An extravagant wedding can be a dream for many couples, but it is essential to consider the financial implications of such an event. Here are five reasons why an extravagant wedding is a waste of money and how the new couple can use the money better.
1. It is a one-day event
An extravagant wedding can cost millions of naira, but it is essential to remember that it is only a one-day event. Spending such a large amount of money on a single day can be a waste, especially when there are so many other essential expenses that the couple must consider in their future. The money that would have been spent on an extravagant wedding could be used for a down payment on a house or to pay off student loans, providing long-term benefits to the couple.
2. Debt
Many couples go into debt to pay for their wedding, creating a financial burden that can last for years. Starting a marriage with debt can put a strain on the relationship, and it can limit the couple’s ability to achieve other financial goals. Instead of going into debt for an extravagant wedding, the money could be used to start an emergency fund, pay off existing debt or invest in the future.
3. The focus is on the event, not the marriage
Couples can lose sight of the reason for their wedding, which is to celebrate the beginning of their marriage if they focus too much on an extravagant event. Therefore, instead of focusing solely on the wedding celebration, they should concentrate on building a solid foundation for their marriage. In place of an extravagant wedding, the couple can invest the money in pre-wedding counselling or go on a marriage retreat to help strengthen their bond.
4. Family Drama
An extravagant wedding can create family drama and tension, especially when family members have differing opinions on the event’s details. This can put a strain on the couple’s relationships with their families, and it can create a hostile atmosphere on what should be a joyous occasion. Instead of spending money on an extravagant wedding, the couple could consider using the money to travel with their families, creating positive memories and strengthening relationships.
5. The honeymoon is just as important
The honeymoon is an integral part of the wedding experience and is often overlooked in favour of an extravagant wedding. An elegant wedding can leave little money for a honeymoon or limit the couple’s ability to take a more extended, luxurious trip. Instead of spending all the money on the wedding, the couple could allocate some of the funds to a honeymoon, allowing them to create lasting memories together.
Keep the Event Simple
Here are some tips on how to keep a wedding ceremony simple:
1. Choose a simple venue:
Choosing a simple venue like a park, a beach, or a backyard can help save money on rental fees. It can also create a more relaxed and intimate atmosphere for the ceremony.
2. Limit the guest list:
Limiting the guest list to close family and friends can help keep the ceremony intimate and reduce the cost of catering and seating. A smaller guest list can also help create a more personal and meaningful ceremony.
3. Use simple decorations:
Instead of elaborate decorations, opt for simple and elegant decorations like flowers, candles, or lanterns. This can help create a beautiful and romantic atmosphere without breaking the bank.
4. Simplify the ceremony program:
A simple ceremony program can help keep the ceremony organized and focused. Stick to the essential elements of the tradition, like the vows, the exchange of rings, and the pronouncement of marriage.
5. Have a simple reception:
A simple reception can be just as enjoyable as an elaborate one. Opt for a buffet or potluck-style meal instead of a sit-down dinner. This can help reduce the catering cost and create a more casual atmosphere.
6. Keep the attire simple:
Opt for simple and comfortable attire for the bride, groom, and wedding parties. This can help reduce the cost of wedding attire and create a more relaxed and informal atmosphere.
In conclusion, an extravagant wedding can waste money for many reasons. The money that would have been spent on a lavish wedding could be used to achieve other financial goals, such as paying off debt, investing in the future, or creating positive memories with family and friends. It is essential for couples to focus on the marriage itself rather than on the event and to consider the long-term benefits of their financial decisions.
