How Much Can You Save?
As soon as you’re engaged, start putting aside as much of your income as you can for the wedding. Saving 20% of your monthly income is a good - though painful - goal. The longer your engagement, the more you’ll be able to store away. WAYS TO SAVE: Limit your spending on small stuff (renting movies instead of going out; indulging in a coffee once instead of twice a day; downloading just the song you love instead of buying the whole CD). These changes will hardly affect your quality of life, but after a year, the extra cash will cover some wedding essentials. MAKE THE MOST OF YOUR MONEY: Instead of stashing your money in a lowinterest savings account, consider a term deposit account or buying shares. The interest rate can be double that of a savings account. Just check the fine print to avoid penalties or locking your money away for a fixed term and being unable to access your money in time for your wedding.