8 Tips on How to Pay for a Wedding if You Don’t Have Enough Cash

If you’re planning a wedding but don’t have cash, there are several ways to save for your big day. These include using your credit card to pay for the wedding, saving monthly, and taking out a personal loan if you have a low income to cover the cost. In addition, if you want to save even more money, you can cut back on your daily expenses. These options may not be the best choice for everyone, but they’re great options if you can afford them.

Monthly Savings

To save up for your wedding, start early. Estimate the total cost of the event and break it up into smaller monthly amounts. If you cannot save enough money for the event, borrow strategically. This way, you’ll have the funds available for your big day. By planning, you can save up to three times as much as you need to, but you’ll still be able to enjoy a lavish wedding.

Consider applying for a credit card with 0% or low interest to supplement your savings. Of course, you’ll need a good credit score to qualify for this financing, but you can use the money for the wedding.

Personal Loan

Before you apply for a personal loan, compare interest rates and repayment terms. Make sure to compare several different lenders before choosing a loan provider. You’ll pay less if you cut back on other costs. Also, remember that the rates and fees of a personal loan vary wildly, so it’s worth shopping around before you commit. Suppose you don’t want to take on additional debt. In that case, you might consider a wedding loan that will provide enough money to cover your wedding.

Credit Card

Among the main benefits of using a credit card to pay for your wedding are rewards that can be redeemed in cash or points. The best credit cards for wedding expenses come with a 0% introductory APR period, and you can earn rewards on purchases. With some cards can earn up to 1.5% cash back on all purchases.

However, you should know the disadvantages of using credit cards to finance your wedding. For example, if you max out your credit card, you may face steep interest charges, which can hurt your budget. A good credit score is a key to unlocking low-interest rates and financing options. Sign up for a free credit report to get the best loan offers!

Cut Back on Expenses

To save money for the wedding, cut down on your discretionary spending. Cutting out expensive restaurants and coffee shops is one way to save for the wedding. However, you do not need to stop eating out, drinking coffee, or renting a car. If you don’t want to completely cut down on these things, you can still cut back on them once the wedding is paid for. Talk to your partner about your budget and find ways to cut back temporarily. Then, channel that money towards your wedding.

Image Source: Unsplash

Borrow from Friends or Family

Borrowing from family or friends to pay for your wedding is one way to have the wedding of your dreams without having to dip into your savings. The best way to do this is to start saving early on or break the cost into monthly payments. You can also look for ways to borrow strategically from friends and family.

Cut Costs of Food and Booze

If you don’t have a lot of money to pay for a wedding, there are some ways to cut costs. For one thing, you can bring your alcohol. You can get bulk discounts at liquor superstores or warehouse stores. Wine stores often offer discounts of 10 to 15 percent. Similarly, consider buying wine in bulk and putting it at the tables yourself.

Source: https://www.i-do.com.au

Choose an Off-Season Date

Consider an off-season date if you struggle to find enough money for your wedding. This will reduce your wedding costs, as most vendors will be less busy during the off-season. Depending on your location, the off-season wedding months vary.  Keep in mind that the off-season wedding months are less desirable but are still quite affordable.


Determining your wedding budget is the first step toward DIY as much as possible. The best place to start is by identifying who in the family has wedding-related skills. It might be a friend or relative, but someone skilled in decorating can help save money on a wedding. You can also barter for their services. If you’re not an artist or organization expert, you can offer your services as a hobby. If you can’t make a decent cake, you can purchase cupcakes or pies instead.

You can also use local breweries for the catering and drinks. These venues often have unique offerings and can be cheaper than professional bar services. Food can also be made on a budget by limiting the menu to signature drinks, favourite wines, spirits, or a combination of both. In addition, the bride and her guests can help prepare each course of the meal, which will cut down on the overall cost.

Final Thoughts

Remember that there’s no “perfect” wedding. You and your future spouse should not go into debt just to celebrate your new union. Instead, list everything you need and want for your wedding. Once you’ve compiled this list, you can build your wedding budget. Then, you can cut costs of other things like floral arrangements, mode of transportation, and additional fees.