Wedding invitations are piling up on your desk and all you can think is: “How will I ever afford this?” You want to support your friends and celebrate love. But let’s face it, wedding season can wreak havoc on your wallet — especially if you’re attending multiple weddings in the span of a few months.
According to data from the American Express Spending & Saving Tracker, wedding guests in 2016 were expected to spend $703 — per wedding. Even worse, millennials spent about 27 percent more, or an expected $893 for every nuptial. With Americans slated to attend an average of three weddings per year, the costs of being a wedding guest can easily surpass the $2k mark.
So what can you do to save money during wedding season? Read on to learn more.
Save money on airfare
Traveling costs to get to the wedding can take the biggest chunk out of your budget, especially if it’s a destination wedding. To save money on flights, timing is everything.
Based on research from CheapAir.com, the best time to book travel is between one and three and a half months prior to the wedding. You can also use Yapta and Hopper to track prices so you can be sure you’re getting the best deal.
Lower costs on lodging
Do you have other friends attending the wedding as well? If so, share an Airbnb and split the cost. If you’re flying solo, see if you have any friends in the area that are willing to host you or let you stay at their place. You may be in luck. Last year I attended a wedding and stayed at my friend’s place while he was out of town. It worked out perfectly.
You can also use sites like Orbitz, Hotwire, Trivago, and Travelzoo to look for the best deals. If you’re willing to wing it, you can always use the Hotel Tonight app, which offers discounts on unsold rooms booked at the last-minute. For those looking to seriously save on lodging, consider splitting up the cost of a hotel room with friends with the help of money transfer apps.
How to gift on a budget
Wedding gifts are a big part of the wedding process. But if you don’t play your cards right, you could be paying the price — literally.
Many wedding registries have tiered-prices — some low priced gifts, moderately priced gifts, and higher priced gifts. Guess which ones go first? If you don’t want to get priced out of affordable gifts from the registry, purchase a gift early on!
If you don’t act fast, you could also give cold hard cash and choose an amount you can afford. Based on the American Express Spending & Saving Tracker, cash came in second place for wedding gift preferences, behind gifts from the registry.
If neither a registry gift or cash fits your budget, you can always make a gift yourself. In the digital age, a printed photo and frame can go a long way. Check out more DIY wedding gifts for a boost of inspiration.
Dress for less
If you’re attending several weddings in a short period of time, the last thing you want to do is to be caught on the ‘Gram or Facebook wearing the same outfit again and again. But if buying several dresses or suits is just not an option, what can you do?
For starters, consider buying a staple like a black dress which you can accessorize with different cardigans, shawls, jewelry or shoes to give it a new look. An affordable place to shop is actually Amazon. Sure, you can’t try on outfits but in most cases, you can return clothing within 30 days.
To save even more money, see if you can get a little help from your friends. Your friends might have clothes in a similar size that you can borrow. I did this a few years ago with no problem. I didn’t have to spend any money and I borrowed a dress that was sitting in my friend’s closet.
Looking for something a little higher end? You can also check out Rent the Runway to get serious discounts on designer wear. This way you can rent a different dress for each wedding.
Lastly, don’t forget to check out your local thrift shop where you might find some hidden gems.
Just say no
With wedding season in full swing, you may feel pressured to say “yes” to every invitation. But if you’re struggling to conquer debt or save money, consider politely declining. This is especially true if attending the wedding may send you into debt. Yeah, it’s not fun or ideal to sit out, but sometimes saying “no” is the best thing you can do for your finances. Here are some tips from The Knot on how to send your regrets.
Attending multiple weddings can add up fast. But with a little planning and creativity, you can lower costs as a wedding guest. By doing so, you can celebrate the nuptials of your closest friends, while keeping your financial life in good standing.