Worried about heavy wedding expenses? Here are seven steps to trim costs

Asia's Tech News Daily

#financial planning, weddings, Wedding planners, budget, WhatsApp

(Photo courtesy Knotting Bells).

The Big Fat Indian Wedding season is back after 20 months, given the decline in COVID-19 cases. Parents seem to be planning for their children’s wedding within a tighter budget now than before. “There has been a 40 percent reduction in overall wedding expenses,” says Sumathy Bachchan, owner of wedding planning firm Wedding Sutras.

“Now, intimate micro weddings have gone up, rituals are getting clubbed together, guest lists have shrunk because of restrictions from government on attendees, destination weddings are happening in exotic locations in our country instead of flying out, etc.,” says Joyjit Chakravorty, General Manager at Hilton Garden Inn, Delhi. These factors have cascading effects on how people plan weddings as of now.

Even so, it is a good financial habit to keep a tight leash on unnecessary expenses. Here are a few ideas to help you reduce the cost of weddings, without having to compromise on the quality of the experience.

Draft your wedding budget

Weddings have become very aspirational. Millennials have their pre-defined choices from social media. But, for organizing a successful event, you need to have a strong budget and keep expenses within the limits. It’s important that you spend your money efficiently by dividing the estimated expenses for each segment of your wedding.

#financial planning, weddings, Wedding planners, budget, WhatsApp

“Divide the wedding costs into two heads: mandatory and ancillary,” says Chakravorty. Mandatory costs include the venue, décor, food and beverages, photography and outfits. Ancillary costs include music, sangeet, entertainment, band baaja, baarat and ghori, which would entirely depend on the mandatory aspects and can probably be tweaked as per aspirations.

Decide your venue at the earliest

The sooner you book the venue, the better it is for negotiations and savings. Identify your requirement. Decide whether you would prefer hosting the wedding ceremony in a hotel, hall or an open ground. You should start your search accordingly and book the venue at least three to four months in advance. This will give you savings in terms of operational flexibility, lower rates, etc. “Book a venue which has enough options to host all the wedding programs and see that you don’t have to take the guests out of the venue. This will save on additional transport cost of the guests,” says Kunal Laungani, founder of Chapter 2 Events.

Wedding planners suggest that a venue where you need to take the in-house services of catering and decoration would be expensive. You can consider booking an open ground, as you will have the freedom to hire vendors of your choice at a reasonable cost.

“If you aren’t particular about auspicious dates or weekends, then go for an off-season or weekday date to cut down on your cost for booking the venue,” says Manya Singh, Co-founder of weddingplz.com.

Also read: Availing a loan for your marriage? Keep these key points in mind

Opt for Indian or local cuisine

You can save a lot on food and beverages of the guests. “See if your family and guests love fancy Indian cuisine or specifically prefer regional dishes; then there would be no need to have international cuisines,” says Singh. There are additional costs for setting up live counters for international cuisines. “On an average the charges for international cuisine are Rs 2,200 onwards per plate, whereas the cost for Indian cuisine starts from Rs 1,800 per plate,” says Lalita Raghav, Vice President of FNP Venues.

“A small initiative of adding strong RSVP process on invitation would help in saving money for the family hosting the wedding ceremony and it also avoids food wastage,” says Chakravorty.

Go for local decorators

There is an enormous gap between traditional and local decorators and, to reduce budget, one can easily pick local vendors as it cuts down the cost by nearly 50 percent. To save on decorations, you can even opt for recycled things at a fraction of the cost. “Understand the type of work the decorator has done predominantly and how you can use existing inventory, which they already have, as  against creating new inventory that will increase the cost,” says Laungani. You can use artificial flowers and colourful fabrics in décor instead of fresh flowers to reduce the cost. “While using fresh flowers in decoration, there is an additional cost of Rs 1 lakh,” says Bachchan.

Appoint an emerging designer for wedding outfits

Wedding outfits are expensive and worn just once mostly. The wedding outfit market has something for all, so it’s better to first know your budget and select the clothes accordingly. “We would suggest the best way to cut both expenses and exertion is to rent your special day outfits or can to go for emerging or home-grown designers,” says Singh. Appoint a designer to do all the wedding wear, rather than having multiple designers for different programs. This will save cost and give you a package rate overall. You can even choose a designer outfit of your choice and get it stitched locally at half the cost.

Send a digital wedding invitation        

The COVID-19 pandemic has made everything go digital. You can send a wedding invite through WhatsApp or e-mail with a creative video. Also, you can set up a wedding website with all the program details for guests to access and RSVP. This is a cost-effective way. “With WhatsApp friendly parents and grannies, it’s completely fine to go all-digital, as it saves almost 80 percent of the cost vis-à-vis traditional wedding cards, printing and courier charges,” says Singh.

Appoint budding photographer

Photographer and videographer are the most important people in the wedding. As, they capture the memories of the wedding couple and the family. “It is recommended hiring a team with a photographer and videographer. This will lead to cost reduction,” says Laungani. You can also save on photography by picking quality over quantity. “These days, people appoint only candid photographers who have a good handle on wedding stories or teasers to cover the bride and groom, their friends and family instead of covering the entire gathering,” says Singh. It reduces the cost by 30 to 40 percent. You can also consider hiring a budding photographer, after reviewing her work. The services will be at an affordable costs with creative fresh ideas.

Take an expert’s advice

When you are in a dilemma about how to negotiate on costs and find the right vendor for several services, as mentioned above, it’s better to hire a wedding planner. They have a network vendors, specialists, artists, etc. A wedding planner can customize your wants, desires and aspirations within your budget.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Gold Prices Today: Yellow metal to feel pressure from higher US bond yield prices, support around Rs 47,650

Gold prices were flat on January 18 in the international markets as a weaker dollar partially offset pressure from elevated US Treasury yields, which dim the appeal of a non-yielding ... Read more »

MOEX index up 0.32% to 3,571.89 points at trade start

The price of WTI crude oil futures went up by 1.27% Read more »

What should investors do with UltraTech Cement post Q3 results; buy, sell or hold?

UltraTech Cement share price fell 2 percent amid profit booking in the early trade on January 18, a day after company reported its December quarter earnings. At 9:43 am, the ... Read more »

Will 100,000 new houses a year solve the housing crisis?

A great shortage of houses and sky-high prices for the houses that do exist. The housing market has been under great pressure for years. The new cabinet promises to solve ... Read more »

Energy crisis: Three options left to insulate households from '50% increase in bills'

The Treasury would need to approve each of the ideas still under consideration to help shield families from the worst of the looming hike in the price cap, Sky's Paul Kelso writes. Read more »

Dollar grows to 76.13 rubles on Moscow Exchange

The euro slides to 86.55 rubles Read more »

Tech Mahindra share price gains on acquisition announcement; brokerages maintain 'buy'

Tech Mahindra share price rose 1 percent in the early trade on January 18 a day after the company board approved acquisition of Com Tech Co IT. Tech Mahindra through its ... Read more »

Tatva Chinta Pharma falls over 9% at open on decline in margins

stocks_decline Shares of Tatva Chintan Pharma Chem Ltd on Tuesday declined over 9% in the opening after the firm reported a sequential fall in revenue and operating margins for the ... Read more »

How ESG standards and sustainability awareness can affect property values

How do we value our properties? Professional real estate valuers have traditionally been taught to rely on financial ratios such as profitability and capital budgeting to determine the value of ... Read more »

Asia shares mostly rise moderately after US national holiday

The Associated PressA woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Jan. 18, 2022. Asian shares were ... Read more »

Construction of El Dabaa NPP in Egypt to begin in July - Rosatom

The El Dabaa nuclear power plant will be the first nuclear power plant in Egypt Read more »

Sell GBPINR ; target of : 101.40 : ICICI Direct

Representative image ICICI Direct’s currency report on GBPINR The pound depreciated by 0.18% yesterday mainly on the back of firm dollar and risk aversion in domestic market. Further, investors fear ... Read more »

Brent climbs above 7-year high on Mideast tensions, tight supply

Representative image Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab ... Read more »

DNL Standalone December 2021 Net Sales at Rs 231.25 crore, up 51.77% Y-o-Y

Reported Standalone quarterly numbers for DCM NOUVELLE LIMITED are: Net Sales at Rs 231.25 crore in December 2021 up 51.77% from Rs. 152.37 crore in December 2020. Quarterly Net Profit ... Read more »

Sacheta Metals Standalone December 2021 Net Sales at Rs 18.53 crore, down 22.76% Y-o-Y

Reported Standalone quarterly numbers for Sacheta Metals are: Net Sales at Rs 18.53 crore in December 2021 down 22.76% from Rs. 23.99 crore in December 2020. Quarterly Net Profit at ... Read more »

Urja Global Consolidated December 2021 Net Sales at Rs 24.95 crore, down 35.57% Y-o-Y

Reported Consolidated quarterly numbers for Urja Global are: Net Sales at Rs 24.95 crore in December 2021 down 35.57% from Rs. 38.73 crore in December 2020. Quarterly Net Profit at ... Read more »

Kerala Bank looking for new MD & CEO; invites applications

Kerala cooperative bank was formed after merging 13 district cooperative banks. (Representative image) Thiruvananthapuram-headquartered Kerala Bank, on January 18, invited applications for the post of Managing Director and Chief Executive ... Read more »

Cryptocurrency Prices Today: Bitcoin dips, Ethereum declines, Cardano surges

Bitcoin’s price is currently Rs 33 lakh and its dominance of the crypto market over the last 24 hours is 40.19 percent. The global cryptocurrency market capitalisation dipped by 2.26 percent ... Read more »

Major US airline CEOs warn 5G could ground some planes, wreak havoc

Representative image (Source: Reuters) The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T and ... Read more »

Beijing Olympics tickets will not be publicly sold due to COVID-19

(Image: Reuters) Tickets for the Winter Olympics set to begin on February 4 will be distributed to “targeted” groups of people and will not be sold to the general public, ... Read more »

'3rd wave has airlines flying into deep-red with Rs 20,000-crore net losses this year'

Representational image. Hit by the third wave of the COVID-19 pandemic and soaring fuel prices, airlines are flying towards record losses with a likely loss of a whopping Rs Indian ... Read more »

Storyboard 18 | Brands like to endorse athletes who they get to see often on TV: Mithali Raj

Mithali Raj was recently roped in by Jacob’s Creek, the official wine partner of ICC Women’s World Cup, as ambassador. With just about two months left for the ICC Women’s ... Read more »

Nibud: an average of 40 euros less per month to spend

What is Nibud looking at? For the calculations for 2022, Nibud has taken into account, among other things, the increase in the health care premium and the compensation for the ... Read more »

Hong Kong stocks halt two-day losses as Alibaba, property developers gain on China policy boost

Hong Kong stocks advanced, snapping a two-day decline, on optimism China will step up policy-easing measures to stabilise the economy in the coming weeks after growth cooled further last quarter. ... Read more »

Kerala Lottery Result: 'Shree Sakthi SS-296' lottery winners to be announced at 3 pm

Kerala had set up India’s first lottery department in 1967. Kerala Lottery Result: The Kerala State Lottery Department will announce the winners of the ‘Shree Sakthi SS-296’ lottery on January 18 at 3 ... Read more »

North Korea tested tactical guided missiles in fresh sign of evolving arsenal

North Korean leader Kim Jong-un (AP File image) North Korea fired tactical guided missiles, state media KCNA said on Tuesday, the latest in a series of recent tests that highlighted ... Read more »

Lottery Sambad Result January 18: 'Dear Bangalakshmi Torsha' lottery winners to be announced at 4 pm

Representative Image Lottery Sambad Result: The West Bengal State Lottery Department will announce the results of its ‘Dear Bangalakshmi Torsha’ lottery on January 18 at 4 pm. The results can be checked at lotterysambadresult.in. ... Read more »

Brent oil reaches $87 per barrel on ICE for first time since 2014

The price of $87 per barrel was last registered in October 2014 Read more »

Households will lose significantly in their wallets this year

Dutch households will see a significant decline in their wallets this year, because many things have become more expensive. The National Institute for Budget Information (Nibud) has calculated that families ... Read more »

Asia shares tick higher as spotlight stays on Fed

Asia’s share markets were mostly higher on Tuesday even as global investor attention remains fixed on the prospect of U.S interest rate hikes in the next few months, after two ... Read more »

United Airlines warns 5G plan would impact 1.25 million passengers a year

United Airlines said in a statement that “the customer clearly wasn’t in compliance with the federal mask mandate. United Airlines said late on Monday the current U.S. 5G wireless rollout ... Read more »

The mystery of the missing CEO at Tata Motors

Tata Motors | Representative image It’s been over six months since Guenter Karl Butschek stepped down as chief executive officer and managing director of Tata Motors. Butschek, who cited personal ... Read more »

Trade Spotlight | What should investors do with HFCL, ICICI Prudential, Exide, Adani Green Energy, Raymond?

Trade Spotlight The market was highly volatile and finally settled the trade at a three-month high on January 17. The BSE Sensex closed above 61,300 levels, nearly 90 points higher, ... Read more »

Hot Stocks | Double-digit return in Tata Coffee, Visaka Industries, VRL Logistics possible in short term

Hot Stocks for Tuesday Nifty has been rising for last 7 consecutive sessions and settled the week at 18,308 – surpassing the previous swing high of 18,210. The index is currently ... Read more »

Amazon and WhatsApp saw biggest fines in EU last year over data rules violations as GDPR takes toll on Big Tech

European Union data protection fines targeting Amazon.com Inc and Meta Platforms Inc’s WhatsApp helped push penalties to record levels last year, in a sign that the bloc’s tough privacy rules ... Read more »

Westpac NZ warns of sophisticated new investment scam

Westpac NZ has warned New Zealanders to beware of a sophisticated new scam involving a fake Westpac investment prospectus. The prospectus, titled ‘High Yield Fixed Return Emerging Market Fund’, has ... Read more »

Agri-tech firm Arya.ag raises $60 million from Asia Impact, Lightrock, others

Arya.ag It lends through its own NBFC as well as by aggregating the products of different financial institutions.(Representative Image) Agri-tech firm Arya has raised $60 million in a mix of ... Read more »

US dollar fails to catch a lift from higher yields, Bank of Japan in focus

The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on ... Read more »

Russia's turnover-based fines for Google, Meta amount to 5% of income

The judge sees no grounds to impose a penalty below the statutory minimum Read more »

Coronavirus Omicron India LIVE Updates | West Bengal govt eases COVID-19 restrictions in the state

Coronavirus Omicron India LIVE Updates | India saw a single-day rise of 2,58,089 new coronavirus infections taking the tally of cases to 3,73,80,253, which included 8,209 cases of the Omicron variant ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic