Posted on: May 17, 2022 Posted by: admin Comments: 0

It is important to create (and stick to) a budget. Planning a wedding can be difficult because it is so hard to plan. The budget you choose for your wedding will impact everything from the guest list to the choice of suppliers and even your floral arrangements. It can be a huge responsibility and a lot of pressure to do it right.

Many brides are struggling to manage their wedding budgets. We have seen many of these common mistakes, but they can be easily corrected. Please keep reading to learn how to avoid making costly mistakes in your wedding budget and our top tips for what to do instead.

You can create estimates without doing the research.

It’s a good idea to estimate each element of your wedding before you start to make your wedding budget. It is helpful to know the approximate costs of each supplier, from the venue hire fee to the on-the-day coordinator. This is a big mistake. You could end up underestimating the costs and with a lot of stress once the quotes are received.

Instead: Do your research before you create any supplier estimates. This will ensure that you are accurate in your costs. It would be best if you got a rough estimate of the cost of each supplier that you may need. You can get a better idea of the cost for 2-3 suppliers in each category. This will allow you to create a realistic budget.

The Guest List is not under your control.

Your guest list will determine how much you can spend on your wedding. Every guest adds an extra cost for food, drink and equipment rental. It is important not to create a budget before finalizing your guest list. A 70-person wedding costs will be significantly more than a 90-person wedding. The numbers add up.

Another mistake you can avoid is not controlling your guest list before the big day. After your invitations are sent, guests might request to bring their children, plus one, or relatives. We all love to accommodate others, but it will ruin your budget if you refuse to grant last-minute requests because you feel obliged.

Instead, use our tips to create your wedding guest list and follow through! If you can’t afford to invite someone who doesn’t play a significant role in your life or distant relatives, don’t feel pressured. It’s your day!

Budgeting Miscellaneous Expenses is not a good idea.

If you ask any newly married couple, the answer is a resounding “Yes!” You will be surprised at how many additional fees you’ll have to pay, including after-hours packing and rubbish removal fees. Even though it might be only $10 to $50, these fees can take a lot out of your budget if you don’t plan for them.

Instead: Set aside at least 5% of the budget for miscellaneous expenses that may arise during wedding planning. You should have enough money to cover the unavoidable small expenses without a dip into your budget. You can even put it in your honeymoon fund, even if you don’t use it all.

It is good to ask suppliers in advance what extra costs they might charge. These could include cleaning fees, damage waivers or storage costs. Most suppliers will be completely transparent about their pricing and are happy to inform you of any additional costs.

Do not Prioritize

It is easy to get lost in the chaos of wedding planning and forget to envision your day. Many couples work their way through their list of suppliers, making purchases in no specific order and not delegating their budget. You may have to make compromises later on if you realize you cannot afford the live band or cocktail station that you want.

Instead: Spend some time with your partner to create a priority checklist for your wedding day. Work through each item in order of importance. Our tips on defining your wedding vision are a great place to start if you have trouble narrowing down your priorities. Download the worksheet!

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