8 tips on the budget for the wedding
Regardless of the resources available, the wedding can be a very expensive event and each couple should carefully choose the budget allocated for its accomplishment. I say “carefully” because otherwise it can become a stress factor and misunderstandings between partners could occur. If you don’t know where to start and how to plan your wedding budget, I am here to help you with some tips that I hope to be useful to you.
1. A general distribution of the budget allocation in the planning of the wedding would be the following:
Reception (location, food, beverages, rental): 40 – 50 %
Flowers and Décor: 10 – 15 %
Photo – Video Services: 10 %
The outfits of the bride and groom: 5 – 10 %
Music: 10 – 15 %
Wedding planner: 10 %
Miscellaneous (wedding favours, transportation etc): 5 – 10 %
2. My advice: Never get into debt in order to pay for a wedding. You may think that you will reimburse the money after the event, but you may get the unexpected surprise of not recovering the investment and then be unable to return the debt. I think you can organise an intimate party and wait for the big party until you’ve saved enough and reached a more consistent budget.
3. Don’t spend more than you planned for a particular segment unless you’ve narrowed it down from another segment or you’re very confident that you can cover that extra expense.
4. Don’t calculate the budget according to a smaller number of wedding guests Although in general, 5 – 10% will not honour the invitation, you may never know how all your guests have the pleasure of being with you in that special day. It’s better to take everyone into consideration when preparing your wedding budget.
5. If you have the heart set on a particular supplier, florist, or band, you should try to find out from the beginning of their fees. It is a preliminary planning step in which you will also need an estimated number of guests. The information received will give you the opportunity to estimate the cost of the desired wedding as accurately as possible.
6. Once you have set your total wedding budget, the next step is prioritizing. Maybe your priority is a fairy-tale decor, a breath-taking location, or special live music. Once you can determine your priority, you can also determine the segment that requires more money. As a couple, you might have different opinions, which is why it is important to communicate with each other and to finally agree, as partners, on this priority.
7. Many times your dreams can be much bigger than your pocket and unfortunately you have to lower your expectations. While it’s always hard to accept that you can’t have everything, there are a lot of creative ways to save money that doesn’t even show that you’ve saved any. So, don’t focus on what you can’t have, but better focus on what you can accomplish to fit into your wedding budget.
8. To stay within the budget set, you must be organized. Track expenses, write them on a paper, and always keep track when making a new investment. Although you may be tempted by the extensive offer of services and products in this area, keep your head on your shoulders and say NO to things you cannot afford.
An event planner can help you very much to have the wedding of your dreams in the available budget. It will segment your budget based on priorities and find the best solutions for you. For more information on how we can organise your wedding by taking into account your budget, Click here.
I hope you find these ideas helpful.