Should I take Personal Loan or not for my wedding?

29 Jan Should I take Personal Loan or not for my wedding?

The above photos credited back to the owner

Due to the increasing cost of wedding vendors on top of the short period of time to raise enough money to cover the expenses, many couples opted to personal loan or instalment plan. These two methods are deemed as among the best alternatives and solutions by the couple. This scenario leads to the increasing demand of personal loans nowadays.

It is similar to buying a new smart phone that you desire with all the specs that you want. If you can’t afford to pay lump sum, you still can own it via instalment plan offered by the telco company.

Personally, I wouldn’t recommend applying for instalment plan longer than 3 years as there is a long list of expenses awaiting after wedding.
For instance purchasing a house or family planning (pre and post pregnancy does not come cheap- scheduled mother and baby checkup, supplements, cost of giving birth, baby’s items, expenses during confinement period, etc).
It would be best if you could settle the instalment plan within a year.

Another way to optimize your budget is… list down the MUST HAVE items or vendors for wedding. Checkout this link to get some idea on things you have to spend on for your wedding day.
link on (Indian Wedding: Solemnization budgeting (for Groom & Bride))

List out vendors based on the highest priority based on your situation and judgment.

In general, below are the level of priority for wedding. (note: One might have different priority due to various factors)

You can allocate your budget from the highest priority to the lowest.
Normally the most important vendor for you is the one that plays major role on your big day.

Lists of common vendors for Indian Wedding are;
1. Wedding Venue (Temple / Hall / Hotel)
2. Photographer
3. Videographer
4. Makeup Artist
5. Garlands
6. Caterer
7. Decor
8. Lighting
9. Dancer
10. DJ/MC

Additional Vendors;
1. PreWedding Photographer
2. Nalunggu Photographer
3. Dhol
4. PhotoBooth
5. Wedding Car Rental & etc.

Wedding Tips you might interested to checkout below.

Surveying for a skillful photographer that not expensive? How to find one?
https:/surveying-for-a-skillful-photographer-yet-not-expensive-how-to-find-one/

True Story. Huge Losses. Regretful Couple.
https:/true-story-experienced-by-our-couple-2/

Do you know what you should take note during Thali Tying?
https:/insider-tips-for-couple-thali-tying-moment-aunty-blocking/

Should I Hire An Assistant Makeup Artist during wedding day?
https:/should-i-hire-an-assistant-makeup-artist/

In this book, you will basically gain;
1. Awareness on real shocking facts that might possibly happen to yourself (& how to avoid it)
2. Guidance in budget planning (avoid overlooked & extra spending out of your budget)
3. Significant information to help you prepare in advance so that you can avoid unexpected problem that could jeopardize your
big day.
4. Awareness on things that could go wrong when dealing with vendors (Decorator, Makeup Artist, Reception Space rental,
Photographer & Videographer)
5. Lots of Wedding Tips (for example: How to make yourself (Bride & Groom) look good in front of camera or your best position
when exchanging rings and many more)
6. Insight of the common concerns and dilemma for couples shared together with recommended solution for your reference.

Go ahead and click the link below.
Check out what are the details that this book has to offer.