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What Is Honeymoon Finance?
After the stress of your wedding, you will probably be dying to go on your honeymoon and spend some quality time with your partner, in full newlywed fashion. But with the costs piling up for your wedding, you may be feeling extra strain to scrape up enough cash for this very special occasion. Well, this is why honeymoon finance exists. Flexy Finance offers honeymoon loans that can be used for any costs related to your honeymoon.
Who Can Get Honeymoon Loans?
If you are getting married and are looking for affordable and flexible financing methods to go on your dream honeymoon, then Flexy Finance can provide you with the best honeymoon loans. However, before we go on, you should ensure that you can meet the following requirements to qualify for honeymoon finance:
Be over 18 years of age
Be an owner of a UK bank account
Possess a good credit rating
How To Save Money On Your Honeymoon How To Honeymoon On A Budget
Your honeymoon is going to be an experience that you remember for the rest of your life, so it’s important that you do it properly. But if you want to pull out all of the stops and make it as memorable as possible, it can also work out quite expensive. Still, you shouldn’t let this worry you - there are ways to go on an unforgettable trip without breaking the bank! Let’s take a look at some the ways you can save on your honeymoon.
1. Go all-inclusive!
Although the majority of all-inclusive holiday packages may appear to be the more expensive option, they could actually work out a lot cheaper than booking everything separately. What’s more, all-inclusive honeymoon packages usually offer a range of lavish accommodations, high-end wining and dining options, and are packed with several other exclusive perks that you can only enjoy exclusively as honeymooners.
Because all-inclusive holidays are payed up front, they can also help you stay within a fixed budget. This means that you can arrive to your honeymoon destination without having to worry about constantly checking your bank account.
Things such as food, drinks, activities, entertainment, and various other services will be included in your package, so your budget will not change, and you can focus on enjoying the experience without the accompanying money stresses!
2. Play the honeymoon card
Something as simple as just mentioning that you are on your honeymoon could gift you some niceties and cut down your honeymoon spend. I’m not saying that you have to shout it from the treetops, but by simply asking your hotel or travel agent if they can do anything extra for a couple of honeymooners, you might get lucky with a free flight upgrade or you may even receive some vouchers or gifts! It doesn’t hurt to try, right?
3. Have a destination wedding
The great thing about having a destination wedding is that you are able to combine two very expensive costs into one smaller, less expensive sum. On top of that, when you book a wedding package, it is likely that honeymoon extras are included as part of the bundle. This could mean that you may be granted a room upgrade, or an extended stay free of charge.
4. Avoid Peak Seasons
When deciding on your honeymoon location, you should prioritise going just before or just after the peak season. There will be massive price spikes during peak time, so you should aim to avoid this, and instead, benefit from going when there are less people around!
Before you worry about the weather being disappointing, there are several different holiday locations and islands that have consistently ideal temperature all year round, such as the Caribbean.
Apart from travelling in off seasons, there are also proven ‘off days’ that are usually better to travel in. Experts suggest travelling on Tuesdays and Wednesdays as rates are cheaper due to less people travelling.
Alternatives To Honeymoon Finance What Are My Options?
Many newlyweds will decide not to go on a honeymoon immediately after their wedding, or even at all. The reasoning behind it usually drills down to their finances. But Flexy Finance believes that everybody deserves the chance to experience a honeymoon; it is a central part of the wedding experience after all! So, if you and your partner want to continue your wedding experience and give yourselves the opportunity to celebrate in proper newlywed style, then we got your back. If you are still deciding on whether to take out honeymoon loans and want to keep your options open, then here are a few alternatives for you to consider.
Save money on wedding expenses
Sometimes we have to compromise and strike a balance. So, if you want to plan your wedding and honeymoon together then you have to ensure that you are saving up for both occasions simultaneously. And with the wedding coming first, it would mean having to make smart financial decisions in regard to your wedding planning.
These are a few tips and tricks that can help you do just that:
Choose your date and time carefully.
This detail can impact several different wedding expenses, from venue, catering, and even your photography and videography bills. It is no surprise that services charge the most when they are in demand, so you should always aim to book a date and time that aren’t as popular. For example, evening weddings on a Saturday in June or September time tend to be the most popular, and therefore, the most expensive. Why not book in less popular months like January, April, or November and opt for a morning ceremony on a weekday or a Sunday?
The main reason people avoid this is because they worry about their guests not being able to make a wedding during the week or on a Sunday. However, if you book it in advance enough, this shouldn’t be an issue. What’s more, airfare rates are usually cheaper during the week, so you could have your wedding on a Wednesday and leave for your honeymoon the day after! Affordable, convenient, and exciting- what more could you ask for?
Extend your engagement period.
With the average cost of a wedding in the UK shooting up by £487 from the previous year, people are staying engaged longer. The average engagement period now lasts around 20 months, giving couples a longer time to save up and make more informed decisions on their wedding. Give yourself as much time as you need – there is no rush. If you need a few more months to save up a little extra for your honeymoon, then you should do that.
Allow the help of friends and family.
Weddings require a lot of time and effort so more often than not you will get tons of family members and friends asking you if they can do anything to help. And instead of just being polite and trying to organise everything yourself, take them up on their offer. It’s likely that they can also save you a lot of money!
You can get friends to take photos instead of hiring a photographer and even get one of your family members to bake your wedding cake!
For some more budget-friendly wedding ideas, check out Hitched.
Splash out on your honeymoon later
This alternative gives you the best of both worlds. Why not take a “mini-moon” and do a short weekend city break so you can spend more time saving up and go on a proper honeymoon later on? You don’t even need to travel far – you can keep it simple and choose to unwind by booking a weekend spa trip and hiring out an apartment for the weekend.
Rewards credit cards
Rewards credit cards have several benefits and can be really helpful as a means to help pay for your honeymoon. They are different from regular credit cards in the sense that they offer incentives and ‘rewards’ depending on the amount of money that you spend on the card. So, generally, the more you spend on the card, the better the rewards.
There are various different rewards cards available, but they are usually split into the following three categories: cash, points, and miles. Miles rewards cards are probably the most relevant as they can be redeemed for flights. Still, there are also several other travel rewards credit cards that offer rewards such as free holidays.
A rewards credit card can allow you to pay for your wedding and give you the opportunity to accrue enough points to help pay for some of your honeymoon. The only downfall, however, is that you may not accrue enough to afford the whole of your trip and may need to combine this method with honeymoon loans. Check out Money.co.uk to compare some of the best travel rewards cards on the market.
If you are trying to save up for your honeymoon, then a great way to speed this up is to request cash gifts for your wedding. You might be surprised at how much you can receive! This is also a great way of escaping the accumulation of presents that you will never use and will receive more than once. Because, well, nobody needs two kettles!
Frequently Asked Questions FAQS
If you have worked your way through our guide, then I hope all your questions were answered. However, if you still have any lingering thoughts or questions then check out some of the frequently asked questions below regarding honeymoons and honeymoon finance below.
Can I get honeymoon loans with bad credit?
It may be more difficult to obtain honeymoon finance with bad credit. However, we work with a panel of lenders so there is an increased chance that you will be accepted for a loan. Still, the outcome is completely dependent on the lenders criteria.
What are the requirements for honeymoon finance?
If you are looking to receive honeymoon loans then you must be over the age of 18, have a good credit rating, and have a UK bank account.
How far in advance should I book my honeymoon?
You should aim to book your honeymoon at least 6-8 weeks prior to your holiday, but the earlier the better! This is particularly important if you want to book all-inclusive and want to take advantage of any discounts or deals!
I need honeymoon finance, but what exactly can I use it for?
Honeymoon loans with Flexy Finance can be used for any expenses related to honeymoons. So, whether you want to use it for flights and hotel or exclusively for accommodation, it is completely up to you – as long as we get to help you enjoy the honeymoon of your dreams!
What are the repayment terms for honeymoon loans?
We take pride in being flexible. This is why you can spread the cost over a period of 1-24 months.
My last name will be different when I go on my honeymoon. What name should I book the trip in?
All booking details should accurately match the details on your passport. So, the first and last name detailed on your passport should be the names that you book with.
Do I need travel insurance?
Travel insurance, also known as holiday insurance, is important. Travel insurance will cover you financially in the event that you need medical care abroad, and since accidents can happen, it is better to be safe than sorry.
I need honeymoon loans. How much can I borrow?
You can borrow anything between £100 to £5,000.
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