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Tuesday
Aug252015

Wedding 101: Budgeting Your Wedding

 

Whether you’re planning an extravagant or simple wedding affair, the following suggestions will ensure that your wedding turns out the way you want it while keeping your budget in line.  The most important advice we can offer you is to not go into debt.

SETTING UP A BUDGET
Your wedding budget should be handled like a business budget. If your boss said, "The budget for the Christmas party is $10,000," you would use only those services that would keep you within budget. The same is true for your wedding. Find the services that can accomplish what you want within the budget you've designated. Be realistic about your budget. If you have only $5,000 for your reception, it's unlikely you're going to be able to afford a full sit-down dinner for 150 guests, but a buffet with hot and cold hors d'oeuvres may work very well. Follow your budget allocations as closely as possible. This will eliminate financial stress.

DON'T FORGET TAXES AND GRATUITIES 
Be sure to ask if all charges for delivery and setup, taxes, and gratuities have been included in the estimates you get from all the businesses and services you have selected. These additional costs can be a very nasty surprise the week before the wedding! 

STICKING TO THE BUDGET
One way to make sure you stick to your wedding budget is to set up a separate bank account just for wedding expenses. This way funds can be tracked and kept separate from regular finances. Always pay businesses or services with a check or credit card to better record and track expenses. Allocation of your budget depends on what is most important to the couple and the families contributing. Some spend more on music and entertainment or photography than others.

WHAT TO BUDGET FOR
Depending on whether you’re hosting your wedding on your family’s property or in a downtown hotel ballroom, here are some of the services you’ll want to keep in mind when creating your wedding budget:

  • Accommodations – out of town guests, wedding night hotel room
  • Attire – Wedding dress and accessories, tuxedos
  • Cake
  • DJ/Music – pre ceremony, ceremony, or reception live music, disc jockey
  • Entertainment – photo booth, dancers, magician,
  • Favors 
  • Flowers – bridal bouquet, bridesmaids bouquets, boutonnieres, ceremony arrangements, flower girl flowers, reception arrangements
  • Food & Beverages
  • Invitations – save the date cards, place/table cards, reception menus, thank you cards
  • Makeup/Hair
  • Minister/Officiant
  • Photographer
  • Rentals/Decor – ceremony seating, reception seating, tables (dinning, cake, gift, sweetheart, guest book), chairs, chair accessories, linens, china, flatware, banquet/service equipment, barware, tents, tent accessories, electrical, lounge furniture, dance floors, heaters/air conditioners, lighting
  • Transportation/Get away car 
  • Valet Parking
  • Venue
  • Videographer
  • Wedding Planner

Wedding Budget Printable

BanquetEvent Lucky in Love's "Wedding 101", offers practical and inspiration wedding planning tools, advice, and connects you with the vendors who can make the wedding of dreams a reality.  

References (1)

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  • Response
    Wedding planners are famous with couples arranging a destination wedding, where the documentation and printed material can be entangled. Any nation where a wedding is held requires diverse systems relying upon the nationality of each the lady and the husband to be.

Reader Comments (1)

Thanks for the interestingly helpful budget tips for a wedding! I'd be sure to share this article with my fiance and use this as our base for creating our own. I liked that you mentioned about keeping all the charges in mind from the deliveries, setup, taxes, and gratuities when making the estimates to be properly prepared. I'll do my best to contact some party planners ahead of time to create a better budget for the services.

October 26, 2017 | Unregistered CommenterJeremy Thompson

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