If you’re getting married soon and looking to save money, you may have thought about skipping a honeymoon altogether, especially if you’re already spending a lot for your wedding. But the honeymoon of your dreams doesn’t have to break the bank, and there are ways you can still create wonderful memories while also cutting down on costs. If you want to save money on your honeymoon, consider the following:
Pick a nearby destination
Depending on where you’re going, airfare (especially international airfare) can easily be the costliest part of any vacation. One way to eliminate a huge cost from your honeymoon is to pick a destination that doesn’t even require a flight. From nearby towns to destinations that are just a few hours away by car, you might be surprised at what romantic vacation spots are close to you. Plus, by getting rid of airfare completely, you can use a little of what you’re saving to splurge on a more luxurious resort.
Make a honeymoon registry
If you haven’t finalized your wedding registry yet, consider an idea that’s quickly catching on: a honeymoon registry. Instead of receiving wedding gifts, guests can buy parts of your honeymoon instead, whether it’s dinner at a nice restaurant or a spa service. Honeymoon registries also typically give guests the option to make monetary contributions towards costlier parts of your honeymoon, such as airfare and/or lodging. With a honeymoon registry, you can potentially get a good chunk of your honeymoon paid for.
Another way you can potentially save on your honeymoon is by booking an all-inclusive resort; these types of resorts are usually adult-only and tend to cater towards couples. All-inclusive resorts are typically found in tropical destinations and are very popular in the Caribbean, so if you were planning a beach escape for your honeymoon, you might want to compare available all-inclusive options. Upfront, the daily rate might seem like more money than some of the other available options, but because they include all of your food, beverages, entertainment, etc. they could potentially save you money in the end.
Another good option for a romantic and all-inclusive trip is a cruise. Although you will have to pay for excursions, cruises include a lot of things once you pay the booking fee: the cabin for your entire stay, transportation from port to port, food, a plethora of entertainment, and much more.
Ideally, you’ll want to go on your honeymoon immediately after your wedding. But will you be traveling to a destination during its peak season? If so, you’ll likely pay top dollar. If your destination has already been chosen and you don’t want to change it, consider changing the dates and traveling when it won’t be the high season. Although you might want to avoid low season if the weather is going to be bad, consider going during shoulder season. On the other hand, if your destination is flexible and your dates aren’t, you can easily find an alternative that will be cheaper if its not peak season.
Tell people it’s your honeymoon
Don’t be afraid to let people know it’s your honeymoon when you’re booking your trip. If there’s availability, it’s not unusual for couples on their honeymoons to be upgraded (to a costlier suite, for example) and at no extra cost.
Don’t go in debt
If you can’t afford to go on a lavish honeymoon, strongly consider a more sensible option or postponing your trip. If you end up deep in debt as a result of your honeymoon, it can take years to pay off, and you’ll end up spending far more money on your trip this way.
If you need to take care of a large expense, Peachtree Financial Solutions may be able to help if you’re receiving long-term annuity payments. Contact Peachtree Financial Solutions today to learn how you can receive your money sooner by selling some or all of your future payments.
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.