There is no other way to say it: weddings are expensive. Of course, there are varying degrees of “expensive” and you need to know where you and your partner fit in. For some, $30k may be too expensive. But for others, those with a smaller budget, $10k may be the top of their price range.
When it comes to your wedding budget you need to be accurate and informed. It is important to know how much money you have, while also being informed of the costs involved with planning a wedding. After all, if you think you will be paying $20/person but find this number to be closer to $50/person your budget is going to be busted soon enough.
When making a wedding budget the following tips should help:
1. As noted above, you have to sit down with your partner and decide once and for all how much money you can spend. If your budget is $15k so be it. No matter the number you need to know what it is so you can move forward with the planning process. Remember to include the money you have, as well as anything your and spouse’s parents will be contributing.
2. Once you begin to receive price quotes you may realize that your budget needs to change. There is nothing wrong with reworking your budget if something no longer makes sense. For example, you may have initially put $1k aside for a dress but find out soon enough that you need more money. In this case, you need to go back to the drawing board and rework your numbers. Chances are that your first budget is not going to be your last.
3. Leave room in your budget for unexpected expenses. If you know you can afford $15k try to budget for $14k so you have a “cushion” to fall back on if need be. Of course, if you never spend this extra $1k that is fine as well. No matter how well you plan there is sure to be something that sneaks up on you along the way.
4. Don’t include the best of everything in your wedding budget. Couples who need the best venue, the best flowers, the best cake, the best clothes, and so on usually find it difficult to stay under budget. Sure, you want your wedding to be nice but remember that you can make concessions in some areas so you can spend more in others.
For more information on making a wedding budget visit the “Your Wedding Budget” page at About.com. This includes a wedding budget worksheet with tips on how much to spend on each item, as well as information on how to stay on track.
Are you having a difficult time determining how much some items will cost? If so, and you want accurate information, you don’t have to look any further than TheKnot.com. This is one of the top wedding websites, and is full of wedding planning details while also featuring a message board, discount offers, and much more.
Remember, your wedding is supposed to be fun. Even though making and following a budget is important, be sure you do so while having a good time with your partner.