In today’s tough economic climate, budgeting and managing your wedding finances can be very difficult. After you’ve spent countless hours researching and meeting with your “must-have” vendors (and relinquished non-refundable deposits) you definitely want to keep these vendors!
Since Elite Video Productions entered the wedding scene in 2004, we have seen 4 cancellations, 3 of which occurred in 2009. We were so sad to lose those brides, listening to stories of lay-offs or other financial distress.
All is not lost! With careful planning and discipline, you can make it work and avoid disappointment in the end. There are various options you might consider, including:
1. Creating and sticking with a monthly payment plan for each vendor.
2. Creating a savings account and paying into it regularly.
3. As a last resort, and if you ask nicely enough, you might hit up close family members (ahem, parents) for a low-interest, short-term loan.
These and other conscious decisions you make early in your planning can save you a lot of heartache. These can also mean the difference between having your “must-have” vendor, having to go back and select your “fall-back” vendors, or having to omit that particular wedding service altogether.
We hope you’ve found these tips useful.
Until next time! Happy planning!