Being a Bridesmaid on a Budget

The Illinois CPA Society Offers Advice for Surviving Wedding Party Season with Your Finances Intact

CHICAGO, July 14 /PRNewswire-USNewswire/ -- With wedding season in full swing, many people find themselves attending numerous weddings and even being in more than one bridal party. If your invitations haven't stopped coming, keep in mind that the festivities are not just a party, but the celebration of a marriage. Follow these tips from the Illinois CPA Society for protecting yourself and your budget from bridezillas and out-of-line grooms.

Know your limits. As difficult as it may be to say no, if you've already committed to being a part of three wedding parties this season and you can't afford one more, turn down the offer.  Express to the bride and groom that you're honored to be asked, but that you can't afford the commitment.  

Realistically budget.  The worst thing you can do for yourself is underestimate how much the dress or tux may cost, as well as all of the trimmings -- gifts, parties and showers.  Find an amount that you're comfortable with and stick to it as best you can.  It's better to reserve more money then you may end up needing for big ticket items, and don't be afraid to ask if other bridal party members want to split the cost of gifts or parties.  

Negotiate.  If you feel comfortable haggling with the bride and groom, go for it. Can't afford the $300 a night hotel room right next door to the reception site?  Opt for the cheaper hotel five minutes away.  Live in a great city nearby?  Suggest the bachelor or bachelorette party takes place there.  There's nothing wrong with looking out for your finances as long as you're not encroaching on the happy couple's wants.

Stay Positive.  Nothing can make you feel worse than obsessing over what you're spending.  Never lose sight of the fact that the happy couple needs your friendship and support now and in the future.  And those things are free.

At the end of the day, keep in mind that all of these purchases lead up to a day that your friend will never forget. You'll be able to enjoy the day yourself, too, if you keep spending in check.

About the Illinois CPA Society

The Illinois CPA Society, founded in 1903, is the fifth largest state CPA Society in the nation, with more than 24,000 members. It is the premier professional organization that represents CPAs in Illinois. During its over 100 years of existence, the Society has advanced the highest ethical and financial standards of the profession, and has been a leader in educating the public on financial issues.

SOURCE Illinois CPA Society