Wedding Planning Advice
How To Set Your Wedding Budget
4th March 2020
Before you begin spending out on delicious tasting menus and floral bouquets that are bigger than your venue, it’s essential that you set a realistic wedding budget to ensure you have enough money to cover everything you need for your special day.
Read on to find out how to set your budget for your wedding and discover top tips on how to stick to it during your wedding planning.
1. Check if anyone else is contributing to your wedding budget
If your family or friends have said they want to chip in and help you pay for certain things on your wedding day, it’s essential you find out how much they are willing to give as you begin to calculate your overall budget.
2. Run the numbers
To work out your overall wedding budget, you need to calculate the following:
1) How much can you afford to spend (comfortably)
2) How much money can you and your fiance afford to save between now and your wedding day
3) If you have any, what savings can you comfortably pull into your budget?
4) What other money contributions (if any are you receiving)?
Add all this up and you’ll have a ballpark figure for your wedding budget.
3. Write a guest list
Now you have a rough budget in mind, it’s time to write a guest list. A large proportion of your wedding will be determined by guest numbers – size of venue, food, drink etc. and so it’s essential you have planned how many people you want to join you.
4. Choose non-negotiables
What one item is at the top of your priority list for your wedding day? Perhaps you want to pay for your parents to stay somewhere overnight? Perhaps you have a dream dress you have always wanted to buy?
Once you have decided on these, section a larger percentage of your budget to them – it will help you to see what’s left for other wedding items.
5. Do your research
6. Stick to your wedding budget!
It’s definitely easier said than done. But if you want to plan for your wedding without having the stress of going over your estimated spend, then it’s essential you do. If you end up going over on a certain area – perhaps your wedding videographer is incredible and a little over what you budgeted, then make the cutback elsewhere. There are always ways to remove costs from some areas of your wedding budget.
Stick to this, and you should hopefully have a well-budgeted and stress-free wedding plan.
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About The Author
Mike Savory is an award-winning Wedding Videographer from the UK.