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Budgeting for a Wedding (Realistically)

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A WEDDING BUDGET SETTING (REALISTICALLY) Let’s face it: weddings cost a lot of money!

Setting a wedding budget is my very first step in starting the preparation because of the financial consideration. (PS: This post is a great addition to my How to Plan a Wedding in 3 Months or Less series.)

Well, I know how much money I have, so I can just work out the rest later, you might be saying. Okay, I get that, but believe me when I say that when you plan your wedding, there will inevitably be some unforeseen costs. But seriously, I had a set spending limit in mind, and even though we did a great job of staying inside it, there were undoubtedly some concessions made along the way to keep things in line.

setting a wedding budget

Budgeting for a wedding: The Basics Your big day needs to be planned now that you’re engaged! You should get down with your significant other and go over the financial specifics before discussing locations, outfits, and anything else. This will offer you the chance to discuss money issues as a couple and to jointly share your financial problems and budgetary constraints (which is a huge thing in marriage). The following are some topics you should review:

Are any relatives chipping in toward the cost of the wedding? What is the highest amount you feel able to spend? Do you have any connections that could be able to lower costs? Do we need to put money aside for any upcoming costs? APPROVAL OF THE AMOUNT It’s time to create the budget now that you and your partner have established how much money will be available. Right now, you don’t need to worry about categorizing it (e.g., $2,000 for the outfit, $3,000 for the venue, etc.). Knowing your whole budget will enable you to begin making appropriate plans.

To avoid wasting time contacting merchants who are obviously out of your pricing range, you’ll want to do this first. Even while some vendors might not disclose their prices on their websites, you can frequently get a sense of how much they would cost by reading reviews or using The Knot (you can filter the results to only see vendors having $, $$, $$$, or $$$$ in their price range).

ACTUAL BUDGETING OF THE FUNDS So perhaps you now have a clear understanding of what your entire spending plan will be. Now that you’ve taken care of that, you can begin budgeting the money you’ll need to pay for the numerous wedding expenses you’ll incur. Making a wedding budget requires listing every expense you’ll have, from big-ticket goods to smaller, less expensive ones (trust me, those add up).

I have produced an wedding budget printable set that you can get on Etsy for just $2.75 to assist you. You will get immediate access to it following purchase because it is an instant download file!

setting a wedding budget

AVOIDANCE OF BUDS You’ll begin to discover that some goods or services are actually a little (or a lot, let’s just be honest…) more expensive than others while determining a wedding budget. I’m talking about you extra waiter who is tasked with serving at the buffet!) more expensive than you had anticipated. At this point, you have the choice of adjusting your budget by, say, subtracting extra funds from the cost of your wedding invitations, or you can fall into the category of what I like to refer to as a budget buster.

You’ve now stepped into some unsettling territory.

A budget buster first happens once. You promise yourself that the remainder of the wedding budget will remain intact and that you would only splurge a small amount.

Unfortunately, that doesn’t appear to happen very often.

Instead, one budget-busting expense leads to another, and before you know it, the entire budget-setting process for your wedding has been abandoned and you are drowning faster than you can swim.

Okay, so it might be a bit dramatic, but the issue with adding a little extra cash here and there is that you might quickly end up going thousands of dollars over budget.

Do yourself a favor and adhere to your first agreement. Yes, you may have to make a compromise—perhaps on the day or hour of the wedding because Fridays and Sundays are frequently less expensive—but you’ll be glad you did when the big day is over and you don’t have to worry about mounting debt.

AVOID MAKING THE BUDGET TOO TIGHT OR OVERWHELMING. Look, money is just one of those delicate topics that many of us find difficult to discuss. But if you’ll only make a pledge, please talk to your partner if you start to feel uneasy about the wedding budget you established. Before you dig yourself into a hole you can’t get out of, it is preferable to work out the details in the middle of the process and reassess the situation.

This article should assist you in deciding on a wedding budget that both you and your significant other will be content with. Do you have any more information to contribute or inquiries you would want to make? I have open ears.

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