Our Tips for Paying for Your Wedding


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The cost of a wedding is one of the biggest expenses you will be faced with in your life. Therefore, it’s not surprising that many people don’t know how to pay for the big day. Like lots of things in life, paying for your wedding is easier when you break it down into manageable steps. So, to help you, this article introduces different ways of paying for your wedding to ensure you’re on top of your finances from the start. 

paying for your wedding
paying for your wedding

Begin with the budget 

No two weddings are the same. One person’s dream day could take place in an auntie’s garden, with friends and family taking care of catering and music. Conversely, someone else might have their heart set on a wedding at a plush country estate with a live band. So, your first job is to work out what you want on the day before working out your budget. You will need to think about: 

  • Hiring the venue 
  • Food & drink 
  • Wedding invitations & stationery 
  • Entertainment 
  • Wedding gown and suit 
  • Flowers 
  • Staff for the day 
  • Cake and favours 
  • Gifts for parents 

Honeymoon 

Just like the big day itself, you can plan a budget honeymoon in the UK or an extravagant affair in a dream foreign destination. Couples often spend more than £4,000 on a honeymoon in an attempt to make the trip a truly once-in-a-lifetime event. So, if you’re planning a dream honeymoon to follow your wedding day, you will need to budget for it in advance. 

Stag/hen parties 

In the not-so-distant past, it was perfectly acceptable to host your stag or hen party in the local pub with your best friends. Now, people spend hundreds of pounds visiting European cities or other destinations in the world to celebrate in style. The average cost of a stag or hen party is around £200, which is another cost you need to prepare for. 

Wedding insurance 

Covid-19 taught us the importance of planning for unforeseen circumstances. So, opting for comprehensive wedding insurance is super important and you will need to make sure you find the right level of coverage to suit your day. 

Who is responsible for paying for a wedding? 

In the UK, it’s traditional for the bride’s parents to pay for the wedding. It is then the groom’s responsibility to pay for the honeymoon. However, today, couples often come up with their own arrangements. If you end up paying your own way without the help from your parents, you may have to look elsewhere for the funds, which is where wedding loans come in handy. Let’s look at the different ways you might choose to pay for your wedding.

How to pay for a wedding 

Savings 

The best way to pay for a wedding is to use your savings. This is because you don’t need to borrow money, and you won’t be subject to any interest payments. So, if you plan ahead and use your savings for the big day, you will save money in the long run. 

Family & friends 

If you’re blessed with a tight-knit family and your parents are financially stable, they might be willing to chip in for your wedding. Just be mindful that when someone else is paying, you might have to relinquish some control over the arrangements. 

Credit card 

When used well, credit cards are a handy tool for making payments. If you can access a low or 0% interest credit card, it’s a good idea to use it for some of your wedding payments. You can then repay the total before the interest kicks in. 

Wedding loans 

Another great option when it comes to paying for the big day is to apply for a wedding loan. They usually come in the form of unsecured personal loans and are a great way to pay for large chunks of your wedding. 

Depending on your credit score, you might be able to borrow as much as £25,000, so a wedding loan could cover the entire function. Just be mindful that wedding loans come with interest, and you will need to keep on top of your monthly repayments. 

If you like the idea of securing a personal loan to pay for your wedding, Koyo Loans uses Open Banking technology to decide whether or not to issue you credit. Instead of relying solely on your credit score, Open Banking is a fairer way of borrowing money. 

So, if you don’t have the savings to pay for the big day yourself, applying for a wedding loan is a great alternative and will help you meet the costs associated with your function without worrying about paying them back right away. 

Can you pay for a wedding by yourself? 

Although it’s possible, paying for a wedding yourself isn’t easy. If you don’t want to reduce numbers or tie the knot at a cheaper venue, it’s probably a good idea to consider one of the credit options above. 

Is it possible to arrange a wedding with no money at all? 

If you don’t have any money and can’t access credit, we’d recommend saving up before the big day. Alternatively, you could always get married at the local registry office, followed by drinks and a meal with some family and friends at a local bar. The last thing you want is to put yourself in financial difficulty by throwing a wedding that you can’t really afford. 

Can you get a bank loan for a wedding? 

If you’ve decided that a wedding loan is the best option for you, you can apply to your bank or building society if you don’t want to use a third party lender. It’s always best to shop around before settling on credit, so make sure you have a look at what is currently available for you. 

Although paying for a wedding is a challenge, don’t let it stress you out. Whether you use your savings or apply for a wedding loan, make sure you’ve done your sums and budgeted ahead of time, and you should be on course for a day to remember. 

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Robert Keith

Robert Keith is a CEO and Author of one of the Top Leading Website Viraldigimedia.com. I fond to write on Tech, Lifestyle, Business, Entertainment, Health etc.