5 Key Financial Tips for Your Honeymoon

Financial Tips for Your Honeymoon

The Internet is full of honeymoon guides. From lifestyle and travel blogs to economic and political websites, editors like to publish such articles.

What’s interesting is that most of these pieces discuss either honeymoon destinations.

Driven by our reading experience, we’ve decided to put together a list of financial tips for honeymooners.

In the next five paragraphs, you can learn how to keep a few cents more in your pocket.

  • Set the honeymoon budget in advance

Many bridal couples turn one part of the money from wedding presents into their honeymoon budget. 

While this is a legitimate option, it’s not a financially responsible one. 

You don’t know how much wedding money you can allocate for your honeymoon.

Also, this means that you’ll have to book your honeymoon on short notice. Such deals are more likely to be more expensive from those booked in advance.

Therefore, save money for your honeymoon for a few months or even a year. 

That way, you won’t have to take away from the money you got for your wedding.

  • Avoid making debts 

We’ve already pointed out that using monetary wedding gifts for the honeymoon budget is financially unacceptable. 

However, taking a loan to go on a honeymoon is even less responsible. 

Every loan you take leaves a trace in your credit score. Even though there are various types of loans, you should borrow money only for some essential things.

What’s more, taking a loan or borrowing money for this purpose doesn’t sound romantic at all. 

So, every bridal couple should think about their financial policy and start saving money in advance. 

  • Diversify the cash stashes

When you’re making your honeymoon plan, it’s crucial to decide how to carry your money. 

If you’re traveling abroad, it’s important to learn more about some Customs rules. 

Most countries have a certain limit regarding the amount of money tourists can bring into the country. 

If you’re planning to have a luxurious honeymoon, don’t carry all your cash with you. 

Instead of that, you should use one or more credit cards

For instance, you can use your regular Visa or MasterCard. Freelancers and digital nomads might already have a Payoneer card, which is another reasonable option. 

Of course, you need to carry a certain cash stash with you, but let it be only for the essentials. 

  • Choose a frugal place

Now let’s go down the common road when it comes to articles about honeymoon – dealing with destinations. 

Today, you can fly to any part of the world for up to $1,000. Just for the record, we’re talking about economy class. 

Since the world has become a global village, you can get to some affordable destinations more easily than before. 

For instance, many wedded couples from the USA choose Thailand and Vietnam for their destinations. These countries offer beautiful landscapes and affordable accommodation. Plus, it’s a sort of adventure to visit an exotic destination. 

On the other hand, some honeymooners prefer to stay in their country. 

For instance, going to Hawaii or Florida is a safe play. Also, some bridal couples might want to spend their honeymoon in Texas. This state has more and more honeymoon and wedding places, like the exclusive wedding venue in College Station

  • Be an early booking bird

Last, but not least, booking everything for your honeymoon in advance will bring many benefits. 

For starters, you’ll be able to use some first-minute discounts. The best of it all is that you don’t need to have the entire sum during the reservation. 

When you make the down payment, you can keep saving money to pay the entire arrangement before the trip. 

Moreover, it’s recommended to book your flight(s) in advance. You can make significant savings that way because airlines offer huge discounts for early booking birds. 

In line with this, do some online research and contact several hotels at your destination. 

This direct communication can leave a few cents more in your wallet. 

However, check their ratings and users’ review on some popular booking websites beforehand. This will help you dodge potential scams.

Also, you can get discounts by booking your plane ticket and your hotel room together. 

Conclusion

The honeymoon shouldn’t be planned on short notice.

You should start preparing for your honeymoon when you begin with your wedding preparations.

The most important thing here is to save the honeymoon money on time.

Also, it’s advisable not to take any loans for this matter.

Careful planning and money management will ensure enough money for your honeymoon.

Also, choose a destination that will meet your budget.

Finally, don’t put all your eggs in one basket and keep your money in several different places during the trip.

AuthorBio: James Barnes is an experienced wedding organizer and blogger at theannexevents.com. He specialized in organizing outdoor wedding events.When he isn’t writing about weddings and marital life, David usually goes swimming or playing squash.