Before you say, "I do," be sure you say you've looked far and wide for a wedding location you can afford. Your wedding will be one of the most important moments in your life, but you needn't go broke for it to be special.
Did you know that couples spend an average of $35,000+ on their wedding, as per the personal finance website, WalletHub? That's a lot of loot for a one-day affair, but Americans are willing to shell it out for their ceremonies and receptions, from photos to food to venue to of course, saying "yes" to the dress. But starting off your life together shouldn't put you in the hole when you've surely got bills to pay and plans for the future.
Perhaps Americans ought to take a cue from the Europeans. According to Brides magazine, "Americans tend to spend six times as much money on their ceremony and reception as Europeans do." They'd rather save their hard-earned dough on more practical things like a house. Sensible? Sure. Romantic? It all depends on how you look at it.
Because we all know that money matters can create tension and stress. The last things a soon-to-be-married couple need during a time that is supposed to be full of joy and excitement. Brides notes, "42% of women and 32% of men feel overwhelmed by the wedding planning process, which, as you can imagine, puts a damper on the whole 'we're going to spend the rest of our lives together!' idea."
One way to cut down on costs as well as the accompanying stress? Find an affordable wedding location. WalletHub recently released a report – 2018's Best Places to Get Married - where their team of experts, "compared more than 180 of the biggest U.S. cities across 23 key indicators of cost-effectiveness, convenience and enjoyment."
These key indicators of "wedding-friendliness" include lowest (and highest) average wedding cost, number of wedding chapels and churches per capita, number of event planners per capita, number of bridal shops per capita, number of flower shops per capita, number of event spaces per capita, cities with the most attractions, foodie-friendliness, popularity as a travel destination, where you'll find the best (and worst) weather, hotel availability, etc.
Using their unique methodology after compiling their findings, the 182 U.S. cities were ranked from best to worst. The top five cities: Orlando, FL; Las Vegas, NV; Atlanta, GA; Los Angeles, CA; and Miami, FL all fared well in the various areas WalletHub considered. On the other hand, Bridgeport, CT; Warwick, RI; South Burlington, VT; Worcester, MA; and Juneau, AK ranked at the bottom of the barrel for their failure to meet WalletHub's standards of wedding-friendliness.
Let's get to some specifics. The top-ranking city, Orlando, is full of flower shops. Flowers are a must-have at nearly every wedding. The fresh and fragrant decorations can be pricy, but with so many shops in the area it's all about supply and demand, bringing costs down while still providing floral flair for a beautiful setting.
City number 3, Los Angeles, has plenty of bridal shops all over the city, allowing brides-to-be to price shop and still find a gorgeous gown that dazzles. Although New York City (ranked #9) has the most bridal shops of all cities compared, other factors brought L.A. to a higher spot on WalletHub's list, like NYC's super-high average cost for weddings.
As for the lower-ranking cities, Juneau and Warwick's bad weather caused their spots to plummet, and Bridgeport's high average wedding cost made it an undesirable place for those seeking to spend less. The city with the lowest average wedding cost of all is El Paso, TX, which ranked #29 overall. Texans may "do it bigger" but in El Paso, they manage to count their pennies.
To see WalletHub's full 182-city ranking as well as additional findings, see their full report.
Along with the city itself, the venue in which you choose to tie the knot can be a money-saver too. Nerd Wallet compiled a list of affordable wedding venue ideas for those who want to get hitched without breaking the bank. They offer less-expensive solutions than the average $2,197 spent on a ceremony site and $16,107 on a reception venue, as per The Knot's Real Weddings Study.
Some of Nerd Wallet's suggestions for weddings are libraries and museums, restaurants, boats, and theaters. They also offer advice including choosing an off-peak time (or day of the week) to hold the wedding, having the ceremony and reception at the same location, and trimming the guest list. See more of their money-saving tips.
"For richer or for poorer" shouldn't start out with you in debt. Spend wisely from the get-go and kick off your marriage with money in your pocket.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.