Budgeting is important with every aspect of your life, but it is arguably most important when it comes to wedding planning.
I often say the best places to look to save money on reoccurring expenses are housing, transportation, and food. That’s because they are usually where you spend the most money, so you have the most room to make meaningful savings.
When it comes to one-time expenses, weddings make the top of the list. The average wedding in the United States costs over $35,000 (2016 data from The Knot)! Yes, an average wedding cost more than most new cars!
You know what $35,000 would be if invested for 40 years (with a 7% annual growth rate)?
I do*.
$489,819!
That is why there is a huge opportunity to efficiently plan your wedding on a budget. And with all your new found savings, you can go invest it and watch it grow over time!
*ha. Get it? Weddings… Anyway, read below to get some awesome wedding planning tips.
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