wedding

How to create a wedding budget

It can be overwhelming at first to sort out your wedding budget, but don’t worry; we’re here for you. Whether you’re dreaming of a luxurious hotel soiree or an intimate garden party, asking these key questions can help you determine how much you can pay to make it happen, make it unique and call it yours.

Communicate and talk about contributions:

Communication is vital: address who is going to pay for what with your parents. While the whole bill will still be picked up by some couples ‘ parents, some couples (10%, to be precise) tend to pay their expenses. For average, the bride’s parents fund 45 percent of the reception, the bride and groom spend 41 percent, and the groom’s hand accounts for 13 percent, according to The Knot 2017 Real Weddings Survey.

So how are you going to broach the topic? For many couples, the best way to have an open and productive discussion is to talk to each family separately.

Calculate how much you need for the wedding:

Just like buying shoes, an apartment, or a pair of jeans, you can decide how much you need to spend on what you want when it comes to financing a marriage. Depending on your interests and budget requirements, you’re going to want to consider what elements to focus your wedding — basically what to spend on and what to splurge on. And set your standards as needed. Here are some useful figures that give you an idea of how spouses usually divide their budget: a wedding’s national average price is $33,391 (excluding honeymoon).

How to save money for your wedding?

Set aside as much of your earnings as you can for the wedding as soon as you’re engaged An excellent, though difficult, target is to save 20 percent of your monthly income. The more you get involved, the more you can put away.

Ways to save: limit your spending to small things (renting movies instead of going to the theater; changing from a twice-a-day latte walk to once— or having your coffee at home; take the road for a jog and bike ride instead of attending pricey workout classes). These changes will hardly affect your quality of life, but after a year, the additional cash will help cover some essential wedding needs.

Depending on your area, you’ll get a good start from budgeting about $100 per wedding guest. It makes a catering head for $50, and the remaining $50 goes to all else — flowers, clothing, etc. Of course, if you have only ten visitors, with only $500, you might have trouble paying for everything else, but it’s a good starting point. The more guests, the more formal and lavish the wedding, this starting point fits with the general rule.

Start by using a worksheet on wedding budget planning to find out the basics. If you already know some of the expenses, like renting a room, add them in the actual numbers and change the other numbers to make up for them. You can ask other brides in your area that got married what they spent on vendors to find out if these numbers are realistic or need to be adjusted.

Get your priorities straight!

Prioritize what matters to you by choosing two or three “most important” things. In this process, filling out the wedding questionnaire for couples can help. You may want to have a great photographer, but you’re willing to look for a clothing deal. If you have a small wedding, a proportion of the cost will not be as high as the catering bill. To show your goals, you may change your budget numbers.

Save money!

Start by checking the plan and marking off anything you don’t want. For starters, you may not need to provide transportation if you have both the ceremony and reception in one place. Having a beautiful wedding on a budget is possible. Use the connections you have. Do not be afraid to ask recently married friends who they were using and what they were paying. Ask your married friends.

Keep the hidden cost in mind:

There are a lot of expenses that you will have to consider, both evident and hidden, before nailing down where your wedding budget will end up. You can’t often afford the wedding cake, for example, you’re required to pay a cutting fee. And you’re not just paying the rental fee for the venue; installation so breakdown fees may also apply. Then, you’ll be expected to tip a whole slew of vendors. Do you see where this is going?

Why wedding expenses are often blown out of the water is no surprise! Now, teach yourself on hidden costs— you’ll have fewer worries, and you’ll be able to stick closer to the bottom line.