Five Things You Need to Know about Wedding Budgets
January 14, 2015 by Just Marry!
Here at Just Marry!, we like to think of weddings from both the “art” side and the “business” side. While most brides think of the art side as the side that’s more fun (picking colors, designing floral arrangements, deciding on fabrics, etc.), the business side has a very important role, too. The very first business task we ask of every couple is determining their budget.
Why is that the first task, you ask? Well, knowing your budget helps us direct you towards wedding venues and services within your price point. It wouldn’t make sense, for example, for us to tour a four-star resort with high-end packages if your budget is more in line with something moderately-priced. So budgets are among the most important parts of wedding planning.
Here are our Top 5 favorite budget-planning tips:
- Narrow down your guest list. After we ask couples to establish their budget, the next thing we ask is that they create a guest list. It’s important to keep that list as tight as possible. The easiest way to keep wedding costs down is to reduce the guest count (and number of mouths to feed). If you’re looking for a handy way to track your guest list and other wedding planning tasks, check out Susan’s Wedding Planning Workbook.
- Prioritize. Make or print out a list of all typical wedding expenses, from stationery and favors to venues and wedding attire. This is something you can find online or in a planning workbook. Go through the list and prioritize each item, allotting more of your budget to the items you find the most important.
- Be realistic. Do research about what typical wedding services cost. Understand why a bouquet of roses from a professional florist costs more than a cellophane-wrapped arrangement from the local grocery store, or why it’s worth investing in a professional photographer rather than asking Aunt Sally to bring her camera.
- Stay balanced. There’s a possibility that you might go over budget on a few things. That’s okay, but be sure to adjust your budget on other line items to account for the overage.
- Plan ahead. It’s easy to get caught up in the excitement of bringing your wedding vision to life, but don’t forget that this is just the first day of your future as a couple. It isn’t worth going into debt. Stay within your means and start your marriage off on the right foot!
At every point in the planning process, it’s essential to refer to the budget you establish at the onset to keep yourself on track. Taking the time to do so will help reduce your stress and keep you organized. Following these tips will help keep you in good shape leading up to the wedding day and beyond. If you have any budgeting questions, please let us know and we’ll be happy to help!