‘We want to save £40k for our big day’

investments, or even a kidney or two.” according to the national average, although this may affect their home insurance and there could be tax implications. They will also have to let their mortgage lender know and it may affect their mortgage rate.

They could consider increasing their mortgage and adding £18,000 to the current loan of £370,000, which would increase their repayments by £63 a month. The couple can reassign the £1,000 per month they are currently saving for their wedding to paying the mortgage off once the big day is over. An overpayment of £1,000 a month for 18 months will not only pay off the £18,000 but will reduce the term of the mortgage by one year and eight months, saving them more than £9,500 in interest.

I wouldn’t recommend investing over such a short period, as potential market volatility is too much of a risk. Instead, the couple should focus on getting the best savings rate possible. Virgin Money offers 1.5pc. First of all, the couple should review the cost of the wedding and consider if any expenses can be reduced. They should ask themselves: would they rather spend £40,000 on the big day or cut costs and put £10,000 or so If you’d like to be considered, please email money@ telegraph. co.uk with the subject line “Give me a Money Makeover” and provide the following information:

Your name, age and telephone number (we will not share this with anyone);

Your main financial goals (in as much detail as possible please), details of any debts (including mortgages) and how you would describe your attitude to investment risk;

Current investments, including cash, property and pensions.

You must be willing to be photographed for the article.

towards buying a bigger home or a new car, or having a baby?

I presume they have had this conversation and still want to spend more on the wedding. Having reviewed all costs, they may want to consider a 0pc credit card. These can be used to purchase big items and typically the interest-free period can be from 12 to 24 months.

Once the wedding is over, they could reassign the £1,000 a month they are currently saving for the wedding to paying off the credit card.

“Pension holidays” (suspending pension contributions) are a popular recommendation among some financial advisers as a way to save money, but unless the lost payments are made up within a year I would not recommend it, as they would lose tax relief and growth on those missed payments.

Another option to consider is funding the cost of the wedding via the gift list. Some couples ask guests to contribute cash as a wedding present.

Otherwise they could get discounts for prepaying for some of the wedding items. Of course there is a risk that they lose money if the wedding does not go ahead or the supplier goes bust, although they can insure against some of these eventualities.