some side-hustle you can try:

 

Online Business

Since the pandemic, many people opt to buy everything online. And that changes the demand and support for online shopping. That allows you to start your online side business to earn more money. You can buy and sell items such as food, clothing, gadgets, and beauty products. While it may seem slow at first, your earnings could be limitless once you established your brand. 

Pet Walking / Sitting

Many people can’t go out now from restrictions or busy schedules, compromising pet schedules too. Dog parents are particular with their fur babies, and you could help them by pet sitting or walking them. You can earn as much as $15-$75 per day, depending on your availability. 

Baby Sitting

If you are not keen on taking care of pets, you can try babysitting. Babysitting will not only help you earn money, but it will also prepare you for the future or help you develop yourself. 

Tutoring

If you have any skills, may it be academic or talent, you can try tutoring. There are increasing demands for home and online tutoring. You can teach instruments, help people learn web coding and graphic designing, and train dancers or singers. The pay is also good, and more importantly, you can enjoy doing it. 

Virtual Assistant

Virtual assistants are one of the most flexible and good-paying online jobs. You can manage your own time and help businesses succeed. All you need to do is be detail-oriented, hard-working, and an easy learner. 

There are many more side hustles you can try. You can find one that will be suitable for you and help you earn a fair amount of money right away. 

 

2. Take Out A Loan

Weddings are one of the most expensive events that you will undergo in your life. And you can always earn more money, but this particular day will only happen once in a lifetime. If you want an easy fix, you can take out a line to fund this day to remember. A low-rate personal loan will be the most convenient and safest way to finance your nuptials. You can get a better rate, especially if you have a good credit history. All you have to do is find the best company so you will not pay more than you need to and be in massive debt. 

How To Qualify For A Personal Loan?

  1. Make sure you have an excellent credit score. It is one of the key factors to qualify for a personal loan.
  2. Review your credit report, check for errors and fix them.
  3. Pay your bills and debt on time. 
  4. Present proof of stable income. 
  5. Have a cosigner with good credit standing.
  6. Select the best lender.

A personal loan doesn't need any collateral, but you need to qualify before it gets approved. Moreover, you need to choose the terms to pay it and pay it at a rate. This is a better option than spending all your savings to cover your wedding day cost. 

 

3. Cut On Your Expenses And Save More Money

If you want the best wedding, you should be practical and be strict on your finances before your wedding day. Cutting up on your expenses will save you a lot of money than you've ever imagined. First, you and your partner should look at your current costs that you can cut off. Do you regularly dine out or have a meal plan subscription? Maybe you can just cook at home and save that money. How much do you pay for your phone plan, gym subscription or cable? Perhaps you can downgrade the plan. 

Next, look into your spending habits. Many people have everyday expenses that may not hurt your pocket every day but still accumulate to something big. Instead of buying coffee at Starbucks, brew your own or buy a cheaper one. Instead of taking the Uber every day, opt for the Subway. You can also pack some lunch instead of buying at restaurants every day. It might seem like a small amount of money, but if you sum up everything, it can be a huge help after all. 

Finally, make small sacrifices. You don’t need to change your life altogether and strip yourself of happiness. One good mentality to have before spending your money is to think if you just want it or really need it.
 

A lousy wedding or no money left are both undesirable options to start your new life with a partner. Ensure that whatever you choose, it will help strengthen and enrich your relationship. Just remember that there are plenty of ways of spicing up your wedding without hurting your budget. There are many ideas for the perfect wedding that will certainly make your heart happy. Communicate with each other, plan properly, and research as much as you can to achieve the wedding you both deserve.

 

 

 

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