Want to reduce your monthly expenses so you can save more money to pay for your wedding day?
When you're saving up for a wedding, every penny counts. We've shared hundreds of ways to save money on your wedding; from cutting your guest list to skipping cocktail hour. We've also shared the best ways to save up money to pay for your wedding.
One of the best ways to help free up funds to put towards your wedding day is to reduce your personal spending. That's why we recommend going over the monthly personal expenses for both you and your partner while you're calculating your wedding budget!
You want to identify any areas where you may currently be overspending or at least areas where you could cut back. When you reduce your monthly expenses, you'll be able to save more to put into the wedding fund!
Think of it as a trade-off… fewer trips to the movie theater and more nights at home with Netflix. Fewer meals dining out in favor of a free trial of a new meal-delivery service. You can take that extra $10, $20, or $50 per month and put that towards the items you deem splurge-worthy for your big day!
Related: Ways to Save Money on Your Wedding
How to Reduce Your Monthly Expenses
If you're looking for ideas on where to lessen your spending, don't miss these five ways to reduce your personal expenses to help save money for your wedding! We hope you find these ideas helpful in reducing your spending!
1. Cut Down on Eating Out
I love going to restaurants and eating out, but it can definitely be expensive. Try lowering the number of times per month you eat out in order to reduce your expenses. If you do decide to visit your favorite restaurants, be sure to check local deal sites like Groupon or Living Social to get your meals for less when you want a special treat. Both sites have apps that you can download right to your smartphone so you can book AND save on the go!
A $100 trip to the grocery store could feed you and your partner for an entire week vs one night out for a fancy dinner. It's simple math– ditch the reservations and get cooking in your kitchen for a less expensive date night. You can even make it feel luxe for much less by making your own hors d'ouevres and having cocktail hour at home. 😉
2. Have More At-Home Date Nights
Netflix, Hulu, and Amazon Prime are amazing streaming networks that have thousands of shows and movies for you to watch at your convenience. Binge-watch your favorite shows with your fiancé from the comfort of home for a low monthly fee, rather than going out to the movies.
Whip up a home-cooked dinner, make some cocktails at home, and snuggle up for some TV time together and decompress. You could even play games like Trivia Crack or Quiz Up and compete against each other for a little friendly competition! It'll give you something fun to do together that isn't related to the wedding… loser has to do the dishes. 😉 See, you can still have fun while also reducing your spending!
3. Cancel expensive gym memberships
Instead of using a standard gym membership that can cost you $100s or even thousands a year, opt for an at-home workout that you can stream on YouTube or Amazon Prime. Amazon has a bunch of the Jillian Michael's workouts available included in the cost of your prime membership and those things will kick your booty into shape, trust me! You can still see big gains without spending big bucks.
Any sort of bodyweight exercises are great because you won't need any fancy equipment to participate! The best part is that you can use apps on your smartphone or tablet to do these workouts wherever you go — so you won't have to miss a workout if you're traveling.
4. Test out different services with free trial offers
Most streaming services come with free trial offers if you're not yet a member. Some worth checking out are:
- Hulu for watching your favorite TV shows online — YEP, you can totally cut the cord with your cable provider
- Netflix for watching movies and original series
- Amazon Prime for free streaming entertainment AND free shipping on thousands upon thousands of products you may buy on Amazon.com
- NextIssue which gives you access to dozens of your favorite magazines on your mobile device or tablet for free
- Audible which puts bestselling books right into your earholes for an easy and convenient way to “read” books!
Please note: With each of these free trial offers you usually get 30 days of service for free, and if you decide to continue beyond that trial period you'll have to pay a monthly service fee. Check out each individual offer for details.
5. Switch Wireless Providers or Create a Family Plan with Your Fiancé
When you get engaged, you'll have to decide whether to keep your bills and money separate or marry them together. One major bill that most folks have to deal with is their cell phone bill. You and your partner may decide to reduce your monthly expenses by combining your wireless accounts. Going from solo plans to creating a family plan for the two of you with shared data and minutes could save you a bundle!
6. Try out savings apps to earn cashback on everyday purchases.
Another way to reduce your monthly expenses is to utilize coupons and discounts whenever possible. Ditch the coupon clipping routine and get cash back the fun and easy way. How? With the help of savings apps for your smartphone! The Ibotta app has exclusive offers at your favorite grocery stores, retailers and shops and you can even earn rewards *after* you shop by snapping a pic of your receipt. Download Ibotta today to start putting away extra cash to pay for your big day!
Learn more: Use iBotta to save money on everything you buy
7. BONUS: Try a Virtual Financial Personal Assistant: Trim!
Trim Financial Manager is a virtual personal assistant that constantly works to save you money! Trim can cancel your old subscriptions, set spending alerts, check how much you spent on Uber last month, and automatically fight fees… these are just a few cool ways Trim makes you savvier with less effort!
Ways to earn more money to put towards your wedding:
• Sell your old CDs, DVDs, Books, and Tech Devices with Decluttr
• Start a side hustle or pick up some freelance work
• Sign up for survey platforms to get paid for sharing feedback
• Use other money making apps
What to do with all the money you've saved
Take the monies you've saved by lowering your expenses and have them auto-draft into a bank account. We've talked before about how much we love Capital One 360 for setting up automatic savings plans — it's a great way to set it and forget it so you're sure to stash away some cash each month.
Just remember, the areas where you are finding less expensive alternatives in order to reduce your personal spending will free up funds to put towards the areas of your wedding you care about. Take the funds you saved and put them towards your dream wedding dress, splurge on a fun photobooth for your guests, or book the wedding venue of your dreams. No matter what you choose, the sacrifices made in your personal spending will not only make those splurges possible but also that much sweeter!
The bottom line is this: when it comes to personal finance, it's all about sticking to your priorities. Make this list work for you and your partner to plan the wedding and life of your dreams together.
We hope you've found these tips helpful!
Now go get to saving!
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Editor's note: Due to the pandemic, some of the general wedding planning advice we share may not be applicable or possible due to restrictions on events. Please adhere to all current regulations and stay safe and healthy! Get more resources for planning a pandemic wedding here.