Attending a wedding is exciting, but it can cost a lot to watch your friends tie the knot. Here are some tips on how to be there for your loved ones without breaking your budget.
For the guys out there, consider buying a used tuxedo instead of renting one, especially if you have more than one black-tie event to go to. On average, it costs $150-$215 to rent a tux, which can really add up over time. However, sites like MyOwnTuxedo.com allow you to by pieces at extremely reduced prices. For instance, you can pick up a jacket for low as $29. This means you can build your own tux for less than the cost of one rental.
For those who have been asked to be a bridesmaid, there are many deals to be had on used dresses. For the best prices, check out BridesmaidTrade.com or Tradesy.com where you can score up to 50 percent off of popular bridesmaids dresses. This will help lessen the financial burden of a dress you may end up wearing just once.
Traveling for a wedding can get pricey, so setting up online price alerts is the way to go. As long as you know when and where your destination is, and you can use sites like Airfare Watchdog, Kayak or FareCompare for real-time price alerts. It can mean the difference between saving money or overpaying by hundreds.
Finally, team up with friends for a wedding gift that may be out of your price range alone. Together you can splurge on a weekend getaway for two or a luxurious couples massage, which is just as meaningful coming from a group of friends.
So, if you're planning on watching a couple walk down the aisle, keep these money-saving tips in mind. Remember, your budgets need love, too.
Be a Great Wedding Guest for Less -- Savings Experiment
Marriages are all about fidelity, which makes loyalty programs a perfect fit when it comes to planning your summer wedding trips. Instead of focusing on getting the cheapest hotel room, car rental or plane ticket for each wedding, you might consider comparison shopping for the best loyalty programs. Not only can they save you on your initial costs, but -- depending on the program -- they might even help you pay for a honeymoon of your own.
Presents are nice, but between the showers and brunches, parties and receptions, it can sometimes seem like the run-up to a wedding is less a blessed occasion and more a marathon fundraiser. If you're afraid that your parade of gift giving is going to leave you scrambling to make the rent, one good tip is to set yourself a budget for each wedding. Placing a limit on your spending can leave you feeling like you've given enough, rather than been had.
There's a little-known etiquette rule: If you're buying a ticket to Tahiti to see the happy couple get hitched, you don't need to bring a toaster along for the ride. Or, to put it another way, if you're going to a destination wedding, your attendance is gift enough (although a bottle of champagne is always a nice gesture...)
If you are looking at buying a long list of wedding gifts, why not try one of the classic recipes for wedding bliss: helping out with the big day itself. If you know how to bake wedding cakes or arrange flowers, you've already got the kind of skill that can cut your gift-giving expenses. If not, you might think about offering to kick in a case of wine for each of your friends' weddings ... then, make a bulk deal with your local wine merchant and see if you can cut your costs even further.
Little known fact: You are not contractually required to use the gift registry. If the only things left on the list are a $300 food processor and a $500 set of towels, it is perfectly acceptable for you to get something else. For that matter, you can buy a gift card, kick in with a group of friends to buy a big-ticket item ... or even go to a different store altogether.
Tuxedo rentals are one of the biggest clothing scams going: A weekend rental generally costs $100 or more -- about as much as you'd pay to buy a basic model. Admittedly, if you purchase, you aren't going to get whole lot for that price -- your tux will be polyester or rayon, not wool, and won't be a brand name. Then again, since you own it, you can get it tailored to fit perfectly. And if you're going to need it a few times in the next few years, even a higher-end tux can quickly pay for itself. Best of all, it won't smell like the last occupant -- and that's a wedding gift that's truly priceless.