You’ve gotten engaged. Congrats!
Now it’s time to start planning. The first place you need to start isn’t by jumping on Pinterest & typing in weddings.
It’s planning a budget.
Before you can move forward with any wedding planning you need to figure out how much you can afford & are willing to pay.
If you’re a budget bride, don’t worry. You can still have a gorgeous wedding on a budget.
Here’s how to plan your wedding budget in just 5 steps.
Step 1: Checking The Bank
The cost of a wedding can be staggering. Some even totaling over $30,000.
Sit down with your fiancé & figure out how much you can spend on your wedding.
Take into account:
- What you have in savings
- Your regular monthly & daily expenses
- Gifted money or services from friends & family
- What you envision your wedding to be. Large & extravagant or small & chic?
Step 2: Estimate Your Guest Count
Why should you go ahead & figure out your guest count this far ahead?
Because you have to pay for each person in attendance. Whether it’s for food or for finding a venue large enough. You need to know what to expect.
Step 3: Figure Out Your Priorities
There will be 1 or 2 things that you know you won’t budge on. You may want a very specific dress or a specific wedding menu.
That’s fine. But that amount in the budget. Keep in mind that spending $2000 on a dress for a $5000 budget means that you may have to cut expenses in other places.
Or you & your fiancé may have “guest experience” as your priority. In that case you would focus more on food & entertainment.
Step 4: Account For Hidden Fees & Surprises
Remember a few years ago when almost every cell phone company had all those “no hidden fees” commercials?
Welp, a lot of wedding vendors didn’t see that. Some vendors charge extra for things that you may not consider.
You can ask about these fees upfront but sometimes a surprise is unavoidable.
It could be last minute wardrobe malfunctions or a lost shoe. Either way you need to budget for sudden surprises that way it won’t devastate your bank account to fix.
Step 5: Total It Up
Now that you’ve done steps 1-4, it’s time to do the math.
Does your budget work within your day to day life?
If yes, then great! It’s time to choose a wedding theme.
If no, then it’s time to find ways to save.
Either way it’s extremely important to remember that you’ve got to live after you get married.
It’s easy to get caught up in the glamour of weddings. But you have to consider what’s after the “I do’s”. You don’t want to be stuck in debt.
Tips For Wedding Budgets
- Start saving as soon as your engaged if not before.
- Open a specific bank account for your wedding. That way you can track your spending.
- Don’t be afraid to talk about who’s paying for what. If your parents have mentioned that they’ll help, ask them specifically how much.
- Limit your small spending habits in order to save more. For instance, you don’t have to go to Starbucks 3 times a day.
- It’s ok to eliminate small details from your wedding. Like save the dates, wedding favors, & 4 course formal meals.
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