After your wedding, the honeymoon is a great way to relax and enjoy your new life together. But honeymoons can be expensive. From flights to hotels, activities to meals, the costs can add up fast. The good news is that there are ways to finance your honeymoon even if you haven’t built a big enough savings pot. You don’t have to let the cost of a honeymoon hold you back from having the trip of your dreams. In this guide, we’ll share some of the best ways to pay for your honeymoon, so you can focus on having a great time. If you’re feeling concerned about managing wedding costs, it’s worth reading how rising wedding costs have led many couples to choose more intimate celebrations. 

How much does a honeymoon cost? 

The cost of a honeymoon depends on where you go, how long you stay, and what activities you want to do. On average, honeymoons can cost between £3,000 and £6,000. If you choose a luxury honeymoon in a far-off destination, the cost could be higher. If you go for a shorter, cheaper trip, it will cost less. It’s important to plan and decide how much you’re comfortable spending. 

What are the hidden costs of a honeymoon? 

While the big costs, like flights and hotels, are easy to see, there are other costs you might not think of. These hidden costs can add up, including: 

  • Dining and activities: Eating at restaurants, booking tours, and visiting local attractions can quickly add to your total. 
  • Travel insurance: Don’t forget to plan for travel insurance, which protects you in case of unexpected problems, like cancellations or emergencies. 
  • Currency exchange fees: If you’re travelling abroad, you might have to pay extra for changing money or for using your credit card. 
  • Tipping: In some countries, tipping is expected, so make sure you set aside some money for that. 

How to pay for your honeymoon 

There are many ways you can pay for your honeymoon, and the best choice depends on your financial situation. Here are some common ways to fund your trip: 

Savings 

The easiest way to pay for your honeymoon is by saving up in advance. Setting aside a fixed amount each month can help you cover the costs. It’s best to start saving several months, or even a year, before your wedding to make sure you have enough money without stressing. Having a special honeymoon savings account can help you stay on track with your goal. 

Travel reward credit cards 

If you have a credit card that gives you travel rewards,  use points or miles to reduce your honeymoon costs. Many cards offer rewards for everyday spending, which can add up over time. You can use these rewards to pay for flights or hotel stays, cutting down the amount of money you need to spend. 

Create honeymoon registries 

A popular option now is creating a honeymoon registry, where friends and family can contribute to your honeymoon fund instead of buying traditional gifts. Websites like Honeyfund or GoFundMe let you set up a registry where loved ones can donate towards your honeymoon. This is a great choice if you’re having a smaller wedding or want guests to help make your honeymoon special. 

Ask close friends and family 

If you’re comfortable with it, you can ask close friends and family to contribute to your honeymoon. They can give money or help pay for specific things like a special dinner or tour during your trip. Be clear with them about what you need, so everyone knows what you’re asking for. 

Apply for a loan 

If you can’t save enough or prefer not to use your savings, you can apply for a loan to cover your honeymoon costs. A personal loan can help you spread the cost over time, so you pay off the loan in smaller, manageable monthly payments instead of all at once. 

What loan would I need to pay for a honeymoon? 

Personal loans are common options when it comes to financing your honeymoon. These types of loans often offer lower interest rates than credit cards and can be used for almost anything. To get the best deal, make sure you compare rates and terms that work for your budget. Here are a few things to think about: 

  • Loan amount: Make sure the loan covers your honeymoon costs but isn’t more than you need. 
  • Interest rates: Personal loans usually have fixed interest rates, so you’ll know exactly how much you need to repay each month. 
  • Repayment terms: Find a loan with flexible repayment terms that suit your budget, so you can comfortably pay it off. 

Before applying for a loan, consider speaking with a broker who can help you find the right loan for your situation. You may have built up other unsecured debts in the lead-up to your wedding. A broker may recommend consolidating this borrowing into one loan using a homeowner loan to free up some of your monthly budget.  

Applying for a loan to pay for a honeymoon 

If you choose to apply for a loan, the process is fairly straightforward. Start by checking your credit score to see if you’re eligible. Lenders will usually look at your credit score, income, and ability to repay the loan. It’s important to borrow only what you can afford to pay back.  

Once you’ve chosen the right loan, speak with a broker, who can help you through the application, making sure you have all the documents you need and get the best deal. 

Conclusion 

Your honeymoon should be a fun and exciting time. Planning ahead and budgeting carefully will help you finance your dream trip without stress. Whether you’re saving, taking out a loan, or using another option, you can enjoy your honeymoon without worrying about finances. Take the time to look at your options and make the best choice for your budget.