Wedding Budget Calculator

Managing your wedding budget is not difficult if you remove any unnecessary expenses. Try and prioritise the main and essential expenses for the wedding. You can also compare the quotes between different wedding planners and opt for the one with better pricing but also good services.

Wedding expenses are not just limited to the wedding. After marriage, running the household and managing daily needs will also be an expense on their own. Therefore, it is always advisable to plan your wedding finances so that you do not have to struggle with loans and debts during the initial years of the marriage.

You can start planning your wedding by making a rough plan of what you want your wedding to look like. Then, start contacting different wedding planners to see who can help you plan your wedding as per your preference.

Apart from that, you will also have to start calculating the expenses so that if you need to fill any gaps or avoid unnecessary expenses, you plan ahead. First, consider all of the expenses separately and then fill in all the values in the online wedding cost calculator to get the total cost of your wedding.

A wedding can be affordable if it is well-planned and suits your budget perfectly. Therefore, one should plan their wedding and the related expenses carefully with the help of a wedding cost calculator so that the complete financial aspect of the wedding can be covered within one’s budget.

For that, you can also look up different options for the ceremony that do not involve unnecessary and lavish expenses.

As you may be aware, the inflation rate will keep fluctuating every now and then, so you can input the current inflation rate to arrive at the result on the wedding budget calculator, even though this value may not be the same a few years down the line.

Though you cannot be sure of the actual rate of return on your investment in the future, based on the current market trends, you can enter an approximate percentage value that may be the expected rate of return at the end of your investment tenure. However, this value may not be the same in the future.

A wedding can be made memorable if it is well-planned. Most people go out of the way to plan very elaborate celebrations, but one should only do so if they are certain that their future is financially secure. You can also plan something simple but different for your wedding to make it memorable.

The type of insurance that covers different types of losses that may occur during a wedding is known as wedding insurance. Ranging from accidental fires and cancellation of the wedding due to natural and human causes to a personal accident cover for the insured and so on, many such losses can be covered by a wedding insurance policy.

As a newly married couple, you and your partner will be taking on a number of new responsibilities. Therefore, securing yourselves and one another financially should be a priority so that in case of an untoward incident, the surviving partner or your children should be able to sustain themselves financially.

Yes, a newly married couple should invest in life insurance for wealth creation. A savings plan would be most suitable for this purpose. Younger couples can determine their investment period that will help them make a steady, regular, and long-term investment for achieving their future monetary goals.

Yes, if a newly married couple opts for a savings plan such as a money-back plan or an endowment plan that offers guaranteed returns, they can utilise the benefits of life insurance to save money while the life cover offers added protection to them.

New married couples can opt for life insurance plans such as term life insurance for comprehensive pure life coverage. One can also consider starting a savings plan for guaranteed returns for their long-term goals after marriage so they can plan major expenses for the future well in advance.