Wedding Week: Post 1: Budget

How to choose a budget for your wedding? How to stick to your budget? What is realistic? Who contributes? The list goes on and on...but just remember to be flexible, ask questions, and remember that it is just one day!

Starting the budgeting process:

  • Make a list of what is most important to you: Talk to other friends that have gotten married and get their advice, talk to your groom (it's important to both be on the same page), and ask both sets of partents - although this can be a daunting task - it's better to get everyone on the same page from the beginning - it will avoid rifts as the process moves along.
  • Set the budget: Determine what is realistic & stick to it.
  • Check Ins: Have regular check-ins on the budget - see if you have over spent in some areas and have to cut back in others.
  • Estimates: When choosing a venue, caterer, florist, wedding planner, etc. get various quotes - find one that fits with your budget and be flexible.

Overall, when planning your wedding - be creative. Don't just go in a direction because it costs more. We have all see Rich Bride Poor Bride and sat there and thought - "that couple is crazy!" - don't let that be you! Make your wedding uniquely you - it's always the little details people remember - not the name of the venue your wedding was hosted at.

A few more tips:

  • Put all deposits on credit card - makes transactions easier to track
  • Start a bidding war - seek various estimates from vendors --they may lower their price to get your business
  • Allocate your money wisely - don't spend it all in the beginning
  • Don't forget to include your honeymoon in your budgeting process
  • Only look at venues that fit your budget (this goes for all vendors)
  • The average cost of a wedding these days is $20,000 - and the majority of this budget is spent on the reception, rings, and attire

Let the number crunching begin!