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Use Your Tax Refund Estimate in Your Wedding Budget

shutterstock 113785513One of the best times of the year is fast approaching: tax return season! We know how much planning a wedding can cost, which is why most couples opt to stick to a strict budget. However, if you’re planning a wedding for this spring or summer, remember to take your tax refund estimate into account. You can use this money to significantly supplement your wedding budget if you need or want to. After all, you only get to have the wedding of your dreams once, so you should make it count. Here are a few ways you can incorporate your tax refund estimate into your wedding budget:

1. Matching Wedding Rings

Have you had your heart set on a pair of matching wedding rings that were originally out of your budget? Allocate some of your tax refund to this part of your budget. After all, this is one of the most permanent parts of your wedding. You’ll wear these rings forever, so you shouldn’t settle -- just like you didn’t settle for your fiance. Get the matching wedding rings that you’ll never tire staring at, and with My Trio Rings' already affordable prices, you won't have any regrets. 

2. Ceremony and Reception

Did you have to make cuts to your original wedding plans because of lack of funds? Now that you know your tax refund estimate, see what you can afford to incorporate back into the wedding of your dreams. Use it for a little splurge or two on things that are important to you - the fresh flowers along the aisle or the DJ or band that knows how to groove and can play your wedding song perfectly. If you’re not sure what to use the money on, ask yourself this question: when I look back in 10 years, what will I wish I’d done differently at my wedding? Will you wish you’d used fresh flowers instead of imitation? If not, find somewhere else to invest your money. One option is to invest it into a professional photographer who will capture the photos you’ll look at for a lifetime.

3. Honeymoon

If you have already planned the wedding you’ve always wanted, save the money from your tax refund and use it on your honeymoon! A lot of couples opt to spend less on their ceremony and reception so that they can spare no expense on their first trip as a married couple. Your tax refund estimate can open up a lot of doors for you --instead of going to Florida, maybe now you can go to Hawaii or Jamaica. The money can also allow you to try once-in-a-lifetime experiences like skydiving on your trip that would otherwise be out of your budget. Maybe you’ve been married for a while and postponed your honeymoon until you had enough funds. If so, your tax refund might present the perfect opportunity!

4. Vow Renewal

Perhaps you were married years ago, but you weren’t able to have quite the wedding you wanted because of money limitations. If so, now may be the right time to celebrate. Use your tax refund estimate to plan a vow renewal ceremony on your anniversary. This way, you can finally have that dream wedding. You can even get new matching wedding rings to commemorate the occasion!

Before you walk down the aisle, make sure you have the perfect set of matching wedding rings.

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