The Basics Of Creating A Wedding Budget

06 Oct The Basics Of Creating A Wedding Budget

The most important aspect of planning your wedding is creating a budget you can work with. This is the first step in turning your wedding day dreams into reality.

The first thing you need to do is determine exactly who is paying for the wedding. These days it is not uncommon for the parents of the bride and the parents of the groom to split the cost of the wedding. Many couples who want complete freedom in their wedding choices elect to pay for the day themselves. You won’t have any luck creating a budget until you know if anyone else is contributing to it.

When it comes to setting your budget chances are good that the most money needs to be allotted for the wedding and reception venue(s). In some cases, especially if money is an issue, you may need to look at potential venues before you can determine your chosen one. It is generally easier to stick to your wedding budget when you book your ceremony and reception at the same venue. Some venues may give you a slight discount if you rent them for the wedding and the reception. This is a decision that is best made while determining what your budget is.

Many couples will open a bank account specifically for wedding expenses. When you do this, it is easier to keep track of where all your money is going. If you need time to save up for your wedding, the ideal thing to do is to open a bank account at least one year before your wedding so that you can start making regular deposits into it while keeping your wedding budget money separate from the rest of your money.

One important aspect of creating your wedding budget is choosing the things that will be most important to you on your big day. If you have your heart set on a fancy wedding reception you may need to cut costs in areas such as décor for the wedding ceremony site. Swapping in less expensive items such as sparklers for your wedding reception instead of expensive confetti cannons can go a long way as well.

Your wedding budget is greatly affected by the day that you choose to have your wedding. If you insist on having a wedding on or near a holiday weekend you may find yourself having to shell out more money than you had budgeted for your wedding venue. One of the best ways to create a budget you can work with is to pick a date that will cost you less than other dates would.

If you are really stuck, talk to someone who has recently gotten married. They can likely give you tips on setting your wedding budget.  If these tips worked for them, chances are they will work for you too. A recently married couple may be able to point you towards items, services and vendors that can help you create a realistic budget that you can stick to without compromising the quality of your wedding day.

Creating a wedding budget you can work with is wise, and also much simpler than you probably imagine. Just be realistic and stick to your plan, and you can keep your wedding within the budget you’ve created.

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