• Your Wedding Budget

May 23, 2019

Be honest. How much can you really afford? One of the biggest mistakes couples make when they’re ready to begin planning their wedding is not creating a realistic wedding budget.

OK, maybe this isn’t the most fun topic to discuss. After all, no one likes a budget! But it’s really, really important to be realistic and truthful here. This isn’t the time to skirt around financials. So be candid with each other, and talk about the following:

  • How much can each of you contribute?
  • Will either of your parents be paying for anything? How much?
  • How many people would you like to attend?

While you need to know how much money you have to spend, it’s that last question which is really key. That’s because the number one factor that affects the budget, no matter how casual or fancy you want your event to be, is the number of guests attending. Make sure to decide on a ballpark number before you begin the actual planning process. Remember, more people equals more food and drinks. It also means more invitations and favors. ALL of which equals more money.

Keeping the number lower will allow you to save money, splurge a little more on the details, and you’ll be able to spend more time with each of your guests.

Having fewer guests may mean the difference between having an open bar or just serving a signature drink, beer, and wine. Or having the extra money for that expensive wedding gown that you fell in love with, or the live musicians for the ceremony.

Although it used to be tradition that the bride’s family pays for most of the wedding expenses, we’re seeing more brides and grooms paying for their own weddings. It’s even becoming common for the groom’s family to contribute financially.

No matter who is contributing financially or whether your budget is $10,000 or $100,000, a budget is needed to give you direction in your planning process. Once you decide on the overall style and theme of your wedding, your budget will define the choices you make and set the parameters of what you can and can’t do.

Once you know what kind of wedding you want, both of you need to make a separate wish list of the top 5 must-have items that you’d each really like to have at your wedding. It will also be helpful if you write down your “can do without” list. This way you’ll be able to decide which items you want to spend the most money on and where you’ll spend the least.

Sit down together and figure out YOUR priorities. Not what’s important to your mothers, fathers, relatives, or friends, but what is important to the TWO OF YOU! It’s very sad when a couple looks back on their wedding day and realize they made choices that didn’t suit them but suited someone else.

Seriously, it can happen!

I know, you’d rather be thinking about cake flavors, or choosing a color for the bridesmaids’ dresses. But you really have to set up a wedding budget that will suit your tastes…and wallet!

Just remember . . .  you don’t need to spend a fortune to have a beautiful and memorable wedding. Creating a realistic wedding budget and sticking to it will help you spend the money you do have wisely

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