6 Tips for Saving Money as Newlyweds

Weddings these days are not cheap. If you’ve gotten married recently, you can attest to that. From the food to the event hall to the invitations and table settings, the market for wedding necessities has become huge business. If, after the big day has happened, the two of you find that your pocketbook has taken a serious hit, you’re going to have to spend some time cutting back. There are plenty of ways to live frugally while you replenish your cash reserves; here are six of the best.

  1. Make a budget. One of the easiest ways to save money is by keeping track of your spending habits. Make a family budget. Record your monthly income, your bills and everything else you spend money on. When it’s all on paper right in front of you, it will be easy to see things you can cut out or lower your spending on.
  2. Stay home. You’re already married, so you may feel less need to go out on dates that can get expensive or dinners that cost much more than eating at home. Maybe going out can become a treat, and you can spend more time at home watching movies or playing games. Surely two newlyweds can find a way to enjoy their time at home together.
  3. Cut back on driving. It’s no secret that cars are a large part of anybody’s personal budget. Insurance, gasoline, repairs and maintenance, not to mention the initial purchase of the car, make automobile ownership a significant expense. If possible, use public transit to commute and save your car for shopping trips. Find people you work with who live near you, and trade carpooling duties with them. You’ll save gas and wear and tear on your car.
  4. Combine cell phone plans. One of the best parts of getting hitched is that you can take advantage of discounts like family cell phone plans.
  5. Do it yourself. Instead of calling a repairman when the toilet needs fixing, or hiring a contractor for a household improvement project, check out a few books from the library about how to do these projects yourself. Most public libraries stock a selection of DIY books that can help you save money and develop skills that empower you. Just be sure not to take on any dangerous projects yourself.
  6. Buy reusable products. Instead of disposable plastic and paper items like napkins and sandwich bags, check out the huge array of reusable items that are making a comeback in the marketplace. For example, there are food containers that incorporate clever design with functionality, and affordable cloth napkins that are easily washable.