Kat’s Money Corner: Invited to a wedding? Don’t let the celebration drain your budget
Warm weather and weddings go hand in hand, and it seems like those save-the-date postcards are arriving more often these days. Even with a heads-up, it can be tough to figure out the cost of gifts and traveling out of town. Weddings can add up fast and drain your “summer-fun stash” quickly. This week, I want to provide you with some tips on how to budget for all things wedding guest-related.
Prepare to Shop
When in doubt, start with the happy couple’s wedding registry. Hopefully, they’ve chosen items across a variety of price points so you can either pick up one or group together a few smaller items, like kitchen utensils. Another idea to consider is going in with another family or couple on a big-ticket gift, such as a vacuum or “nice” dishware.
Don’t think that just because they’ve chosen a blender from one store you can’t buy it from another (just don’t forget to include a gift receipt). In the past, I’ve had great luck finding sales at Macy’s and Home Goods on popular appliances that can be found on any registry.
Of course, some couples may already have their home supplies and, in turn, thinner wish lists. Or, you may find that by the time you get to their registry, showers and celebrations have left you with fewer options. This leaves an option that’s universally welcomed – cash. Set limitations for yourself and designate certain amounts for close friends and family versus acquaintances or distant relatives. That way, you can budget for it at the beginning of the year. Cash is also easier during the busy summer months, too.
http://money.usnews.com/money/the-frugal-shopper/2015/02/23/how-to-buy-budget-friendly-wedding-gifts
Out-of-Town Weddings
More and more, couples are finding ways to make their big day stand out. Often, this means exchanging vows at an exotic or out-of-the-way location. While the big views and breathtaking venues certainly make for memorable photographs, guests’ wallets can take a beating. If your friend’s wedding is located at a popular tourist destination or in a bigger city, don’t be afraid to venture outside the chosen hotel room blocks for a better deal. Using hotel points is also a great idea for saving on expenditures.
Also, if you’re not a member of the bridal party, a far-away wedding can be a good excuse for a long weekend with your spouse or family. Plan ahead and you can schedule a mini-vacation (complete with a night of dinner and dancing). Many venues and resorts have partnerships with local attractions. Call before you arrive to see if you can get discounted tickets or a coupon for transportation through the hotel.
http://evolvingpf.com/2013/03/how-to-spend-less-when-attending-out-of-town-weddings/
Lastly, it’s important to remember that the bride and groom aren’t sending out invitations because they want to stock their kitchen – they’re asking you to be a part of their special day. Don’t feel bad if your budget doesn’t allow for an expensive gift – your presence, and a smaller, heartfelt gift, will be appreciated more.
Kat's Money Corner is posted on Dollars & Sense every Tuesday. Kat Hnatyshyn, when not blogging or caring for her little ones, is a manager with CommunityAmerica Credit Union. For more financial chatter, click http://twitter.com/savinmavens.
This story was originally published June 9, 2015 at 2:00 AM with the headline "Kat’s Money Corner: Invited to a wedding? Don’t let the celebration drain your budget."