So you’ve put in all the hours of planning and work, and your wedding budget is finally complete. Major expenses are accounted for, and you’ve made room for smaller ones as well. All done, at last.
Are you sure about that? Isn’t there something you’ve overlooked?
Don’t go rushing to double-check your budget, though. Just consider whether you’ve listed all your post-wedding expenses. If not, it’s back to the drawing board!
Post-Wedding Expenses to List in Your Budget
If you don’t plan ahead for potential expenses that show up after your wedding, these could play havoc with your finances. You would either have to dip into your savings or take a marriage loan to help pay them off.
Here are 7 post-wedding costs that may not have made their way into your wedding budget:
- Unplanned Guests – It happens at every wedding. Someone shows up who didn’t RSVP, or brings along a plus one with no warning. Venues and caterers will charge you for extra guests, and you need to give them welcome gifts or wedding favors as well.
- Hidden Expenses – If wedding celebrations go on longer than planned, you will face overtime charges from vendors. Put these in your budget, along with tips, service charges, sales tax and fees. Whatever you don’t spend can be used for wedding loan repayments or a special treat!
- Honeymoon Extras – You may have accounted for the cost of tickets, stay and meals for your honeymoon, but what about things like shopping and sightseeing? These little extras can put a dent in your pocket, especially if you’re traveling to an international destination.
- Thank You Cards – These may not seem like they will have a big impact on your wallet. But, total up the cost of printing and posting thank you cards to everyone who attended your wedding, and gifts for those who helped out. It adds up to quite a lot.
- Setting Up Home – If you’re moving to a different city after your marriage, you will need to buy all the essentials to make your house a home. Even if you’re not changing cities, you still have to stock up on everything that you and your partner will need!
- After-Parties – When you return from your honeymoon, friends and family will want to meet you right away. You may be hosting parties for well-wishers for a while after your wedding, which means the additional expense of food, drinks and favors.
- Wedding Albums – Between your photographer and guests, you will have thousands of photos and videos of your wedding. Include the cost of having shortlisted photos and videos professionally edited, as well as printing, albums, etc. in your budget.
Wedding expenses don’t end on the day of your wedding. A personal loan for marriage can act as an emergency fund to help you deal with last-minute expenses and post-wedding costs, without the stress!
Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at email@example.com.