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Destination I Do
Wednesday, January 26, 2022

4 Ways to Combat Financial Stress

Words by Kinsley Brown
Photos courtesy of Canva


They popped the question, and now it’s time for the planning to begin! With wedding planning comes a lot of responsibility. But, have no fear, there are ways to combat the financial stress by adding more structure and organization when planning your big day and the events leading up to it!



Consider the following tips to ease the financial side of wedding planning stress:


Craft a
Vision

Before booking any service or making any reservations, create a vision board with picture cutouts or prints of colors, fabrics, decorations, flowers, etc. you are inspired by. Having a good grasp on what you need and want can give you a glimpse into how much you’ll need to budget.

A Pinterest board is a fantastic place to start since it’s a downloadable app you can access at any time on your smartphone. With it, you can quickly show vendors exactly what you’d like or a photo for inspiration. If you want to get really creative, search Google or wedding websites, and print out pictures to get an idea of what theme and style you are looking for.

What is your ideal range for the total cost of your wedding and the vision it will create? Setting a specific budget will help keep you on track and within your limit and your dreams. Here's how to break it down for yourself, so you can just start to think about the details: 

  • What do you envision your bridal shower, wedding ceremony, and wedding reception looking like? Consider scale and location. 

  • Do you have a wedding theme you want to accomplish through decor and your invitations?

  • What are your needs vs. wants? You may have to scale back on certain things to splurge on others. 

  • How many wedding guests do you plan to invite? The number of guests directly impacts the amount you’re going to have to budget for when considering food, drinks, and even venue. 

Crafting a vision and considering these five ideas can help ease the financial stress that can arise when speaking with your wedding planner, venue manager, and vendors. 


Layout an Initial Financial Plan

After you create a vision, develop a financial plan. It’s imperative to map out what categories you need to spend your money on so you can accurately choose certain details of your wedding without worry. Research price ranges for items like invitations, venues, caterers, photographers, transportation, etc. Implement these prices into a spreadsheet or app so you can get the big picture of what you could be spending. This will help keep your wedding finances organized and allow you to go through and check off items once purchases are complete. 

A well-defined financial plan should include how you plan to pay for your wedding. Figure out whether you and your soon-to-be partner are paying for everything, or if your parents are planning on helping out. There are a variety of payment methods to utilize that can help you finance the cost of a wedding. The option of paying cash up front is most likely always on the table. If that’s not the best financial choice for you, look into a personal line of credit as an option and how it differs from other payment methods like a credit card. Alternatively, personal loans can help you break up payments so you don’t have to pay for everything all at once–since that can cause stress itself. 


Utilize Resources

Utilize various resources to help ease the stress of wedding planning. Consider looking into wedding planning apps along with checklists to help you stay organized and on top of all the moving parts of your wedding. 

Your loved ones around you are your best resource, and you should lean on them. Consider reaching out to your family, wedding party, and, of course, your partner! Utilize the people who are there to help and don’t be afraid to hand off some of your tasks to prevent feeling overwhelmed. 


Prioritize Self Care

It’s inevitable that some financial stress could cause you to have family conflict between you and your future spouse and even your family. Yes, it can be tough when navigating family conflict, but it’s important to take care of yourself in order to keep calm during the process. There are several ways you can prioritize self care: planning a couples massage, journaling daily, and reconnecting with your partner through date nights. 

Using these tips will allow you to have a set plan in place to help you manage the stress partners may have to deal with when it comes to planning the big day. 

 

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