For the Wedding
Before you begin making your wedding plans,
set up a budget and a framework for planning. It’s easier
to stay within a reasonable budget if you know what that budget
is beforehand.
- Figure out how much you can spend and who will be paying
for what.
- Decide what kind of wedding you want. Do you have your
heart set on miles of tulle and a cast of thousands? Or
would you be more comfortable with a simpler, less formal
wedding?
- Write a list of all possible expenses. For ideas on what
to include, check out MatriMoney
or the Wedding
Shops site. Prioritize your list. What do you absolutely
have to have and what is less important? A prioritized list
will help you decide where to splurge and where to save.
- Decide how many guests you wish to invite. Talk about
this with your families, too: they will undoubtedly have
strong opinions about the guest list. One expert estimates
a cost of $100 per guest for a formal wedding and $50 per
guest for an informal wedding.
Set Up a Budget
Use your prioritized expense list and
guest list to plan your budget. Use one of the online budget
tools listed above or the one at Modern
Bride’s site to plan and track your spending. One expert,
Bryon Hicks-Lee, divides the budget into categories for easy
tracking. Use your list of priorities to verify or modify these
numbers:
- 50% for the reception location, rentals, food, and beverages
- 10% for flowers and décor
- 10% for photos and videography
- 10% for bridal attire
- 10% for fees, invitations, and transportation
- 10% for the honeymoon
Stay Within Your Budget
Once you’ve planned your budget,
you need to stick with it. Here are some tips for planning a
beautiful wedding without going over budget:
- Use the Wedding Shops Online activity
timeline to chart your course.
- Contact at least two or three vendors for everything.
Get references from the vendor and contact those references.
Choose your vendors by price, quality, and references. Get
everything in writing.
- Keep good records of quotes, deposits, and balances due.
Use the MatriMoney
notebook system or wedding planning software.
- Ask for discounts of you’re marrying in the slow season.
One couple we know saved on everything from the hall to
the cake because they married in February.
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