Average Honeymoon Costs in 2023: Tips for Funding Your Honeymoon
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
How Much Does a Honeymoon Typically Cost?
Airfare Accommodations Rental car Experiences and excursions Sightseeing Food and drinks Shopping Passports Other travel-related fees
Factors That Can Influence the Cost of a Honeymoon
Length of Trip
Amount of People
5 Tips for Lowering the Cost of a Honeymoon
1. Set up a Honeymoon Savings Fund
2. Plan Early
3. Travel During the Off-Season
4. Find an All-Inclusive Package
5. Leverage Your Credit Card Rewards
How Can You Cover the Cost of a Honeymoon?
Honeymoon registry. Instead of creating a gift registry, websites like Honeyfund and Zola let you create honeymoon expense categories that your guests can contribute to. Cash wedding gifts. Use the money you get as gifts for your wedding to help pay for your honeymoon. Savings fund. Take the money you’ve saved and use it to book your trip. But don’t wipe out your entire savings account. You’ll want to leave yourself a cushion, should you need it. Credit cards. Putting your honeymoon expenses on your credit card can be convenient. And if you use a rewards card, the money you spend can help you earn points you can later redeem. Just make sure that you can afford to pay off the credit card expense as soon as possible so you don’t end up paying too much in interest. Personal loan. You can also pay for your honeymoon with a personal loan. Here’s how personal loans work: They provide you with money that you can use for your honeymoon, and you pay it back regularly and over time. There are different personal loan types, including vacation loans that may be right for you. Be sure to review the loan requirements and the interest you might have to pay in order to choose a loan that works for you.
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