What Are Hidden Costs of a Wedding?

Posted on Wednesday, December 18th, 2024 | By IndusInd Bank

Indian weddings are an experience like no other – full of joy, ceremonies, delicious food, people intermingling with each other, and so much more. However, to make a wedding grand and memorable is no small feat. Many couples spend months planning their big day and sorting out their wedding expenses. 

However, despite much preparation, one may overlook certain hidden costs that can stretch the budget. From last-minute guests to outfit alterations, these unexpected wedding expenses can catch you off guard. Here’s a guide to help you.

Wedding Expenses You May Overlook in Your Budget

Here are some hidden costs that could impact your wedding budget:

1. Taxes and Service Charges

You may have a clear idea of the base cost for catering, venue rentals, and other services. However, taxes and service charges may not be included in the initial quote. In India, these can add up quickly, with GST and service charges sometimes increasing the total cost by 10-18%. Ensure to factor these costs into your marriage expenses list to avoid a last-minute budget increase.

2. Post Charges for Invitations

Many people forget to account for the cost of postage when sending out physical wedding invitations. This is especially relevant if you are inviting a large number of guests from distant places. Also, consider the cost of sending thank-you cards after the wedding, as those also add to your wedding expenses.

3. Additional Vendor Fees

Vendor contracts often come with hidden fees that may not seem obvious at first. For example, if your wedding extends past a certain hour, you might be charged overtime fees for the photographer, videographer, or DJ.

4. Pre-Wedding Events

Events like engagement parties and bridal showers are all part of the wedding celebrations. However, since they may not be a part of the main event, some may overlook adding their costs to the overall marriage expenses list. These costs can quickly become expensive if not planned with care.

5. Unexpected Guests

There is always a chance that additional guests will show up at the wedding. It may be a plus-one you thought may not come or a family friend who shows up unannounced. Irrespective, you will need to adjust for the extra food and seating for these guests. Such last-minute adjustments can lead to unexpected marriage expenses.

6. Alterations and Fittings

You may have planned the perfect outfit. However, chances are it will require alterations before it becomes the outfit you had envisioned. Hence, consider the alterations for the bride’s wedding dress and the groom’s suit when creating your marriage expenses list.

7. Tips for Vendors

Your marriage expenses list may include the base cost of hiring vendors. However, many couples forget to budget for tipping. In Indian weddings, it is often customary and considered auspicious to tip the staff. These tips, though small, can accumulate to a significant amount.

When hidden marriage expenses start piling up, they can lead to stress and financial strain. One effective way to cover these unplanned costs is by opting for an instant personal loan.

Ideal Solution for Unexpected Wedding Expenses – A Personal Loan

Here’s how a personal loan can help you manage your wedding expenses with ease:

 1. Instant Funds for Last-Minute Expenses

An instant personal loan offers immediate access to funds. This can be useful when tackling last-minute marriage expenses, such as unexpected guests or vendor fees.

2. Loan Amounts that Suit Your Needs

With personal loans, you can borrow as much or as little as you need. With IndusInd Bank, for instance, you can borrow in a range of ₹30,000 to ₹50 lakhs.

3. Easy Repayment

With a personal loan, you can spread the cost of unexpected expenses over several months or years. This helps you reduce the immediate financial burden.

A personal loan EMI calculator can help you get an estimate of EMIs to help you plan your repayment with ease.

4. No Collateral Needed

A personal loan for wedding expenses is often unsecured, meaning you do not need to put up any collateral like property or gold.

Also Read: Are Wedding Loans a Pathway to realising your dream Wedding?

Conclusion

Weddings are beautiful but costly affairs, and hidden wedding expenses can quickly spiral out of control if you are not prepared. A personal loan can help you manage these costs without sacrificing on anything on your special day. 

If you are facing unexpected marriage expenses, consider applying for an Instant Personal Loan from IndusInd Bank. With quick approvals, flexible repayment terms, and competitive interest rates, you can easily cover your wedding expenses and enjoy a stress-free celebration. Apply now for an Instant Personal Loan from IndusInd Bank!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.