How to Save For a Wedding and a House

Congratulations – you are getting married! As you know, this is one of the biggest decisions in your life.

And it is also one of the most expensive, plus you are looking for a house.

Sounds like a lot? Don’t worry I have your back.

To help you prepare for your two Biggest Days, here are the 6 best ways to save money on a wedding and a house. Good luck!

So, how do you save for a wedding and a house at the same time?

A house, perhaps more than any other expense, requires a fixed budget the same goes for a wedding. You need to be aware of what you can afford, both in terms of effort and installments. There are many calculators online that can help you quickly calculate your price range, but it is best to sit down with an accountant or lender to determine a working budget.

Wedding costs can increase rapidly. From the dress and tuxedo to the flowers and cake, you will literally spend so much that you spend much more than you first thought you would do.

Set a budget to avoid disaster and a lifetime of debt.

Discuss with your parents, your partner and everyone else involved in planning your wedding exactly how much you want to spend.

You can also specify your costs.

To save money on a wedding, for example, you can set aside a certain amount for the dress. Then make sure you stick to this amount.

If you have said that you will not go over $1000 for a dress, then do not do it!

Here are my top 6 ways on how to save for a wedding and a house at the same time:

1. Open a new savings account

Before you start saving money for a wedding and a house, you will need to find a place where you can store your money and where you will not be tempted to spend it.

Visit your local bank and ask to open an account.

There are quite a few account types available. A regular savings account works perfectly.

The tips in the list below will benefit from this separate account. What you need to remember is that the account is only for your wedding and house expenses!

Or I also recommend creating two savings accounts, 1 for the wedding and 1 for the house. Do not use it to pay bills or other things that may come up.

2. Get your debts under control

While it may feel like you’re spending more money, the opposite is actually true.

Once you start paying a little more each month on student loans, car loans and credit cards, your fixed costs actually decrease.

This is because you eventually pay off the interest, and instead start paying off the principal debts.

This is something you can only win at. The more your debt decreases, the better your net income looks for lenders.

This means that you can get a better interest rate on your mortgage, and may not have to save money for as long as you thought you could buy a house – the requirement for a down payment can be reduced!

This also means that you have less to worry about which means you can focus more on planning the wedding.

3. Stop buying new things

This is simple, but perhaps the hardest way to save money on buying a home. Just stop buying new stuff.

Do you really need a new coffee pot, or does it work with the old Melitta brewer for a while?

Do you need the robot vacuum cleaner, or is it actually possible to vacuum in the old honest way? And your clothes? Does not last year’s winter jacket work just as well?

If you still find yourself in a situation where you need to buy a certain thing, buy used. There is nothing wrong with a second-hand frying pan or a used headboard.

In fact, there are very few things that one should not rather buy used. (We draw the line at underwear…)

We tend to assume that a product is better if it is new.

But that’s just not the case.

If it really is something you need, you can buy it used or even get it for free just by doing a little searching. Stop buying new things and instead save the money for your wedding and down payment.

  • You probably do not need everything you think you need
  • If you actually need a certain thing, consider whether it absolutely must be new
  • You can save a good penny on buying things second hand, from kitchen appliances and furniture to clothes and bedding

4. Ask for gifts

Not all cultures support this, but in most it is perfectly okay to ask people for gifts.

If your friends and family know that you are trying to save money for a house, they will probably be more than happy to help you do just that.

If you do not feel comfortable asking for money to buy a house, you may want to get money instead of actual gifts when it’s time for these.

For example, if your mother usually invites you to a fine dinner at a restaurant on your birthday, you can kindly ask her to give you $50 or so instead.

Explain that you are working hard to save money for a house and that her gift would help you a lot on the way to realizing this dream.

If you are really brave, you can set up a crowdfunding account.

Set a goal somewhere between a couple of hundred dollars for the entire down payment, and advertise your goal on social media.

People will donate if they can, and you can then use these gifts to buy your new house.

  • People who know that you are saving money to buy a house are probably willing to give you money for the purpose
  • You can ask for money instead of regular Christmas presents or birthday presents
  • If you want, you can set up a crowdfunding account and ask for help from just about everyone you know on social media!

5. Consider a joint wedding

Do you have a friend who is also engaged? Can you and your partner double with the other couple and share the expenses?

To do this, you can not be a bride- or groomzilla.

You need to be flexible in your wedding preferences, from color theme to menu options.

But by having a joint wedding, you can save money on a wedding, which means that your party can cost as little as half the price.

Be careful when selecting this option.

Be sure to check with the venue to make sure this is allowed, and see if they will charge you extra. But if you are getting married on the beach or in a wonderful local park, you can usually share the cost of the room with others.

You also need to make sure that both couples are relaxed enough to work together regarding transportation, number of guests… the whole thing.

It may not work for everyone, but it may work for you!

  • You can save as much as 50% on a wedding by organizing a joint party
  • Check with premises to be sure this is allowed
  • Make sure you and the other couple are willing to work together on the details of the wedding: bridezillas are exempt

6. Prioritize the right things

The basic idea of this guide is this: it is important to save money when buying a home and planning a wedding.

However, temptations can often arise, and we really do not want you to have to choose between saving for the down payment and, for example, feeding your kids.

Decide which priorities are most important and stick to them. You probably do not need to buy a car right now, so why not wait a little later?

You probably do not have to spend hundreds of dollars every year on a gym card, or theater tickets or even the coffee you have become accustomed to drinking in the morning.

See the difference between your desires and your needs to be able to prioritize, and make your decisions accordingly.

Saving money for a wedding and a house does not have to be scary – it can actually be fun and a good reason to get creative!

Clarify what your needs are and what only your habits and desires are, and spend or save money accordingly.


Congratulations on your decision to get married! Weddings are expensive and you just want the best during your ceremony.

Look around you and really think about how you can save money for a wedding by simply cutting back on costs that you have taken for granted.

The sam goes for a down payment on a house.

But I would recommend that you prioritize the most exiting and important thing first, the wedding.

Don’t get me wrong, I do think you should save for both of them at the same time but you should probably put in a little bit more into the wedding each month. But that is just my opinion, Good luck!




This article has been reviewed by our editorial board and has been approved for publication in accordance with our editorial policies.

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