Wedding Guide: How to Finance and Budget For Your Dream Day Chapter 12b: How to Save Money on your Honeymoon

Your honeymoon will most likely be the most memorable part of your wedding experience. Of course, you’ll want to make the romantic time alone with your spouse as amazing as possible. If you’re looking for how to save money on your honeymoon while still making sure it’s unforgettable, read on with this guide form Personal Loans Now.

Save money on your honeymoon - personal loans now
Learning Highlights
  • The average honeymoon costs £3,000.
  • The most popular beach honeymoon destination in 2016 was The Maldives
  • You can save money on your honeymoon by preparing well in advance
  • You can ask for honeymoon vouchers from guests instead of wedding gifts

Going Away for your Honeymoon

For those of you who have decided to have a destination wedding, the major advantage is you do not have to worry about planning the honeymoon since it is included in the average of £6,000-£7,000 you have already paid for the wedding.

The word ‘honeymoon’ comes from the tradition of drinking honey-flavoured mead or wine after the wedding ceremony until the next full moon.

For those of you who choose to have your wedding in the UK, you have to think carefully about whether you would like to go on a honeymoon. If so, how much your budget allows you to spend. This could depend on where you would like to go and for how long. The most common reasons given by newly-weds for going on a cheap honeymoon were that they needed to recover from the stress of planning the wedding, wanted to catch up on their sleep or to spend quality time with their partner.

Whatever your reasons, what are your choices when it comes to planning the honeymoon? And how can you make savings?

Save money on your honeymoon - personal loans now

A Beach Honeymoon

The most expensive option is to go on the traditional 2-week beach holiday to a sunny country or island. There has been a drop in the popularity of this type of honeymoon; in 2005, 80% of couples went abroad for a fortnight, but by 2015, this had dropped to only 38%. The most common reasons given were that they could not afford it after paying for the wedding (30%) or pressure of work meant they could not take so much time off work (20%).

The five most popular destinations for a beach-based honeymoon for couples from the UK for 2016-2017 were:
  • The Maldives
  • The Caribbean
  • Greece
  • Italy
  • Thailand

If you have your heart set on having this kind of honeymoon, there are ways to save money. First of all, if you are flexible about your dates and destination, then you can pick up a last-minute booking. This means you might not go immediately after the wedding. In fact, many couples choose to go on or around their first wedding anniversary so they have time to pay off the costs of the wedding and can save money for the honeymoon.

Some couples use airline miles or credit card points to reduce the cost of the flight. Like any flight, travelling mid-week can mean cheaper fares while you should avoid booking during the school summer holidays as prices tend to rise. Think about the high season of your destination. For example, bargains can be found to Greece at Easter while the British summer is the low season in the Caribbean.

Quick Facts
  • Destination weddings cost £6,000-£7,000 on average for a wedding and cheap honeymoon combined into one package.
  • You should look at your budget to decide how much you can afford considering the destination and the length of your stay.
  • The most expensive honeymoon is a 2-week beach holiday, and the most popular destination for newly-weds from the UK is the Maldives.
  • You can save money on your honeymoon by being flexible about dates and destination or by travelling mid-week or in the low season.

Mini-Moons – The Shorter Honeymoon

Whether it is because of professional or financial constraints, in the last 10 years there has been a dramatic increase in the number of newly-weds choosing to go on a ‘city break’ honeymoon or mini-moon of a week or even less. At 49% this is nearly half of all couples; 32% opting for a trip to a European city and 17% choosing to stay in the UK.

Like the beach holiday, you can find bargain prices online. Flights can also be partially paid by air miles or through credit card points. City breaks can give you more opportunities to find cheap accommodation. Basic half-board in a guest-house can save money on your honeymoon also give you the chance to discover inexpensive eateries which cater for the locals rather than charging tourist prices.

Save money on your honeymoon - personal loans now

Ways to Save Money on your Honeymoon

  1. Staying in the UK for your Honeymoon
  2. If you choose to stay in the UK, you can save money on your honeymoon accommodation by opting for a short holiday let in a cottage instead of paying for a hotel room. Prices are even lower if you book at least 12 months in advance. Self-catering is always more economical as it allows you to shop at the supermarket rather than eating out all the time. Also, another benefit of choosing to remain in the UK is you will save a fortune on travelling costs.

  3. Cash/Honeymoon Vouchers Instead Of Wedding Presents
  4. The increase in the average age of the bride and groom (up to an average of 8 years since 1973) and the fact that many have lived together before getting married means that they probably already possess a fully-equipped household. As a result, it comes as no surprise that many are less concerned with the wedding gifts they receive from their guests.

    save money on your honeymoon - personal loans now

    Therefore, another popular way for newly-weds to enjoy the honeymoon of their dreams – whether this is a beach holiday or a city break – is to ask for cash contributions from their wedding guests instead of a present. With the cost of the average wedding present around £50 and depending on the number of guests you have, this can be a considerable help towards the price of your trip and might even pay for the entire honeymoon.

  5. Using Wedding Presents
  6. In a recent survey, 82% of couples said that they thought it would be a good idea to ask for cash or honeymoon vouchers as wedding gifts.

    You might find that many people have a prejudice against giving money as a wedding present. It seems impersonal and not like a ‘real’ present. For this reason, honeymoon vouchers are becoming increasingly popular. In conjunction with the couple, tour operators organise a wedding package; gifts of varying amounts go towards paying for the flight, upgrading the accommodation, even excursions or other honeymoon activities. This system can be a valuable contribution towards your trip. Guests know exactly what they have paid for, so it feels more personalised.

FAQs on Honeymoons

What is the average price of a honeymoon for couples from the UK?
According to a survey in 2015, the average price of a honeymoon was around £3,000 although this amount depends on where you go. Alternatively, it was estimated to be 15% of their entire wedding budget.

How many couples from the UK do not go on a honeymoon?
In a survey conducted in 2015, 10% of newly-weds said that they did not go on a honeymoon. Even if you cannot afford to go anywhere, it is worth taking a few days off work to recover from the stress and fatigue of planning the wedding. If you really want to go away, looking at wedding loans online could help you.

Do couples spend more or less money on their honeymoons nowadays?
The tendency seems to be to spend less money. In today’s money, couples used to spend over £4,000 on their honeymoon (2005). So, there has been a drop of about 25%.

How do honeymoon vouchers work?
Online sites and High Street travel agencies do not operate the system in the same way, so it depends. The basic idea is these vouchers are redeemed against the cost of your honeymoon. If you have already paid, you receive a refund although this must be done within 7-14 days of your return.

What happens if I get more vouchers than the honeymoon cost?
It depends on who is operating your scheme. You could use the extra money to upgrade your accommodation if you wish or any other luxuries you would like. Tour operators will usually give you the surplus in the form of a banker’s cheque once you return. However, travel shops affiliated with department stores may give you the surplus in the form of vouchers for shopping.

save money on the honeymoon - personal loans now