Expert Tips on Building Your Wedding Savings

1. Save your extra paycheque. Most people set up their budgets to accommodate two or four paychecks a month, depending on their pay schedule. Sometimes you get an extra cheque in the month and that can be a boon to your Wedding Savings.

2. Like to hit the fast-food outlets or drive-through windows? Keep a container in your car and every time you pick up a coffee, grab a sub or munch on a muffin, drop a buck in your bag. This will be your Fast Food Tax. Hey, if you can find the money for the coffee, you can find the money to save for your wedding too!

3. Save your “savings.” If you save $5 by shopping the sales, using coupons, or just by being a smart shopper take that $5 and stick it in your SAVINGS container at home. If you don’t, you’ll just spend it somewhere else and then you won’t have saved a penny.

4. Reward yourself. If you have the discipline to use a credit card the pay off your balance every month, use a card that gives you cash back or a useful reward like grocery points. Then take the cash you saved by using points and add it to your Wedding Savings Account.

5. Use a change jar to accumulate your change and at the end of every month or two, roll it up and add it to your Wedding Savings. Want to give it a boost? Add a fiver to the jar on the weekend. It doesn’t matter if you use an envelope, a coffee can or an old jam jar. If you’re determined to have a paid-for wedding, you’ll need to be disciplined about your savings. Pick an amount and stick it in your container every single week. Whether it’s two dollars or 10, the trick is to do it religiously, never count it and don’t spend it. This is for your big day, and watching the money pile up can help keep you focused. Every time you hit 50 dollars, mark it off on a chart and put the money into a high-interest savings account so it can earn you more money.

Want more money saving advice? Check out our video on budgeting for your wedding and beyond.