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attending wedding on budget

Attending Weddings on a Budget

Did you know that June is the most popular month for weddings? – With August running a very close second?

Since peak marriage season is just around the corner, we’d like to take some time today to offer some suggestions on how to enjoy being a guest at a wedding, without it costing you an arm and a leg. Here are a few of our favorite suggestions:

1) Search the gift registry for ‘big gifts with small price tags’

One of the first things you should do when invited to a wedding is look at the gift registry. You want to buy a quality gift that will be appreciated by the couple, but won’t upend your finances; a great option is a ‘big gift with a small price tag’ – something along the lines of a toaster, blender, or microwave.  Buy it before someone else does!

2) Share the cost of a “bigger ticket” gift with other guests

The average price of a wedding gift now ranges between $70 and $100, so here is another option: find an even more expensive item – but share the cost with others.

3) Look into flight and hotel reservations the moment you are given the wedding date

Another huge cost associated with attending a wedding is related to added expenses for out-of-town guests. Your best option is to make sure you begin making travel plans and accommodations the moment you learn the official wedding date. This will give you a jump on the lowest rates and also help you potentially uncover special offers in the marketplace.

4) In the official wedding party? – Find low-cost alternatives to major added expenses

A recent estimate shows that most bridal party members spend over $500 to partake in this honor. Bachelor/bachelorette parties, extra dresses and outfits, costs for hair and makeup – these figures add up, sometimes to staggering sums. Do everything possible to keep these group costs low. To give just one example, try to talk the bridal party group out of buying a dress or shoes that are so unique, they can only be worn once!

5) Remember that the biggest gift of all is time!

Last, but certainly not least on our list of recommendations, is to offer something truly special to the bride and groom: your time.

Having a hard time meeting the cost of the wedding – and the three additional weddings you were invited to over the next two months? Why not offer something personal for the couple either on their wedding day, or on the days leading up to the wedding? Maybe you’re a great photographer, or baker; perhaps you have a certain skill with calligraphy, which can come in handy when it comes to drafting invitations.   The bottom line is that any service you perform shows your generosity of spirit, and affection for the couple… which, after all, is what being a guest at a wedding is really all about.

We are J.G. Wentworth, this nation’s leader in purchasing future structured settlement payments for cash now, and we hope our list of low-cost options for attending weddings is helpful to you.  We have other blogs that offer some great recommendations on how to live life to the fullest while staying fiscally responsible and financially on track, and encourage you to read them here.  Please also feel free to reach out to us anytime at 877-227-4713 to discuss your structured settlement or annuity payments.