Smart Finances For Your Big Day: Take Advantage Of Your Credit Facilities To Enjoy True Wedding Bliss

personal loan

Summary: You can plan your wedding safely by discovering the often overlooked wedding costs and solutions to overcome them. Make sure you have a “credit limit” so you don’t have to skimp on your big day.

Planning a wedding can be stressful. This is especially true if it is your own wedding. You have to deal with all the daily chaos, and you also have to figure out how to handle the financial side of things. Luckily, there are many financial tools available to help you make your dream wedding a reality.

Studies show that when most families start planning their wedding, they end up spending 20 to 30 percent more than they originally planned. Therefore, it is wise to have financial reserves in case of unexpected expenses that may arise. This is where FIRSTmoney from IDFC FIRST Bank can be invaluable.

unexpected wedding expenses

There are steps you can take to determine your wedding budget, including starting early, but there’s always a chance you’ll go over your plan. Here are some common situations that can ruin your wedding budget:

Sometimes there may be more or fewer people than planned, which can reduce your budget for food, lodging, and other logistics. From DJs to makeup artists, there are many people involved in making your wedding day special. However, there are also those that require hiring additional people or take longer than expected, which can increase costs. Even if you book services for a certain period of time, things don’t always go according to plan. You may have to pay extra for sellers who stay longer than expected. If you have out-of-town guests who need a place to stay, you may need to handle some hotel rooms yourself, which may be easy to overlook. When hosting guests at a hotel, pay attention to room service charges as they can add up quickly. It’s normal to tip vendors, but this small additional fee can increase the overall cost. Don’t forget to budget for all your travel, from airport pickup to visits to the shops. Don’t forget to include the costs of pre-wedding celebrations, such as a hen or bachelorette party. Giving wedding gifts, whether candy or silver bars, can be quite expensive. This is especially true if you have a lot of guests. There are often unexpected costs associated with celebrations and traditions, and they can add up quickly.
• Sometimes there may be more or fewer people than planned, which can reduce your budget for food, lodging, and other logistics.
• From DJs to makeup artists, there are many people involved in making your wedding day special. However, there are also those that require hiring additional people or take longer than expected, which can increase costs.
• Even if you book services for a certain period of time, things don’t always go according to plan. You may have to pay extra for sellers who stay longer than expected.
• If you have out-of-town guests who need a place to stay, you may need to handle some hotel rooms yourself, which may be easy to overlook.
• When hosting guests at a hotel, pay attention to room service charges as they can add up quickly.
• It’s normal to tip vendors, but this small additional fee can increase the overall cost.
• Don’t forget to budget for all your travel, from airport pickup to visits to the shops.
• Don’t forget to include the costs of pre-wedding celebrations, such as a hen or bachelorette party.
• Whether it’s candy or silver bars, giving wedding gifts can be quite expensive. This is especially true if you have a lot of guests.
• There are often unexpected costs associated with celebrations and traditions, and they can add up quickly.

Luckily, a line of credit like FIRSTmoney can easily overcome any budget constraints associated with wedding planning, ensuring a stress-free wedding.

Firstmoney: A smart credit solution that solves wedding budgeting challenges.

It’s hard to know exactly when you’ll need extra money for your wedding. Once you realize you need it, urgency will arise. Trying to make last minute money has never been easier. Therefore, it’s a good idea to have a backup plan first, including maintaining a credit limit.

If you don’t want to save, choose a high-interest credit card, or wait for loan approval, FIRSTmoney might be the solution. This service offered by IDFC FIRST Bank allows you to apply online instantly and get instant approval if your credit score is 750 or more. FIRSTmoney gives you the freedom to withdraw as much as you need from your credit limit and pay interest. Choose a package that suits you and choose a monthly installment date.

So instead of focusing on money when planning your wedding, try using FIRSTmoney. We offer competitive interest rates and low personal loan processing fees, helping you save some of your hard-earned money for other important things.

How to Raise Your First Money: Take the Financial Stress Out of Wedding Planning

If you need additional financial help with your wedding planning, choose FIRSTmoney. Here are the steps you need to follow to apply for a wedding loan:

Visit the app page and scan the QR code using your smartphone. Register using your mobile number. Check your basic details to see if you qualify. Please specify the details of your preferred loan. Connect your bank account. Complete the KYC verification process via video.
• Visit the app page and scan the QR code with your smartphone.
• Register using your mobile number
• Check your basic details to see if you qualify.
• Please specify the details of your preferred loan.
• Link a bank account
• Complete the KYC video verification process

There he is. No collateral or security is required. Once the documents are verified, the loan amount will be disbursed to your account.

first monetary benefits

Preparing for your big day and starting your life together can be a lot of fun. But let’s be honest, it can be a little stressful. This is especially true when it comes to money. Think about having reliable credit options when you need them most. This is where FIRSTmoney plays an important role. You can get the money you need in just a few clicks. What do you get? You only pay interest on what you actually use. Bonus: If your credit score is 750 or higher, your sailing will be smoother. So why worry about wedding costs when you can get full financial support when you really need it?

disclaimer

The contents of this article/infographic/image/video are for informational purposes only. The content is general and for informational purposes only. It is not a substitute for specific advice regarding your particular circumstances. Information may be updated, finalized, reviewed, verified, corrected, and may be materially changed. This information is not intended for distribution or use by anyone in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject IDFC FIRST BANK or its affiliates to any licensing or registration requirements. IDFC FIRST BANK is not responsible for any direct or indirect loss or liability incurred by readers due to making financial decisions based on the content and information mentioned. Consult a financial advisor before making any financial decisions.

The features, benefits and offers mentioned in the article are valid as of the date this blog was published and are subject to change without notice. The contents of this document are subject to other product-specific terms and conditions and third party terms and conditions, as applicable. Please refer to our website www.idfcfirstbank.com for the latest information.

How canceling a personal loan affects your credit score

Important things to consider before applying for a personal loan