This post may contain affiliate links, which means I'll receive a commission if you purchase through my links at no extra cost. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure policy for more information.
Pin for later. Follow on Pinterest.
INTRODUCTION
Weddings are exciting but expensive, and some people are cutting their wedding budgets due to rising costs. Having a wedding support your financial future is better than having a wedding that drains your finances. Whether saving for the big day or looking ahead to build long-term wealth, managing your finances is critical. One smart way to improve your finances and save more for a wedding is to earn more or increase your income. By focusing on earning more, you can accelerate your savings and create a solid financial foundation supporting your wedding dreams and financial goals. Below are some brilliant ways to help you build your wedding fund savings and create wealth for your future.
9 SMART WAYS TO BOOST YOUR WEDDING FUND AND BUILD WEALTH FOR THE FUTURE
1. SET FINANCIAL GOALS AND TIMELINES
Setting financial goals with a timeline is essential to earn more money for your wedding fund and future wealth. You create a roadmap that guides your efforts and keeps you on track by clearly defining how much you need and when you need it. Whether taking on a side hustle, asking for a raise, or selling items you no longer need, having a specific goal and timeline motivates you to take action. Breaking your target into smaller, achievable milestones or habits helps you track your progress and stay focused.
Need help creating great habits or achieving goals? Check out the book “Atomic Habits” by James Clear. This book highlights how small, consistent habits can compound over time, making it easier to build the habits necessary to achieve financial goals, stick to timelines, and ultimately grow your wealth.
2. FIND FREE MONEY BY TRACKING YOUR SPENDING
Tracking your expenses is a powerful tool for finding extra money to save for your wedding. By diligently recording where every dollar goes, you clearly understand your spending habits and identify areas where you might overspend in your budget. Whether it's cutting back on dining out, canceling unused subscriptions, or finding more cost-effective alternatives for everyday purchases, these small changes can add up quickly. With this newfound awareness, you can reallocate those funds toward your wedding budget, making your dream day more affordable without sacrificing the things that matter most. Need help? Try Rocket Money, which helps you with your budget and lowers your expenses by cutting unnecessary expenses like subscription services you don’t use.
3. GET CASHBACK AND REBATES ON PURCHASES
Maximize your savings using cashback apps like Rakuten, a platform that offers a percentage back on your online purchases, which can accumulate over time. For example, if you buy your wedding dress through a partner retailer, you could get a portion of the purchase price back in cash. It's easy to save money on wedding expenses and everyday purchases. I love Rakuten and how it makes it so easy to earn back money from online shopping. Plus, during holidays, you can get double the cash back! To learn more about Rakuten, check out this review. Other great options are Honey, RetailMeNot, or Captial One Shopping app.
4. TRY ONLINE SURVEYS TO EARN MONEY
Participating in online surveys can be a simple way to earn extra cash. Platforms like Swagbucks allow you to complete tasks like surveys, watching videos, and shopping. You can accumulate Swagbucks points redeemable for gift cards or cash. While it's not a significant income source, it can cover small wedding-related expenses like decorations or favors using gift cards.
5. INCREASE YOUR INCOME FROM YOUR JOB
Your primary income significantly impacts your wealth-building potential. Consider increasing your salary, such as acquiring new skills or seeking promotions. Ramit Sethi, author of “I Will Teach You To Be Rich“, offers some helpful tips for negotiating your salary:
- Track the results you get at your job. Keeping a detailed record of your achievements and contributions at work is essential. Regularly update this log so that you have concrete evidence of your performance when it comes time to discuss a raise.
- Show your boss your results and ask how you can improve. Once you’ve tracked your accomplishments, share them with your boss during a performance review or a scheduled one-on-one meeting. Presenting your results highlights your contributions and opens the door for constructive feedback to strengthen your case for a raise.
- Schedule a meeting with your boss. Not an email. Not a casual chat. Get on their schedule for an intentional meeting to discuss a raise. During the meeting, clearly state your case using the results you’ve tracked to support your request.
- Practice negotiating a raise with a friend before you meet with your boss. Negotiating a raise can be nerve-wracking, so practice with a friend beforehand. This practice can help you refine your message, anticipate possible questions or objections, and build the confidence to advocate for yourself effectively during the meeting.
6. SELL STUFF YOU DON’T USE
Declutter your home and sell items you no longer need on platforms like eBay, Amazon, or Facebook Marketplace. Items like old electronics or furniture can bring in extra cash. You can also sell clothes on sites like ThredUp or go to your local bookstore to sell your old books. Your closet or garage can be a goldmine for your wedding savings fund, so take action to get creative and make money on things in your house.
7. HOUSE HACKING
If you own a home, consider renting out a room or a portion of your property to reduce living expenses. Or, if you rent, find a roommate to save on your housing expenses. This method, called house hacking, can significantly lower your housing costs. For example, renting out a basement suite or a spare room can cover part or all of your wedding expenses. House hacking can also be a great way to start real estate investing to build wealth and help you save money for your wedding.
8. START A BLOG
If you have a passion or expertise, consider starting a blog. You can monetize a blog through affiliate marketing, ads, or sponsored content to earn more money for a wedding, honeymoon, or retirement or to increase your monthly income. Bluehost makes it easy to set up a blog, and affiliate programs can help you earn money by promoting products you love. For a step-by-step guide on starting a blog, check out resources like “FinSavvy Panda's Treasure Map to Blogging Success.” It is a thorough step-by-step ebook that will help you start your blog. Without this resource, starting a blog would have taken me 3 times as long.
Another tip is to get high-quality legal templates for your blog. Amira at A Self Guru offers templates to legally protect your blog or online business so you can blog about what you love without worry. They are easy to set up; she has templates for coaching, affiliate marketing, and freelancing. Her templates gave me peace of mind with my blog, and if you have any concerns about protecting yourself, I’d check out her blogger legal templates.
9. START A PROFITABLE HOBBY, FREELANCE GIG, OR SIDE BUSINESS
Monetizing a hobby or skill can be a fun and lucrative way to earn extra income, such as selling handmade crafts on Etsy or opening a storefront on Shopify. Shopify is an e-commerce platform that enables you to create and manage your online store to sell products or services and grow your business. Other options include driving for Uber, delivering groceries with Instacart, babysitting, or tutoring on Care.com. Fiverr, a freelance marketplace, lets you provide services or hire professionals for various tasks to earn extra income or complete projects.
Or maybe you are great at teaching and want to create a course on Teachable. Teachable is an online platform that allows you to create and sell your online courses, making it easy to share your expertise and generate income. These side gigs provide flexibility and can significantly boost your wedding savings.
CONCLUSION
Earning extra money for your wedding while building wealth requires a combination of intentional decisions and disciplined habits. By tracking your spending, leveraging cashback apps, participating in online surveys, increasing your income with blogging or a side hustle, starting, you can achieve your wedding savings goals and establish a solid financial foundation. Remember that every small step you take today brings you closer to a financially secure future.
IN SUMMARY
9 Smart Ways To Boost Your Wedding Fund And Build Wealth For The Future
- Set financial goals and timeline. Check out “Atomic Habits” by James Clear for more on building habits to achieve goals.
- Find free money by tracking your spending. Try Rocket Money to cut down on your subscriptions.
- Get cashback and rebates on purchases. Use Rakuten to earn more money while shopping online.
- Try online surveys to earn money. Check out Swagbucks to earn gift cards while taking online surveys.
- Increase your income from your job.
- Sell stuff you don’t use.
- House hacking.
- Start a blog. Check out FinSavvy Panda's blogging ebook and these blogger legal templates to get started with blogging.
- Start a profitable hobby, freelance gig, or side business.
How are you going to earn more money for your wedding?
Pin for later. Follow on Pinterest.
