Getting married is a special moment, so it's no wonder many couples are willing to spend a lot of money to celebrate it. Are you and your partner interested in a destination wedding? Continue reading this article to find out some unexpected big expenses when holding a destination wedding as well as ways and tips for saving money to prepare the costs for a destination wedding.
What Does Destination Wedding Mean?
The term destination wedding is increasingly being heard. Indeed, a destination wedding is a concept that is worth trying if you want to try something unique and different but at the same time it is a beautiful opportunity to create lots of precious memories, not only with your beloved partner but also with family and close friends.
Destination wedding can be interpreted as a wedding party held not in the city where you live. It could be that the destination wedding is held outside the city or even abroad (reference: Weddingku).
You need to agree on the place to hold your destination wedding first with your partner. For example, if you live in Jakarta, you and your partner might be interested in having a destination wedding in Sumba, Lombok or other beautiful places or remote islands in Indonesia that will take your breath away.
Unexpected Expenses that Require Large Costs to Get Married with a Destination Wedding Concept
When you want to hold a wedding, there are a number of factors that need to be taken into account so that you can budget the costs properly. The factors in question include, for example, venue, catering, souvenirs, decorations and vendors. But apart from those, there are a number of expenses that need to be anticipated and the funds prepared well in advance, especially since you will be having a destination wedding.
So, what are the big expenses that you need to take into account so that they don't interfere with your wedding?
1. Travel or transporation costs during the wedding
Maybe you have already calculated the costs of traveling to the wedding destination. Airline tickets for domestic destinations and international destinations are of course different in price. Also take into account the possibility that tickets will be more expensive if you hold a wedding during high season. Apart from that, don't forget about travel costs (local transportation) while at your destination. For example, transportation from accommodation to the party venue if the locations are different.
2. Accommodation costs before, during and after the destination wedding
It would be weird for you to arrive at the wedding destination on the day you are having your wedding. Most likely, you and your partner will arrive a few days beforehand. So, make sure you prepare accommodation costs for this. Likewise after the party. You will probably stay a few more days in the accommodation. So, don't forget to take this into account too.
3. Emergency funds if unexpected things happen
Nobody wants something unexpected to happen, especially when they are going to hold a wedding. However, there are several examples of unexpected events that could arise.
If you choose the beach as a place to tie the knot, there is a possibility of sudden weather changes. These will affect your wedding as it has to be postponed until it is completely safe. It can take a short time but can also be quite long.
If you choose a national park, events such as large fires can cause the wedding to be postponed. This is due to the possibility of closing national parks for some time.
Postponing a wedding means additional costs for extending accommodation and other things.
Saving Money for Your Destination Wedding the Way You Want: the How-to and Some Tips to Follow
At Bank Jago, saving and managing your finances as you want is easier to realize as there are many choices of places to save and features that you can use as efficiently as possible. For your wedding, what saving methods and tips can you apply?
1. Create separate savings to prepare for wedding expenses using the Jago Pocket
In the Jago application you can create a large number of Pockets to manage various expenses and needs, including savings. Uniquely, each Pocket has its own account number. So, by creating a new Pocket, you already have another account. All Pockets (accounts) can be monitored simultaneously when you enter the Jago application. It's different from having lots of accounts at various banks, Jagoans.
Tip: because your Moneyfesting is a destination wedding and you need to save first, the most appropriate type of Jago Pocket for you is the Saving Pocket. Want to know more about what Moneyfesting is? Read the Moneyfesting article here.
2. You can also save money with your partner in a Jago Shared Pocket as a joint account
Instead of saving alone, it's more exciting and fun to save together with your partner. If you think the same thing, just the way you want it, in the Jago application you can create a Shared Pocket. This Shared Pocket will become a joint account with your partner until the funds are collected and you are ready to hold a destination wedding, an unforgettable moment in your life.
To create a Shared Pocket, create a Saving Pocket first then invite your partner to join. Of course, your partner must also have a Jago account so they can save together with you in the Shared Pocket.
Once your partner joins, the Shared Pocket you created will automatically appear in their Jago application. Next, just move the money into this Shared Pocket to save to achieve your goals. The balance in the Pocket will be updated automatically and can be seen in your and your partner’s Jago application.
Tip: to make it even more exciting, set a savings target together and see the progress of saving together whenever needed. Currently, only the owner of the Shared Pocket can set, edit and delete the Pocket’s target.
3. Secure funds for your wedding in Jago Term Deposit
Next, if you have accumulated enough savings for your wedding, you can choose to secure it in a deposit. The goal is not to use it for other needs.
To start saving in a Jago Term Deposit, all you have to do is create a Deposit Pocket. The process is very fast and easy in just a few clicks and filling in the required details. So, you don't need to take the time to stop by Bank Jago just to open a deposit.
Because a deposit that has been created cannot be added with more money until it matures, you can open another new deposit via the Jago application for your destination wedding needs. Save the money first in the Saving Pocket before moving it to the Jago Term Deposit.
Tip: If the destination wedding Moneyfesting still takes a long time (more than 1 year) to realize, you can choose the option to automatically extend the principal balance and deposit interest.
4. Save emergency funds, also in Jago Term Deposit
For emergency funds, you can also save in the Jago Term Deposit. Why are you saving emergency funds in a deposit? Doesn’t the disbursement process take quite some time? It can’t help since you need to use your emergency funds right away.
No need to worry because the Jago Term Deposit is different. You can withdraw your deposit whenever needed with a fast and hassle-free process. Select the deposit you want to disburse via the Jago application. The funds will be disbursed directly to the Main Pocket. Apart from that, you also don't need to pay any fees even if you withdraw your deposit before its maturity date. Just the way you want, right?
So, have you made up your mind to have a destination wedding? So that your Moneyfesting becomes a reality, start saving with Jago. Alone or together with your partner and the choice of where to save is all up to you to decide, just the way you want.
