For some reason society has decided that the parents of the bride are responsible for the majority of wedding expenses. Since this is the case, if you have daughters, you need to be saving for their weddings for years in advance. This takes large sums of discipline but it will help make a wedding day perfect.
The first thing you need to do is establish your budget. It will be very difficult to save for a marriage if you do not know how much you need to save. It is important to know that you do not need to spend tens of thousands of dollars on a wedding. If you are on a tight budget, take some time to find out how much a modest wedding will cost.
Once you have figured out how much money you need to save, it is time to do some simple math. Figure out how long you have to save this money. Then find out how much money you need to save each month or even each week so that you can afford the wedding.
There is one thing that can make this simple math equation difficult. How are you expected to find out how long you have to save when you have no idea when your daughter will get married? Since you do not know when the wedding will be you need to play it safe. Your daughter can get married as early as eighteen years old. Do your best to save the money by the time she turns eighteen.
3 Saving Techniques
Saving can be very difficult for many people. If you start saving early enough it will be much easier. If you are saving for eighteen years, it will not be a burden. There are a few different approaches you can take. One idea is to save your change. Buy or find a very large bottle or container. Label the bottle with your daughter's name and the word Wedding. The key is to never spend your coins. Whenever you receive change from the store, come home and put your change in the bottle. If this is your approach encourage your daughter to put all of her loose change into her wedding bottle.
Another approach you can take is by saving a certain percentage of your paycheck. This percentage does not need to be big. If you save one percent of everything you make, you will be amazed at how much it will add up to over the years. This is a popular approach because the amount is so small that saving is not a burden.
The final approach is to treat the wedding fund like it is a bill. You can charge yourself either every month or every time you receive a paycheck. Remember that if you start saving early this will be a small amount of money. If you pay twenty dollars to a wedding account each time you receive a paycheck, the money will add up.
If you are not using the change bottle method it is best to open up a separate savings account for a wedding fund. If you have more than one daughter, save for each of their weddings individually instead of together. This will make it easier to avoid spending your other girls funds on the first wedding.