HOW TO BUDGET WELL FOR YOUR HONEYMOON
Planning your honeymoon is just as important as planning your wedding day, however, it can be the last thing on a couple’s mind. The Wedding Expo revealed that most couples only allocate 10% of their wedding budget to their honeymoon, which usually is not enough to cover all costs. This can make a honeymoon a daunting and costly vacation to then organise. Here are a few tips on how to ensure your honeymoon budget does not leave your bank account empty, taken from The Honeymoon Budget Guide and written in collaboration with Hippo.co.za.
Decide on what kind of honeymoon you want
It’s difficult setting a honeymoon budget if you have not decided on what type of honeymoon you want. The first thing to do in the preparations process is for you and your partner to decide on where you want to go, and for how many days you’d like to be away. Would you like a luxurious hotel experience, or do you prefer a local road trip around your beautiful country?
List all the expenses
Once you know where you’d like to go and how luxurious or not you’d like your vacation to be, you can determine the costs involved and ultimately what your budget will look like. From accommodation and travel to entertainment, it’s important to list every expense you expect to encounter, and for this, you can do some online research. If you’ll be opting for a road trip, it’s important to ensure that you have included things such as the price of petrol and Car Insurance on your expense list. And if you’re flying overseas you may need to pay for a visa.
Once you have an estimated figure for all the expenses including travel, accommodation, food, and entertainment you can assess whether it is financially attainable according to your cash flow. Should the figure be more than what you expected, you can opt for cheaper accommodation, travel arrangements, and entertainment. According to the Honeymoon Budget Guide, “saving over a set period of time is one of the best ways to afford your honeymoon and accumulate the funds until you have enough to get going”.