Wedding season is upon us! Love and excitement are in the air, along with quite a bit of stress. Preparing your event can be tense, especially when money is the key to fulfilling your dream wedding. The family budget as a married couple is no less important either, so staying on track of it can help you save and enjoy your life more.
With proper budget management, you don’t need to worry much. Thanks to iCard, you can make the best of your wedding planning and the adventure that follows! This article is for every engaged couple – get the answer to your financial questions in a few minutes read.
Start saving before the big day
Planning your wedding can be pretty stressful and time-consuming, but in the end, you know it’s worth it. Saving money for long-awaited (or unexpected) occasions like this one will undoubtedly save you some worries in the long-term. Once you’re engaged, you and your partner can create a mutual budget and prioritize the important monthly spendings over the non-essential ones. This will make it easier for both of you to save more and ultimately reach your goal.
Here comes the best part! With iCard, you can prepare with less stress. Having an overview of your expenses makes it easier to know what stays and what goes. Instead of drowning in spreadsheets and paper receipts, you can see all your activity every time you log into your iCard account.
Our tip for saving is to open another iCard account for free. Dedicate it to your future wedding and easily transfer money from your main account to the other instantly and fee-free. Your significant other can contribute to your future, too – they can send you funds, or you can request money without any fees if they’re also an iCard user.
We also offer other ways to fund your account if you get your primary income elsewhere. Use your Apple Pay/Google Pay™ to do it instantly for a fee of 0.5% or make a bank transfer fee-free, if you’re not in a rush (the transfer arrives within a day or two). The choice is yours.
Break down your expected costs
Saving for the big day is the main goal, but knowing what you’re saving for, piece by piece, makes your plans easier. Certainly, walking down the aisle can be a costly undertaking. Experts consider the venue and catering as the most expensive parts of the wedding. The rest will include the wedding rings, dress and costume, décor, photographer, DJ, etc. On average, all can cost approximately €30,000.
If you don’t want to spend this much, you should revise your plans so you can save more in the long run. Think of the number of guests first – most of your expenses depend primarily on this figure. In addition, renting the dress and the costume is much cheaper than buying your own pieces, but if you want to keep them as a memory after your wedding, go for a more affordable alternative instead of designer clothes. Consider some DIY decorations to reduce the common overpriced offers. Just make sure you don’t compromise too much so you can still have an unforgettable event.
iCard can help you track all your expenses at any time. Whether it’s a deposit for your venue or a payment for floral arrangements, you will get instant notifications for every transaction. Your spending history is available 24/7, and you’ll know how much you’ve already spent and where you need to save more for what’s to come.
And for the times you want to make online purchases, we have virtual cards at your disposal. You can have up to 20 cards (Visa or Mastercard), and shop extra safely with all of them. Freeze them after every payment, keep an eye on every transaction, and use them effortlessly wherever you are – on your couch, on the beach, or on the road.
Save some more money with GiftCard
If you feel like you don’t want a boring wedding gift, you now have the chance to receive something special! Some couples ask their guests to receive money instead of physical gifts, but what’s even better than money? A prepaid GiftCard with a cool design!
With GiftCard, you can buy what you wish for. It’s a creative and personal way to celebrate your wedding, and in the end – you’re happy that you can buy something you really need and want. Your guests can personalize their gift with their own design for both virtual and plastic GiftCards.
Even better – once you receive and activate your GiftCard, you can redeem your balance to your iCard account. This way, you don’t have to worry if you’ll leave some unused money in your card. You can merge the card’s balance with your funds and save them and use them anytime. Add them to your savings account and spend them on something truly significant – it can be your honeymoon, too!
Begin your “happily ever after”
Budgeting doesn’t stop after the wedding. As newlyweds merge their lives, merging finances often follows suit. Give yourself some time to do the math, so you know how much you’ve spent and what you’re left with. The first couple of months after the big day can be difficult, so it’s crucial to cut off any unnecessary costs and make room for your bills, taxes, and grocery shopping.
As a married couple, start collaborating on your mutual budget – whether it’s about saving for a dream vacation, planning for a family, or investing in a new home. Establish your financial goals and communicate about your spending habits and priorities openly to ensure alignment and avoid misunderstandings. This way, you can follow the same path and turn your plans into reality together.
We know that a honeymoon awaits you, but take your time if you want to avoid overspending (or if you haven’t saved enough). Once you’re ready for the new adventure, iCard will bring a newfound sense of financial efficiency. Our more-than-a-digital-wallet app will cover your needs when traveling, too. Depending on your destination, one of our accounts in different currencies can save you time, effort, and money on currency exchange. You can also choose various insurances for additional protection and safety during your holiday.
With the right financial tool, mutual goals, and support towards each other, getting married and beginning your new adventure has never been easier! iCard will be by your side so you can embark on your wedding journey with peace of mind. Enjoy managing your finances, both before and after the big day!
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