Like any other loan, applying for a loan to take care of the expenses of the wedding has to be done after a lot of thought. You can choose to opt for a personal loan and use the EMI calculator to find out how much your monthly payments will come to.
\n\nFor Parents
\nEvery Indian parent dreams of getting their kids married in style and aplomb, leaving no stone unturned. Personal loans often offer you the much-needed cushion for any last minute or unexpected expenses you might incur. Today personal loans can be availed from any leading bank or financial institution by furnishing a loan application form, a copy of your previous income tax return as well as a copy of your salary slip for the previous six months. Having a good credit score can be a bonus.
For the Couple
\nIt’s not just the parents, wedding couples too opt for loans as some prefer to spend on their wedding expenses themselves. Before getting a loan, it is essential to calculate your marriage loan eligibility to make sure that you do not start your new life with a burden that is too heavy to carry. Being vigilant on expenses during the wedding plan can help too. Whether you really need fancy printed invites, restricting the number of invites, minimising on the wedding decor, or the number of items you want to put on your guests' plate for the wedding lunch & dinner, are some of the expenses that you can have a tab on.
\n
\nAlthough taking out a loan might seem like a bright idea at the time, experts advise against it as it leads to an increase in the wedding costs when you take interest rates into account. A prudent option would be to save up for the wedding of your dreams regardless of what the personal loan eligibility calculator says. After all, a wedding is a new beginning!
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Regardless of whether both or only one person is earning, how to manage finances in a marriage is a question that challenges most couples. Managing finances is one of the important responsibilities that you need to handle right from the time you are married. Here is how you can discuss and plan your finances:
\n\nFinding the right person is only the first step in your married life. Life after throws many challenges that can be dealt with easily if both partners are on the same page.
\n\nDo not let your emotions rule when planning your finances. Take a stand from a neutral point of view and act accordingly.
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Now that the big fat wedding is done, with our hearts full and pockets empty perhaps, it’s time to put your personal finances on a tight leash. Talking about finances post your wedding is not a very easy conversation to have but you need to know how to manage finances in a marriage. However, it is absolutely necessary for you and your partner to be on the same page to ensure a solid financial foundation leading to a blissful marriage.
\n\nArguments in marriages are common and essential to a certain extent. However, disagreements over finances can be avoided through open and effective communication.
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A traditional Indian wedding can cost anywhere between a few lacs to a few crores depending on how basic or extravagant you want the wedding to be. Here are some of the wedding essentials and their average cost for a budget wedding (move away, Priyanka Chopra and Nick Jonas):
\n\nOverall, when you consider all the above parameters, the budget wedding could cost anything between 10 to 40 lakhs approximately. A typical Indian wedding is pompous and the cost of the wedding is totally subjective as it depends on various factors like social status, venue, number of guests, etc.
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The wedding attire is an important part of the celebration and obviously, the bride wants to look her best wearing the most gorgeous clothes that she can afford. No pressure from those Sabyasachi wedding trousseau brochures, right?
\n\nMany communities in India still stick to the traditional costume of wearing a silk saree or a lehenga for the wedding according to the region the bride belongs to. Silk saree is the preferred choice as the bridal dress in South, West and East India while other parts prefer Lehenga.
\n\nThere are a number of attire changes for the bride and it can vary based on the rituals followed at the wedding. In South Indian weddings a minimum of 3 to 4 silk sarees are required while for the North Indian weddings they will need at least 2.
\n\nIn a typical South Indian wedding, a silk saree is brought for the Vara Puja ceremony which happens prior to the wedding day.
\n\nOther wedding attires across India
\nFor weddings that are held elsewhere in India, brides wear a lehenga for the main wedding ceremony. The saree will be colourful with intricate embroidery and designs made from gold thread and crystals. After the wedding, she changes into another beautiful lehenga or Ghagra Choli with Odni for the reception. Since the latest trends include designs that are a crossbreed of traditional and modern, brides are increasingly choosing evening gowns with a touch of Indian heritage through the choice of jewellery, styling or design.
Budgeting Attires
\nWhile one may be tempted to buy every outfit in a seasonal wedding fashion magazine, it’s practically not possible. What is possible is to derive inspiration from these and attain a similar look within a pre set budget. The general rule of thumb is to allocate 5% from your overall wedding budget breakdown towards your wedding attire.
Budget and design are two things that go hand in hand. Rework on design, texture or material to reduce or stick within a pre-allocated budget. Get smart and work with all the beautiful outfits you have in hand by creating a re-energised look! Not only does this help save some money but wakes up the inner stylist in you to look your trendy best! Also, the last thing you want is to sweat crazy walking down shopping streets exhausting yourself. Here are some tips to revamp your look within budget:
\n\nThe bride’s wedding attire is the highlight of the marriage and hence every bride chooses it painstakingly to look her best.
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