Once you've finished basking in the glow of engagement, you'll find it very hard to get anything accomplished without a detailed wedding budget. This will give you an outline of what you should spend on each item, so as to ensure you don't spend more than you intend to overall. Here's how to create a wedding budget that you can afford.
Who's Paying for the WeddingAlthough tradition says that the bride's parents pay for the whole thing, this is frequently untrue for today's couples.
There are several options:
- Parents can say that they are contributing a specific dollar amount, and then the couple decides on a wedding budget and makes up any difference themselves.
- Parents can say that they want to pay for specific items such as the bride's attire, the rehearsal dinner or the catering. The couple then has to figure out how to pay for everything else. You could use this article, Who Pays for What at a Wedding as a starting-off point.
- The couple can set a budget and then ask to split it evenly. This is particularly a good solution for divided families. For example, the couple, the mother of the bride, the father of the bride, and the groom's parents will each contribute $5000, for a total of a $20,000 wedding budget.
How Much Do You Really Need?Depending on your area, budgeting about $100 per wedding guest will give you a good start.
Figuring Out a Basic Wedding BudgetStart off by using a wedding budget planning worksheet to figure out the basics. If you already know some of the costs, such as the hall rental, put in the actual numbers, and adjust the other numbers to make up for it. You can ask other brides who have gotten married in your area what they spent on vendors to figure out if these numbers are realistic, or need to be adjusted.
Making Room for What Matters in Your Wedding BudgetPrioritize what's important to you, choosing 2 to 3 "most important" items.
Ways to Save on Your Wedding BudgetStart by looking through the budget and crossing off anything that you don't need. For example if you're having both the ceremony and reception at one location, you might not need to include transportation. Then read Ways to Save Money on Your Wedding. Use your contacts. Don't be afraid to ask recently married friends who they used and what they paid. Ask friends in the wedding industry to help you out, and give you a discount if possible. If the numbers still aren't working out, ask yourself what's really important to you. Perhaps it's better to have a small wedding now, and then renew your wedding vows in five or ten years when you can save for the big party.
Once you've set a budget, stick to it. It's easier said than done, but an important thing to do.