Marriage planning calculator
Plan Your Dream Wedding Without Financial Stress
A wedding is one of the most cherished milestones in life, but the rising costs of Indian weddings—especially destination weddings—require careful financial planning. Whether you’re a parent saving for your child’s big day or a couple financing your wedding, starting early is the key to stress-free celebrations.
Why Plan Early?
Weddings today come with significant expenses, including luxury venues, designer outfits, catering, and décor.
Cost Escalation:
Studies show that the average cost of an Indian destination wedding is between ₹2-7 crores, depending on the location, scale, and customization.Examples:
A high-end destination wedding in Jaipur or Udaipur can cost ₹3-5 crores.
International weddings in locations like Bali or Italy often exceed ₹7 crores.
Inflation Impact:
Wedding costs are increasing at an annual rate of 8-10%. A wedding budget planned today will require significantly more funds in the future.Leverage Compounding:
Early savings allow your investments to grow exponentially through compounding, reducing the financial burden closer to the wedding date.
What is a Marriage Planning Calculator?
A Marriage Planning Calculator is a tool that helps couples figure out how much money they need for their wedding.
It considers various factors such as venue costs, catering, decor, photography, and other wedding-related expenses, giving a complete picture of your wedding budget.
It helps couples save money in an organized way for their special day by showing a clear list of possible costs.
How to Use a Marriage Planning Calculator
Now that you know the benefits, let’s walk through the steps of using the tool.
Input Total Wedding Budget: Start by entering your estimated total budget for the wedding.
Add Wedding Categories: The calculator will ask for details of major wedding categories such as venue, catering, decorations, and photography. Input the expected costs for each category.
Adjust for Customization: Add any specific costs related to personal preferences like attire, entertainment, or travel arrangements.
Review and Plan: The calculator will display a summary, showing how much you need to save each month, leading up to your wedding date.
Use our Marriage Calculator to project the costs of your dream wedding and create a personalized savings plan.
Benefits of Using a Marriage Planning Calculator
Using a Marriage Planning Calculator offers several advantages.
Accurate Budgeting: The calculator helps plan a wedding budget adequately by including all of the important costs and removing uncertainty.
Saves Time: It helps you save time by providing a quick estimate of how much money you need to save for your wedding. You don’t have to look up and calculate each expense by yourself.
Saves on Excessive Expenditure: With a budget in place, it becomes easy for couples not to spend mindlessly.
Goal Setting: It allows couples to set realistic saving goals and make informed decisions based on their financial situation.
How to Save for a Wedding
Invest in SIPs (Systematic Investment Plans):
SIPs in equity mutual funds are ideal for long-term goals like a wedding 5-10 years away. They offer inflation-beating returns of 10-12%.
Diversify Your Portfolio:
Short-Term Goals (1-3 Years): Opt for debt mutual funds or fixed deposits for safety.
Medium to Long-Term Goals (4-10 Years): Consider balanced advantage funds or hybrid mutual funds.
Create a Dedicated Wedding Fund:
Open a separate account for wedding savings to ensure the funds aren’t diverted elsewhere.
Real-Life Example
Mr & Mrs Singh decided on a destination wedding in Udaipur for their daughter, their estimated cost was ₹4 crores. By starting SIPs of ₹50,000 monthly in equity funds 10 years prior, they accumulated ₹1.2 crores. The rest was managed through short-term fixed deposits opened three years before the wedding. Their early planning avoided any financial stress and loans.
How Moat Wealth Can Help
Tailored Investment Strategies:
We design investment plans that align with your wedding timeline and budget, ensuring steady growth.Fund Recommendations:
Our experts help you choose high-performing funds for both short-term safety and long-term growth.Goal Tracking:
We provide regular updates and adjust your investments to meet evolving wedding plans and costs.
Conclusion
A Marriage Planning Calculator is a must-have for parents or couples who want to ensure that their wedding stays within budget without compromising on their dream day. By using this tool, you can have peace of mind knowing that you are financially prepared for your big day while avoiding any last-minute surprises.
Get started today with our Marriage Calculator and expert planning tools to make your dream wedding a reality. Call NOW