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Honeymoon  Budget Tips

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Are there wedding bells in your near future? If you’re engaged and reading this article, you likely have a lot of questions on your mind. 

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How can I plan an unforgettable wedding? Should we go on a honeymoon right away? Where will we live once we’re married? Should we combine our finances?

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18 Tips for Planning a Honeymoon That Doesn’t Break the Bank

18 Tips for Planning a Honeymoon That Doesn’t Break the Bank

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1. Avoid Going into Debt to Pay for Your Honeymoon

Planning for a honeymoon should be considered an early financial fire drill for newlyweds. Much can be learned about the health of your communications around money and your mutual willingness to delay gratification if needed.

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2. Prepare a Honeymoon Travel Budget

Before you book your trip, brainstorm what costs you will incur and estimate the amounts.  Put all of the information together to create a travel budget that will act as a roadmap to guide you through the process of planning and saving for your honeymoon.

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3. Start a Honeyfund

A great way to save on your honeymoon is to add a Honeymoon Registry to your list of gift options for your guests. If you’re a couple who prioritizes experiences over stuff, having your guests contribute to your dream honeymoon trip is a no-brainer. Sites like Honeyfund allow guests to contribute cash funds for you to use on your post-wedding trip. They can chip in on anything from hotels to flights, and even contribute towards specific activities or excursions!

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4. Get a Big Welcome Bonus from a New Travel Reward Credit Card

Travel demand is skyrocketing in the post-pandemic world, which is great news for your honeymoon options, but potentially bad news for your budget. One way you can enjoy the honeymoon of your dreams without breaking the bank is by signing up for travel rewards credit cards. Many of them offer welcome bonuses of $500 or more if you spend a certain amount in the first few months, which can be redeemed for airfare, hotels, and other travel perks.

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5. Use Points and Mile

5. Use Points and Mile

Planning a wedding and a honeymoon can make you stressed out due to some costs involved. People want to go on fun and exotic adventures, but you know that the money must come from somewhere when you go. If you are into travel hacking, you can reduce the honeymoon cost. One way is to collect points and miles by putting all of your wedding expenses on new travel rewards credit cards like the Chase Sapphire Reserve or Capital One Venture X card. Then you can use those miles and points you have accumulated to pay for your trip.

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