Almost every couple would love the idea of a destination wedding, considering it is incredibly romantic and a sure-fire way to kindle the love at the outset of their conjugal lives.

The ‘Big Fat Indian Wedding’ is the traditional way that involves inviting a sea of guests to the ceremony. However, a destination wedding – that is usually hosted in another city or country, for that matter – doesn’t involve as many invitations.
Despite the splendor and grandeur, destination weddings are actually less as compared to their traditional counterparts. That being said, more the customizations, more would be the costs.

Choosing the destination

Climate will differ across regions at any point in time. It is important to keep in mind the weather of the city/country that you have your heart set on. Also, both the bride and groom have to agree on the destination. If you have a fundamental difference of opinion between yourselves– whether to pack off for the mountains or soak in the seas -- some serious thinking might be required.

No matter the place you choose, factor in the budget and expenditure that is to be incurred towards travel.

Selecting the resort

There are a few resorts that might not charge you for your wedding, considering you subscribe to an extensive package consisting of honeymoon and an extended stay for over a week. If you end up choosing the resort right, you can enjoy formidable savings.

Moreover, some resorts might not bill you for lighting and decoration should you opt for a preset wedding package. It is advisable that you browse carefully before settling for a particular resort.

Inviting only those who matter

In case of a destination wedding, chances are you’d only invite people who matter to you – family, select friends and relatives. Considering it would be a small and intimate gathering, your expenses are likely to come down by a considerable degree.

Irrespective of whether you want to do it the traditional way or indulge in an exotic destination wedding, a social ceremony of such a scale can be expensive. That being said, a destination wedding is likely to be a magnificent experience for you and your partner. Financial prudence calls for building a corpus if you are willing to undertake a destination wedding.

Though deft investments in a mix of equities and debt, you can accumulate the required funds. For instance, systematic investment planning (SIP) in equity mutual funds over a long time period can help you generate inflation-indexed returns that can help you cover major expenses related to your wedding.

Learn more about Mutual Funds for a good personal financial management.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



Trending Articles

Article Links

Financial Advisor

Recurring Deposit vs Fixed Deposit

What is Fixed Deposit

What is a Credit Score

What is a Savings Account

Latest Articles

abc-of-personal-money
abc-of-personal-money

Is Any Dream Too Big If It Is Born Out of Passion and Ambition?

Read More
Posted on 30 March 2020
abc-of-personal-money
abc-of-personal-money

Free Learning Courses You And Your Children Can Take From Home For A Limited Period

Read More
Posted on 30 March 2020
abc-of-personal-money
abc-of-personal-money

Free Access to Digital Books & Magazines

Read More
Posted on 30 March 2020

Featured Articles

image abc-of-personal-money
abc-of-personal-money

Are Millennials Any Different When It Comes To Planning Financials?

Read More
Posted on 05 February 2020

Relevant Articles

image abc-of-personal-money
abc-of-personal-money

Is Any Dream Too Big If It Is Born Out of Passion and Ambition?

Read More
Posted on 30 March 2020
image abc-of-personal-money
abc-of-personal-money

Free Learning Courses You And Your Children Can Take From Home For A Limited Period

Read More
Posted on 30 March 2020
image abc-of-personal-money
abc-of-personal-money

Free Access to Digital Books & Magazines

Read More
Posted on 30 March 2020