FRIENDS for­ever

DON’T LET FI­NANCES GET BE­TWEEN YOU AND YOUR BFFS ON YOUR BIG DAY. THESE SIM­PLE BUD­GET TIPS WILL KEEP YOUR WED­DING, AND FRIEND­SHIPS, BLISS­FUL.

Weddingbells (Toronto) - - DETAILS -

MOST BRIDES KNOW their own bud­get for their wed­ding, but what about the fi­nan­cial con­straints of their bridal party? That’s of­ten when friend­ships can get tense, as the dresses, shoes, hair, makeup, travel and gifts can be­come un­af­ford­able. Ac­cord­ing to a re­cent poll from TD Canada Trust, 50 per cent of Mil­len­nial and Gen X Cana­di­ans said on av­er­age they have spent – or plan to spend – be­tween $200 and $5 wed­ding party; and a quar­ter said they ac­tu­ally spend $600 or more for the av­er­age wed­ding. The good news is that you can have the wed­ding you want, and keep your re­la­tion­ships in­tact, with these tips from Ray Chun, Se­nior Vice Pres­i­dent, Ev­ery­day Bank­ing and Per­sonal and In­di­rect Lend­ing at TD. Set a re­al­is­tic bud­get. Sure, ev­ery­one is re­spon­si­ble for their wed­ding at­tire, groom­ing, gifts, pre-wed­ding events and travel, but you can help by work­ing with price points that are ac­ces­si­ble for ev­ery­one. Ask your friends about their bud­gets so you can find dresses and ac­com­mo­da­tions, for in­stance, that are af­ford­able.

Push for pur­chas­ing power. Get­ting a group rate for a ho­tel can help your guests save money, so ne­go­ti­ate lodg­ing as far in ad­vance as pos­si­ble.

Help your bridal party plan for ex­penses. Let your friends and fam­ily know ahead of time what they can ex­pect to pay for (such as or­der­ing a brides­maid dress and pay­ing a de­posit for hair and makeup). You could even go the ex­tra mile and en­cour­age your girls to open a Tax-Free Sav­ings ac­count so they can start sav­ing their money early.

Have a well-thought-out reg­istry. Choose a wide range of items at dif­fer­ent price points so ev­ery­one’s bud­get is ac­com­mo­dated. If you do choose larger-ticket items, you could sug­gest that the item be pur­chased as a group gift.

Re­ward your­self: Depend­ing on the type of credit card you have and where you shop, you and your brides­maids could use some points to save money.

Shop around: Ask peo­ple you know for rec­om­men­da­tions and do your re­search—you don’t have to buy the first dress you see or book the first pho­tog­ra­pher you meet.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.