Money Monday: Financial Benefits of Eloping
Tying the knot in a big celebration in front of dozens of friends and family isn’t the dream for every couple. Rather than spending thousands of dollars on a one-day celebration, many couples would rather take that money they would’ve spent on a wedding and put it towards a house or honeymoon. If you’re one of those brides who doesn’t put a lot of importance on the actual wedding ceremony, you may want to consider eloping. Not only does it save you money on a ceremony and reception, but you can use those savings to set up your financial success as a couple. Even if you do decide to host a small reception to celebrate your marriage, you can still use your ceremony savings for other items. If you’re considering eloping, here are a few of the ways that you can use your savings!
Pay Off Debt
If you decide to elope, the first action you may want to consider is to use some of your savings to pay off any debt you may have. Whether that’s a chunk of student loan debt or credit card debt, paying off some of your debt will give you more peace of mind as you start to make bigger purchases as a couple. With less debt, you will give you and your partner a lot more leeway when it comes to spending.
Photography by Cassidy Lynne
Go On A Dream Vacation
Maybe you have no debt, already have a significant amount in your savings account, or just want to go on a great honeymoon since you didn’t have a wedding. Whatever the reason, you can use your wedding savings to go on the honeymoon of your dreams. What otherwise would’ve been a weekend away can be a week-long vacation to a place you’ve always wanted to visit!
Photography by Cassidy Lynne
Start Saving
Without the financial pressure of a wedding, you can start saving for your future as a couple as soon as you get engaged! Start a house fund, get a down payment together for a new car, or save for the home improvements you’ve been waiting to take care of. The money you save on your wedding can help you set up married life on a financially stable note.
Photography by Cassidy Lynne
Share this with a bride who is thinking about eloping. Looking for the perfect elopement dress that won’t break the bank? Browse our collection of made-to-measure wedding dresses that are all priced at $1,200 or less!
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