After having a mind-blowing wedding, what else rather than a once-a-lifetime honeymoon? With the honeymoon inevitable but money scarce, proper planning is mandatory. Planning for your honeymoon can be tricky given the enormous expenses that come with the wedding occasion. All in all, you need to have your dream honeymoon, and nothing should compromise that. You don’t need to have Wall Street financial skills to achieve this. Below the team at Honeyfund, the honeymoon registry, is sharing how to budget for your honeymoon without breaking the bank.
1. Set Up a Realistic Budget
How much do you anticipate to spend during your honeymoon vacation? Before anything else, you have to come up with an exclusive financial plan. It is this plan that directs you on how much to spend for what purpose. Don’t just rush onto that plane to get to your dream destination. Take time to research on prices and all costs that you are about to incur. If it doesn’t fit your budget, look for other options. There is no point of getting stranded or getting broke immediately after your vacation.
2. Shop for the Best Deals Cautiously
Is there a better plan for your honeymoon than bargaining for a deal? Comparison shopping enables you to save money for your honeymoon. The cheaper the deal, the better for you provided there isn’t any compromise. All-inclusive package deals are the best when planning for your honeymoon. Look for deals that include flights, hotels and other miscellaneous. Keep an eye on flash sales, discounts and promotions. Your primary target when shopping for deals should be cutting down the cost. Aim to get what is best and affordable to avoid overspending.
3. Book Early
Another perfect way of cutting down your budget is booking early. Whether it’s the flight or hotel room, book early in advance. You can spend less with your loved one by booking when there isn’t a flux of activities. The price of these amenities depends on the number of bookings. As the demand gets higher, so does the price. Many weddings happen during the summer and spring seasons. Booking early enough during the winter or fall will get you better deals. Booking at the last minute is very costly, and you might end up paying more than usual.
4. Travel During the Off-season
Do you have a specific destination in mind? Traveling during the offseason makes it cheaper, and you won’t have to cough out all your savings. Know the distinct off-seasons for your destinations. A good example is a mid-April to December for the Caribbean. During this season, it’s usually very cheap with low hotel rates and food prices.
5. Set Your Priorities
What do you want for your honeymoon? What do you want to do during your holiday? What has been your dream honeymoon destination? All these are essential things to put into consideration. Choose what excites or that which will create the most fantastic experience of your life. This saves you from buying what you don’t need, thus enabling you to settle for cheaper options.
6. Hire a Travel Agent
Travel agencies are there to cater for your travel and accommodation needs. The best way to have stress-free planning is to work with a travel agent who knows everything. The majority of travel agents are knowledgeable and can help you get what’s best for you. It’s the work of the agent to bargain for deals and organize travels and bookings. With years of event planning experience, travel agents will surely get you a cheaper and more organized holiday.
7. Get a Honeymoon Savings Account
Saving for a big occasion is the best way to create a bigger and better budget. Instead of waiting to spend what you have, you can start saving slowly to achieve a set target. You can come up with an estimated budget and begin saving. Saving is better and more manageable than spending one-off. With a savings account dedicated to a particular objective, it’s easier to raise money. When saving, look for the best interest rates that will you something substantial at the end. In this way, you won’t feel any pain when spending what you had saved.
8. Cut Your Honeymoon Short
Why not plan for a short honeymoon to avoid overspending? Instead of taking a month for your honeymoon, you can strategize on a somewhat shorter one. Something between three days to a week is rather short and more manageable. You can do a short honeymoon vacation to avoid depleting your accounts. Spending fewer nights out there means you pay less than when on a full holiday.
The Bottom Line
With this article in mind, you know how to budget for your honeymoon without breaking the bank. It is a crucial yet straightforward process that enables you to do things smoothly. If you want to have an extraordinary honeymoon, put in place these simple tips.
Thanks to Honeyfund for sharing these all-too-important tips on keeping the honeymoon under budget! For more great planning advice, and to have your friends and family give dollars to your honeymoon fund in lieu of a traditional gift, visit Honeyfund’s site. Happy planning!