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How to make and stick to a budget for your honeymoon?
Planning and discipline are key

By Lisa Kramer 

Honeymoons are expensive. They are expensive, because most couples want to be pampered and stay in luxurious accommodations. Of course, the honeymoon is a time to relax and enjoy each other’s company in style, but you can do so without damaging your personal finance. According to a survey conducted by Modern Bride Magazine, the average honeymoon costs $3,700 and lasts 8 days.

Below are a few tips to lower your expenses on the honeymoon. The money that you thus save can be used to have a grand first-year anniversary too.

First, make a list of the characteristics you and your partner want in the honeymoon. Remember it is a vacation to enjoy each other (How to have fun as a couple) and also the destination. This list can look something like this:

  • Relaxing place
  • Outdoor activities
  • Beaches
  • Secluded, private
  • Far from too many tourists
  • Exotic
  • Far/close to home
  • Very luxurious
  • Spa treatments 
  • Good food, American food, French food, etc.

From this list you will get an idea of the type of places you are looking for. With this information, get online and start your research. Most of the research can be conducted on the Internet at no charge to you. If a website asks you to register and you are not sure, move on to the next one since many excellent websites provide information without registering.

If your destination is an expensive one, research the price difference between high and low season. Sometimes it can be enormous. I stayed at the Ritz Carlton in Cancun during summer at a bargain price. I could not have afforded The Ritz in high season. So you can either postpone your honeymoon to an off-season or pick a destination when it is off-season there. For instance, a beach destination in North America can be expensive during winter months but in South America where it is summer, you can find great bargains.

Think with your head and not with your heart. The honeymoon is a special time in your life but remember that it is only a vacation. Do not overspend and create stress for later on. If you incur debt, it will be a setback for your personal finances. There are many destinations where can spend less and still have a great time.

If you have airline miles, use them for air travel, but be careful with hotel stays. Usually it is a better deal to use the miles for air tickets.  Packages are usually cheaper than purchasing hotel, rental car, and air separately.  Use consolidators. Check for prices on the websites of the airlines but also on websites of third parties and then pick the lowest price.  And be flexible about the schedule.  For instance, flying on certain days can be much cheaper than flying on Fridays.

 

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