7 Honeymoon Hacks That Will Save You Money

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

couple kissing on a beach

You might be too busy planning a wedding to remember that after you say “I do,” you get a nice vacation.

A honeymoon is the vacation you take as a newly married couple to relax and celebrate your union. But honeymoons can be expensive. Couples spend an average of $5,000 for a post-wedding week, according to travel website honeymoons.com.

You don’t need to spend a lot of money to have a great time. You can have a wonderful trip without breaking the bank. Here are seven ways to spend less and get more out of your honeymoon.

1. Try crowdfunding

When you’re thinking about what you want to do for your first trip as a married couple, consider enlisting the help of other people. If you don’t need a wedding registry full of things, ask people to contribute to a honeymoon fund instead.

There are a few sites, such as Honeyfund and Wanderable, that can help you plan a big honeymoon trip by crowdfunding. You also can look into YouCaring, which doesn’t charge platform fees like some other crowdfunding sites do. You can go on your dream honeymoon without having to pay for it all by yourself.

2. Stay stateside

Traveling the world is an amazing experience, but overseas flights and cruises can be costly. Sometimes, it’s better to stay closer to home.

Explore your own state or one you haven’t visited yet. If you’re landlocked, head to the coast. If you’re on the coast, explore the Midwest or South. There are plenty of luxurious honeymoons you can plan for cheap in the U.S. Visit state parks, theme parks, or even ballparks. Be versatile and open to new things — having fun on your honeymoon doesn’t mean you have to leave the country.

3. Skip the hotel

Hotels are nice and comfortable but can be pricey. Look for alternative lodging accommodations through sites such as Airbnb, VRBO, or HomeAway. You can book a house on the beach or a cabin in the woods.

Regardless of where you want to go, you have the opportunity to find lodging that’s cozier and comfier than hotels. Many people rent out homes that have full kitchens, washers, and dryers. You can save money on dining out if you make some meals yourself. Plus, if you can do some laundry on your trip, you won’t have to check a bag and pay baggage fees if you fly on an airline that charges such fees.

4. Use discounted gift cards

Online marketplaces such as Raise and Cardpool offer marked-down gift cards on airfare, lodging, dining, events, and more. You also can get gift cards for apparel stores or other shops, so if you need attire for your trip, you can stock up at a discount. These sites allow you buy a gift card at a discount, but you get its full value.

5. Travel during the off-season

Summer is a busy time for travel. Many families take holiday trips, and the warm weather gives everyone an excuse to be out and about. If your honeymoon is between Memorial Day and Labor Day, be prepared for more expensive fares. But if you travel during the off-season, you have the chance to get better deals on everything from airfare to lodging.

Aside from school breaks, spring and fall are busy times for families to be home, so those periods can be prime traveling times for you. Alternative travel could save you a bundle, especially if you’re vacationing overseas. Try to have an open mind about when you want to go on your honeymoon — maybe you can get married and have your big trip a few months later.

It’s important to keep in mind weather conditions no matter where you go. For example, if you’re heading to Florida or the Caribbean in September, be cautious of potential hurricanes during your trip.

6. Go on a ‘buddymoon’

Do you love your friends enough to take them on your honeymoon with you? Going on a “buddymoon” — or a honeymoon with your friends — might be a worthy investment. You might be able to save on lodging if you all chip in for a big house or a hotel room block. Large groups can get discounts on events and trips. So, if you like your friends enough to let them tag along, a buddymoon might be right for you.

7. Trim your wedding costs

If you’re in the beginning stages of your wedding planning and have the time to plan out a mega-honeymoon, there’s a chance you’ll need to cut expenses elsewhere, perhaps for the big day.

If you’d rather put more money toward your honeymoon instead of your wedding day, you can invest in the trip you want, not just the one you can afford. Consider the following options: a smaller venue with a pared-down guest list, a brunch instead of a dinner, or a DJ (or even a playlist) instead of a band. You might want to consider getting married on a weekday, when venues tend to be less expensive.

Honeymoons don’t have to be costly

As you figure out where you’ll go after you say “I do,” don’t let the cost of your honeymoon pull you down. You can have an unforgettable time while sticking to a budget. As long as you plan well beforehand, your dream trip can come true.

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1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Personal LoansFixed rates from 6.199% APR to 15.365% APR (with AutoPay). Variable rates from 6.145% APR to 14.685% APR (with AutoPay). SoFi rate ranges are current as of June 15, 2018 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 6.145% APR assumes current 1-month LIBOR rate of 1.97% plus 4.175% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  2. Terms and Conditions Apply:SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.49% – 19.49% (6.49% – 19.49% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.

* Important Disclosures for Upgrade Bank.

Upgrade Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.49% – 19.49% (6.49% – 19.49% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.
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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.