Financing Your Wedding 101, By Yoma Victor

Financing Your Wedding 101, By Yoma Victor

By Yoma Victor | The Trent Voice on July 15, 2016
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partner breadwinner couple love kiss pregnant wedding

She sat there looking like she was lost – at least in my head she was. However, in reality, she was already ‘found’ .. but that was also part of the numerous thought in my head. I don’t know who had taken her but I had convinced myself that there was no way a lady as beautiful as her could be single. I kept thinking she can’t be single, lost or alone. How is that even possible? What about all the men who had seen here before me?

As I wandered off in my thoughts, the footsteps of our course facilitator brought me back to reality. Our leadership training kicked off but that still didn’t knock her off my thoughts. In the course of training, the facilitator asked a question and after two other people couldn’t handle it, I answered. As soon as I was done, he looked at me and asked ‘Did you read my notes? Did you know my thoughts? How did you answer that so excellently?‘. As the closed room adulation of our trainer and my classmates continued, I could clearly see hints of admiration from you-now-know-who; I do not know how  but I think generally, most women love a fine, bright guy.

One thing led to another and before you knew it, a new couple had emerged from the ‘ashes’ of a leadership training programme. Do not despise the seemingly unimportant settings. Don’t be there dreaming you have to compulsory meet her in a romantic some place followed by some Disney-themed timeline. Not everyone gets a dreamy destination hook up. She just might be waiting for you at the vulcaniser’s or inside a danfo or at the buka behind your work place – selling the food. The ways of the Lord are past finding out my people. Anyways, back to love things before I run off too far.

One year down the line, marriage has become the goal, parents have been met, introduction done, list of requirements received, the prospective couple are sitting looking at each other and as a gentleman extraordinaire, brother isn’t planning to burden the sister financially – na there matter come dey. How will this small expensive Nigerian wedding be funded? The budgeted expense is winning the battle between itself and brother’s savings and that doesn’t even include unbudgeted expenses. The sweet matter of marriage is now generating bitter tastes here and there, straining the main matter of love.

One issue in Africa that has been raised is that people will give you money for your wedding, but won’t have money on offer when you want to launch a business. Somehow in Africa, people will buy enough liquor when you want to party, but won’t release a dime when you want to embark on your dream project. Is this a bad thing? I don’t know about you but I think it is great! Every situation provides opportunity for innovation. I have found the way to raise the marriage funds and leave the sweet couple debt-free.

Approach Your Wedding Like A Business 

Get a business plan for your wedding, do the SWOT analysis, establish the core market (immediate family) you are serving and then the general market (friends of friends or friends and their friends) that will come and chop, clean mouth and go home without dropping gift or money. Ensure your budget has a ‘Plan B’, ‘Plan C’ and ‘Plan D’. Ensure that you factor in exchange rate fluctuations and the price of things like fuel and tomato. Do not forget the branding, etc.

Armed with this well packaged business plan (I can do this for you at an affordable fee), you then go out for marketing. The most important part of this endeavor. Since they are ready to pump money into your wedding, you might as well be a businessman about it. Plan to spend 30 – 50% of the funds raised for execution, because you need to use the other 50% for honeymoon, running costs of the new home and investment to ensure the school fees of the soon coming kids are paid for. I think it is very unwise to spend money and hope that on the d-day, guests will spray money that will cover your expenses. See, you will have more fun that day if you follow my plan. It saved the couple above. Guys, what do you think? Let’s go make greatness happen!

Yoma Victor is a the co-founder of TravelBay and a wealth and lifestyle consultant at A2W International. You can connect with him on Twitter. He is one of the founding member of The Trent Voices.

The opinions expressed in this article are solely those of the author. 

1 COMMENT

  1. This is a wonderful article and i love what was said above “Approach Your Wedding Like A Business” . Moreover, i advice young men planning for their wedding never to borrow hoping to recover the amount borrowed from gifts. They should plan their wedding based on the available fund.

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