Wedding Guest Savings Tips

Ah, sweet summertime. Love is in the air and it’s peak wedding season! 💒 Time to help your pals celebrate their big day…and time to empty that wallet. 💸

Weddings and their related festivities can really be a bullet to the budget. 🥴 But have no fear! Some practical savings tips are right here. 👇

 

Here’s Five Fast Facts on how to save as a wedding guest:

  1. 🤑 Love Does Cost a Thing - According to a 2023 survey, wedding guests spend an average of $611 for each wedding they attend. Research also shows that an estimated 62% of wedding guests have at least one financial concern. 
  1. 💡 Ahead of the Game - A great way to keep costs low is to plan ahead. For gifts, hit up the couple’s registry early so you can better choose something within budget. You’ll also have more time to find the best sales. If you’re traveling, planning early allows you to score the best prices on flights and hotels. 
  1. 🤝 All Together Now - Heading to a wedding with other guests? Buddy up to save a buck. Rent an Airbnb with a few other couples and carpool to save money on parking. You can also go in on gifts together. Doing so often means you can buy a big ticket item for the lovely couple without spending a ton. 
  1. 👗 Style Profile - Instead of buying a new outfit for the occasion, why not rent one instead? Sites like Rent the Runway allow you to rent a fun look at a fraction of the cost of buying it new. And don’t forget about thrift stores! They’re filled with formal clothing people have only worn once. While you’re there, grab some jewelry and a clutch!
  1. 🚫 Just Say No - Let’s face it, weddings are expensive AF. If you can’t fit all the festivities into your budget, it’s OK to decline the invite. You could also attend some events and say no to others. Skip that destination bachelor party and plan on raging with your pals on the big day instead. 

🔥Bottom line: Attending a wedding doesn’t have to break the bank. Use these top tips to party with your newlywed pals guilt-free! Did you know that Alzheimer’s disease can impact a person’s financial well-being, even before a diagnosis? For real! Check out the facts on that here

Heading to a lot of weddings this summer?

Let us know by connecting with us on Facebook and Instagram! Also, remember to share this newsletter with your friends & coworkers!

Btw, If you’ve read this far and haven’t yet signed up for the weekly Paycheckology newsletter, CLICK HERE!