How to plan the budget for your wedding?

How to plan the budget for your wedding?

Organizing a wedding often represents a significant financial investment for a couple and their family. You have to plan the budget carefully. There careful planning of such a budget is therefore essential from the first preparations. It is recommended to start by establishing an exhaustive list of all expense items: room rental, caterer, wedding dress, costume, photographer, florist, musical entertainment, invitations, wedding rings and other jewelry, wedding night, travel weddings, etc.

Then, it is appropriate to prioritize these different positions and allocate a budget envelope to them, according to your possibilities and desires, but also the number of guests. Certain elements like the dress or the caterer can quickly add up to the bill. Arbitrations are therefore necessary.

Several months before the fateful date, the couple can start saving a small amount each month. Discussion with loved ones (parents, witnesses) can also help clarify who contributes and to what extent to the expenses.

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Thanks to this advance planning, it is possible to calmly close the budget and take full advantage of the D-Day, by having well distributed the costs between the newlyweds and their families.

🥀 Determine who will contribute to your wedding and limit guests

Start by deciding who will contribute for your wedding. The old tradition that the bride's parents must cover the entire bill is no longer bridal canon. Both families often participate, and the bride and groom often help too. Ask all parties involved how much they are able to contribute and you will get your bottom line.

Also consider limiting your guests. You might be tempted to make a guest list as long as the royal wedding, but think of it this way: every guest is an expense. It sounds harsh, but it's true! With each addition to your guest list, you only increase the overall cost of your wedding.

🥀 Establish a wedding budget first

Avoid the common trap of falling in love with an expensive location, a dream dress and an over-the-top cake before talking about the numbers. Start with a budget, then start exploring vendors in your price range, not the other way around.

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However, if you find that your budget and wedding plans are completely off the mark, it's time to discuss the reality of how far the money will go and adjust the budget or expectations accordingly. But never break the cardinal rule: don't break your crate. A lavish wedding is beautiful, but even more beautiful starts married life with a healthy savings account.

If your wedding celebration site is consuming almost half of the budget, then consider plan B. Why not reduce that by using your home, a relative's house, or a public park? An outdoor ceremony and reception in a place with personal meaning eliminates the need for an elaborate and overdone venue.

If you decide for an outdoor event, make sure you have a good plan in case of force majeure. Rain or even extreme heat can put a damper on your day, so just make sure you have a plan B handy.

🥀 Categorize your wedding budget by percentage.

Now that you know what you're working with, it's time to take a macro look at how it translates into each heading of your wedding. While there are no hard and fast rules on how much you should spend on each category, there are some general guidelines that can help steer you off course.

plan the budget

First, give your budget a break. Unforeseen expenses arise, so be aware that your budget will change throughout the planning process. Take these surprises into account by putting a little cushion. This way, you have the flexibility to manage any unexpected expenses.

A wedding is a huge event to plan. It is therefore useful to know what you can get for a certain amount. For example what does $5 get you? $000? $10?

Here are some sample budget breakdowns for weddings ranging from $100 to $30 and some suggestions on how to achieve them.

The town hall wedding

If your budget is $500, you could spend your money like this:

  • Venue: $25 to $100 (depending on your state) for a short ceremony at City Hall, officiant included
  • Food and drinks: $250 for lunch for a group of 10 close friends
  • Outfit: $150 for a dress; $0 for a costume you already own
  • Flowers and decorations: $50 for a dozen roses
  • Photography: $0 for a talented friend

The rustic wedding

If your budget is $7, you could spend your money like this:

  • Venue: $2 for tables, chairs, linens and bridal suite
  • Food and beverages: $1 for appetizers and beverages
  • Dress code: $500 for a dress; $200 for a tuxedo rental
  • Flowers and decorations: $400 for DIY bouquets, centerpieces and lighting
  • Wedding Planner: $0 for a friend who offers their talents as a wedding gift
  • Photography: $2
  • Entertainment: $75 for speaker rental; $0 for a good playlist
  • Dessert: $0, DIY dessert table with dishes provided by friends and family
  • Invitations: $130, DIY

Gathering at the museum or art gallery

If your budget is $12, you could spend your money like this:

  • Hall and full catering: $8 for tables, chairs, linens, food, drinks and staff
  • Dress code: $200 for a dress; $0 for a costume you already own
  • Flowers and decorations: $800 for the rental of light fixtures and DIY bouquets and centerpieces
  • Wedding Planner: $600 for the minimum hour
  • Photography: $1
  • Entertainment: $750 for a DJ
  • Dessert: $400 for a cake
  • Invitations: $100, DIY
plan the budget

The elegant loft wedding

If your budget is $21, you could spend your money like this:

  • Full-service venue and catering: $12 for tables, chairs, linens, food, beverages and staff for 000 guests.
  • Dress code: $800 for a dress; $200 for a tuxedo rental
  • Flowers and decorations: $1
  • Wedding Planner: $3 to help with details before and on the wedding day
  • Photography: $2
  • Entertainment: $1 for a DJ
  • Dessert: $275 for a cake
  • Invitations: $200 from Etsy

Church Ceremony with Ballroom Reception Blowout

If your budget is $30, you could spend your money like this:

  • Church rental: $400
  • Hall and full catering service: $15 for tables, chairs, linens, food, beverages and staff
  • Dress code: $1 for a dress; $000 for a tuxedo rental
  • Flowers and decorations: $2 for bouquets, centerpieces, other arrangements and lighting
  • Wedding Planner: $4 for a full-service planner
  • Photography: $2 for a leading professional photographer and assistant
  • Entertainment: $4 for a live orchestra
  • Dessert: $500 for a cake
  • Invites: $200

🥀 Beware of hidden wedding fees.

Even the little things seriously add up, which is one reason why it's wise to keep a fund. various » which represents around 5% of the overall budget.

Here are some common items that brides might not consider in advance: beauty treatments, bachelorette party, marriage license, hotel room the night before, welcome bags, vendor meals, etc. .

Tips are a big, often overlooked expense to consider upfront in every category. While many tips are built into vendor contracts, some are not.

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Be careful and be prepared to tip everyone from musicians ($15-20 per person) to hairstylists (15-25%). If your celebrant doesn't accept a tip, donate to their church instead. Celebrants should also receive a thank you gift.

At this point, you may decide that there are certain things you want to stretch your budget for – that amazing DJ your friends have hired or a top-notch videographer. Or your parents might find they can't stomach a wedding without an open bar for the entire event and are willing to foot the extra bill. Remember that small additions add up quickly.

🥀 Stay organized and track your wedding expenses

Do yourself a favor and immediately create a Google Doc spreadsheet to track your wedding budget. Start by breaking down your estimated costs for each category to provide a template when contacting vendors.

plan the budget

Every time you sign a contract or send a payment, record the actual cost so you always know how close you are to your bottom line. Share the document with your fiance and consider sharing it with family members who help pay for the wedding if it helps streamline the process.

🥀 Don't be afraid to negotiate with your different suppliers

Everything is negotiable. Many providers will be willing to work with you to customize a package that suits your budget. Let's say you've fallen head over heels in love with a florist but their minimum package exceeds your floral budget. Be upfront and honest, let her know how much you love her designs, but you only have a certain amount to work with.

Chances are the florist will work with you to tailor a package to your budget. The same goes for other providers. You could, for example, save money on photography if you agree to have one photographer less, or a few hours less, and so on.

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If you have a good attitude and are flexible, you can probably find something with any provider. Offering to pay in full and up front won't hurt either.

🥀 En conclusion

Remember that your marriage is about both of you. And it will last much longer than a day of celebration. Through all the hype of wedding planning, remember not to lose sight of what really matters.

Spending a ton of money on your wedding day won't prove your love for each other, but it can leave you with an empty bank account. It is entirely possible to organize an economical, beautiful, elegant and affordable wedding! The most important thing is to have good control of your personal finances. To do this, here is premium training that will help you master your finances. Above all, also think about inflation.

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