Most people start worrying about debt after they are in too deep and can no longer keep up with monthly repayments. But what if you are not in debt but are currently planning for the future? With wedding season in full swing, here are four tips that will help you manage your finances without falling into the debt trap.

Work out a Wedding Budget

With the average cost of a wedding standing between £15,000 and £25,000, it is no surprise that many couples begin married life on a less than stable financial footing. With this in mind, it makes sense that as a couple you shouldn’t rush into wedding preparations without deciding on a budget.

Friends with Benefits

Planning a wedding can be stressful and costly but it isn’t something you have to do alone. Don’t be afraid to delegate some of the responsibility to friends and family. This will not only free up some more time for you to plan the major aspects of your wedding for example the venue and the band but it can also save you a fortune. If you know any talented bakers that could help with your wedding cake or someone tech savvy that could create stunning wedding invitations at a fraction of the cost, utilize your contacts and drive down the cost of your special day.

Reduce the Guest List

If you want to avoid getting into debt, it is essential that you stick to the budget you have put in place. If you have called in favors from friends but are still finding it difficult to work with your budget, a possible option is to reduce your guest list. This may be a last resort for many couples but having a more extravagant wedding ceremony with fewer guests is one way to have the wedding of your dreams without compromising your financial security.

Take Instant Action

If you do go over your wedding budget slightly, it is not the end of the world but it is essential to make cuts elsewhere to enable you to pay off any wedding debt immediately. Burying your head in the sand can cost you more in the long run and it will take you longer to clear your balance. If you are looking for help financially, the team at www.1ststop.co.uk can offer you expert financial advice and provide you with a financial option to meet your needs.