Getting married has become more and more expensive with each passing year, mostly because people have been exposed to all kinds of unique and creative wedding ideas which they now want to implement in their own ceremony.
That, and also the fact that inflation has hit everyone around the world and the dress which could be purchased for a few hundred dollars back in the 90s now costs a few thousand dollars.
Unfortunately, this lavish expenditure on the ceremony leaves the newly wedded couple with very limited resources to actually spend on their future together, with the most immediate impact being felt by them as they embark on their mandatory honeymoon.
Usually, people prefer to go abroad to an exotic place to spend the first few days of their married life with their spouse, but due to a cash crunch that is often not possible so they settle for someplace local. However, there are many ways you can still have an amazing honeymoon without putting a dent into your wallet.
Get a Free Trip
If you want to travel to an international destination, then one of the biggest expenses you need to bear is the flight tickets. On average, one round trip costs about $1200 for one individual, and for a couple, this cost goes all the way up to an average of $2400.
This is the time when you need to check the travel points you have accumulated on your credit cards, and use them to offset some or all of the cost of your plane tickets. However, the amount of points you have depends on the type of credit card you possess, as while some credit cards offer a lot of points per transaction, others don’t offer any or not as much.
Some card companies even have pre-designed honeymoon schemes which allow you to redeem your points against a trip to a particular destination, such as Bali or Hanoi.
So your job is to secure a credit card which offers just that, and then save up all your points for your honeymoon. However, keep in mind that such cards are a bit more expensive than regular credit cards, charging up to $650 on a yearly basis in some cases. But, the benefit would most likely outweigh the cost, especially if the card waives the annual charge after a certain expense threshold.
Save The Interest
While you can most certainly utilize the interest income you generate from your savings account, it is best to put this income aside to eventually pay for your hotel bookings.
For instance, a savings account with a balance of just $20K with added monthly deposits of around $900 would offer $200 on a half-yearly basis, which is enough to pay for one night at a luxurious hotel. A travel-friendly credit card may even be able to offer you additional discounts with hotel bookings, but mostly if you make the bookings via an online travel service such as Expedia or Agoda.