How to Plan Your Wedding Finances

Wedding Savings Jar

You've decided to get married and show the world how you feel for each other, and now you need to pick the special day and plan your wedding.

You can even hire wedding planners these days to plan all the aspects of your wedding for you. However, wedding planners can be expensive, and after all, don't you want to be "hands-on" in planning your wedding.

The first thing you need to do in planning your wedding, after getting over the joy of it all, is to set a budget. You need to plan the financial aspects of the wedding in order to move forward with the actual plans.

  • How much do you have to spend on the wedding?
  • How much are you going to spend on the wedding?
  • These are two very different questions, and we will see why.

Wedding Ring Bill

Rally the Finances

How much of a budget do you have to work with for your wedding, which means how much money do you have?

  • If you have family members contributing to the costs, how much are they contributing?
  • How much do you have saved?
  • How much are you considering financing for the wedding?

These amounts will total what you have financially to work with and to plan your wedding.

However, once you add up all your costs and expenses for your wedding, you may find you are going to spend more than what you may have saved and in contributions towards your wedding.

This is where considering a wedding loan to cover the shortfall can be a helpful idea.

A Buddy Wedding Loan can help in making sure you have the money there to cover all the expenses of your big day.

Benefits of a Buddy Wedding Loan

  • You can borrow up to £7,500 for any purpose for your wedding
  • Can be paid back over 60 months (5 years)
  • Competitive interest rate
  • Bad credit is not a problem
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Representative Example

Borrow
£3,250

Term
36 months

Repaying
£158.57 p/m

Total Repayable
£5,714.67

Interest Rate
41.16% (fixed)


Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.