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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 while we did a great job of staying within it, there were undoubtedly some concessions made along the way to keep costs 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 go down with your significant other and discuss the finances before discussing locations, dresses, 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). You’ll want to go through the following:

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?

Real Wood Wedding Stationery by Night Owl Paper Goods

APPROVAL OF THE AMOUNT It’s time to create the actual budget now that you and your partner have chosen how much money will be available. You don’t need to bother about categorizing it yet (e.g., $2,000 for the dress, $3,000 for the location, etc.). Knowing your whole budget will enable you to begin making appropriate plans.

You should do this initially in order to avoid wasting time contacting vendors that are obviously out of your pricing range. 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. Once it is taken care of, you can begin planning the money you will need to pay for the various wedding expenses. 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. Since it’s an instant download, you’ll have access to it right away after making a purchase.

setting a wedding budget

AVOIDANCE OF BUDS When creating a budget for your wedding, you’ll start to find that some services or goods are actually slightly (or significantly, let’s just be honest: I’m talking to you extra waiter who is assigned to serve 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 entered dangerous area.

A budget buster first happens once. You assure yourself that the rest of the wedding budget would be kept intact and that you will just 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 might have to make a sacrifice on the time or day of your wedding (since Fridays and Sundays are usually less expensive), but you’ll be glad you did once the big day is over because you won’t be faced with a mountain of expenses.

Keep the budget from getting too tight or overwhelming. Look, money is just one of those delicate topics that many of us find difficult to discuss. But if you notice that the wedding budget you set is getting too little or uncomfortable for you, make a pledge to talk to your partner. It’s better to work out the kinks in the middle and reassess the situation than to dig yourself a hole you can’t get out of.

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’m listening.

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