7 Must-Know Financial Tips for Couples Planning a Destination Wedding

The big wedding day is fast approaching. You and your special someone are planning to get married somewhere abroad. There’s no denying that there will be plenty of expenses to contend with from booking local vendors and so much more. This guide will be able to help you navigate through these financial challenges.

We’ll be taking a look at seven financial tips that you need to know while you’re planning the destination wedding of a lifetime. Once you are finished reading this guide, you will feel a little confident in being able to pull off your dream wedding while keeping things financially sound. Let’s begin with what you need to know.

Choose the right financial products

First, it’s important to find the right financial products that could benefit from making the wedding not only a rousing success but also financially feasible. There is a suite of credit cards that will be tailor-made to handle the wedding expenses.

Particularly, these are the cards that feature cash-back rewards and other incentives. In this case, it pays to save money – especially in the long term. For example, find cards that will have benefits in terms of travel perks.

Also, look out for any fees that may pertain to foreign transactions. Cards that don’t have these transaction fees, in particular, will be something to put on your short list of decisions.

Consider off-peak seasons

To save money on travel, you might want to plan the wedding during an off-peak season. This will have a positive impact on your finances, especially when it comes to booking flights, accommodations, and venues.

The Right Location is Important

When it comes to the right location, you’ll want to choose one that won’t be too expensive or not too cheap. That’s why it’s important to do your research and compare as many options as possible. It also helps to find places that will offer competitive rates. Don’t forget you also need to factor in the options in terms of local vendors as well as the ease of accessibility for your guests.

Plan Ahead and Book Early

They say the early bird gets the worm. This proves to be the case for couples who want to save money while pulling off an epic wedding. So the best way to do this is to plan and book as early as possible. This will also allow you the opportunity to take advantage of any promotions or discounts that may be available – even online like Expedia, Orbitz, and other sites. 

Use Local Vendors

Once you’ve chosen the right location, now you can have the chance to speak with local vendors. Specifically, this includes catering, entertainment, and wedding photography.

Be sure to compare the options if you’re looking for competitive prices (something you should review aside from the other “do’s and don’ts” to consider). Local vendors also have the best understanding of the area that you chose, so be sure to take some advice they might provide.

Look for Group Discounts and Deals

Considering the size of the wedding party and the guest list will be something you do not want to miss. For this reason, you need to look for group discounts and deals that will not only be easy for their travel and accommodations but also their wallets as well (for their own non-travel expenses). You can handle their flight, accommodations, and transportation options as part of the package deal so they don’t have to do it all.

Stick To Your Budget

We’ve saved this tip for last. While we’ve provided plenty of financial tips for you to save on your destination wedding it’s always a good idea to stick to your planned budget. Be sure to keep expenses within those means. Yes, you have to make tough decisions regarding the destination, the vendors and so much more.

But don’t fret, though. You can make the best of your wedding while keeping it within the lines of your budget. Surprisingly, it’ll turn out better than you think. 

Final Thoughts

A destination wedding is something that can be a dream come true for you and your special someone. It’s also important to prepare to make this one of the more financially sound decisions that both of you will ever make.

We hope that you use these seven tips above to ensure that not only your wedding is memorable, but also one of the best investments you’ve made. All without making reckless financial decisions in the process.

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