A distinguished wedding budget breakdown is very essential these days. It might be the least important aspect of wedding planning, but establishing and sticking to—a budget is one of the very important aspects to have a smooth wedding.
So how much should you spend on your wedding? And how much money should be dedicated to food, flowers, the wedding venue, are the other expenses that pop up? While there is no one-size-fits-all budget, there are some helpful guidelines to follow as you whip out your calculator. Here, there is a quick recap for planning out your wedding budget.
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6 Simple ways of Setting A Wedding Budget
To make it direct and simpler for you, we’ve broken the wedding budget planning process into 6 easy steps which are as follows -
1. Fix about who is contributing what amount of part -
It is very essential to have a clear view point about who will contribute what percentage. Even though it's a family thing, setting up an extensive budget is not welcomed by all. Make the first step in calculating your overall budget.
Knowing that money conversations can be super awkward, it’s a good idea to fix the wedding budget in advance.
2. Fix The Numbers
Once you have an idea of how much financial assistance you'll receive, focus on your own contribution. Estimate your personal wedding budget based on certain factors involved.
3. Have your guest list count
The wedding budget is pretty much based on guest count. The number of guests invited determines not only the size of your venue, but also how much food and beverages you'll have to provide, which predominantly holds the big part of the wedding budget. The guest count will generate the number of items you'll need to pay for, including invitations, table and chair rentals, cake slices, and wedding favors.
So, be strategic enough in this regard.
4. Choose Your Non-Negotiables
You and your groom will probably have differing opinions as to which wedding items are worth opting for. Sit down and dissolve your choices and tastes in decor, styling, cuisines and beverages. Prioritise your preferences!
5. Invest in a proper research
In weddings, there are multiple expenditures, both obvious and hidden, that you'll have to consider them before nailing down where your wedding budget will ultimately land. Work upon your costs and other expenditures while setting your wedding budget.
6. Do a reality check - the last step
After completing all the above mentioned 5 steps above, it's time to do a final reality check.
Ask yourself - Does your budget breakdown match the actual wedding budget?
Give a last recap and overview your wedding budget.
One must initiate the planning by deciding who will be the main person to take hold of the wedding finances. One should avoid the common pitfall of falling in the trap with everything over pricey. Start with a decent budget planning and jotting down of the expenditures and then begin exploring vendors within your price range, not the other way around.
Even the smallest things add up to the list of expenditures, which is one reason it’s wise to keep an additional miscellaneous fund. You may also decide that there are certain things that you may have to stretch your budget for, like an amazing DJ, or a top-notch videographer or a specific organiser of the events. Keep in mind that small additions add up big to the main budget.
Everything is negotiable to some point, so you can ask for quotations prior and have a good word with the vendors, plus you can choose a customized package that suits your budget.
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