Your wedding day will be one of your most memorable days. Let’s face it, and your wedding day will be one of the most memorable days in your life.
You will understand what we mean by the “B” word if you are a bride-to-be. Although it can be a stressful obstacle, it is also one of the most important factors influencing every decision you make about your wedding.
Yes, it’s time for us to discuss the dreaded budget.
When you start planning your wedding, the first thing to do is set a realistic budget. Your budget is the key to bringing your wedding day to life. It’s not a pressure situation, but you must do it correctly.
You’ll quickly realize that every detail matters when planning your wedding.
You will need to choose a photographer, a menu style, and even your shoes for the big day. For all these decisions, you’ll be relying on your budget. To avoid disappointment and financial stress, it is essential to research your options and ensure that you have a realistic budget.
You can take simple steps to determine how much you can spend on your wedding, where your budget should go, and what hidden costs you need to be aware of.
Could you show me the money?
Before you start thinking about dress shopping or venue visits, It is important to determine how much you can afford. This is a crucial part of your financial plan. This will help you to establish clear expectations right from the beginning.
First, determine where the money is coming from. Is your partner paying all the expenses? Are there family members that are willing to help financially?
First, sit down with your partner. Spend some time together to determine how much money you and your partner can save for your wedding. Take a look at what you have saved and figure out how much money you can save for the big day.
Do your research
You’ve now decided how much money to spend. Now, where should you spend your money?
Before you spend, it is important to make sure that your money goes towards each wedding area. From the venue to the place cards, every element of your wedding will cost money. You’ll need to budget accordingly.
First, determine the approximate cost of each vendor for your wedding. Make a list of all the products and services you need for your big day. Next, you can start to research online for a price estimate.
Uncover hidden costs
Now you have done your research and calculated the average cost of each vendor. Did you read all the fine print?
Unexpected costs often cause budget blowouts. You can take control of this by anticipating any additional costs that may be necessary.
Ask vendors to inform you of any additional fees or costs while researching. These could include penalties for overtime, Sunday work, transportation of your rental items and rubbish removal from the venue on the next day. Replacement costs for accidental breaks, corkage for alcohol service, and penalty rates for unnecessary or late hours. Double-check to make sure the quoted prices include tax. To avoid surprises after the wedding, it is best to ask these questions in advance.