Planning a wedding is no small feat whether you decide to use a wedding planner or not. It involves a lot of calculations, decision making and of course money spending. If you’re not careful, you’ll go overboard and end up broke after the wedding. Here are 3 money mistakes you should have in mind throughout your wedding planning process. They will help you get through.
Naija weddings are investments…LOL. Depending on how smart you are and how connected you are, you may or may not make your capital back, let alone profit. If you’re well connected and certain “big people” will show up at your wedding, be smart enough to have a live band and couple dance. You know…*wink*
That’s not to say you should bank on what people will give you at your wedding. Your guests don’t owe you anything. If you get lucky enough and get some monetary gifts and not coolers and rice cookers, lucky you. This also means one thing, you don’t owe anybody anything or have to overly impress at this chop and go event. We have put together the most common money mistakes people make will planning their weddings so you can avoid it in your case. You’ll be glad you did.
1. Skipping the budget talk
The first thing to do before starting your wedding planning is setting a budget. Whether you are planning a societal wedding or one on a budget, you still need to set a budget and ensure you stick to it. Skipping the budget talk will only get you stranded eventually.
2. Not prioritizing on your to-do list
After setting a budget, the next thing to do while planning your wedding is to set up a journal. Have a comprehensive list of things you need to do and make time to rearrange them in order of importance. Here is why; if you start out sorting out less important things and leave the must-haves and you run out of money or maximized your budget, you are left with little or no option to increase your set out budget. Here is a wedding planning checklist you’ll find very useful. Thank me later.
3. Borrowing to finance your wedding
This is possibly the biggest and most common wedding mistake in Nigeria. You should never borrow money to finance your wedding because you will have to pay back after tying the knot. You may end up paying for debts in the first few months of your wedding which doesn’t leave a good taste in the mouth and also ruins the joy of being married. So, why bother at all borrowing the money you don’t have to impress people that don’t care?
Now that you know the 3 common mistakes to avoid when planning your wedding. Let’s talking about planning a wedding on a budget. Tips, tricks, and to-dos