What is a Wedding Budget?
A wedding budget is a financial plan for a wedding over a period of time. It is a breakdown of the following expenses of the wedding. A wedding may cost a lot and that is why it is advisable for the soon-to-wed couples to plan over their wedding budget to avoid huge responsibility debts. Planning a wedding is a serious assignment for the couples that need to be taken care of. Budgeting a wedding would take a lot of effort to balance all the decisions, agreements, and taking care of the savings. It is also best for the couples to make a wedding planner so the wedding will not be disorganized.
A wedding budget is the wedding itself. Without a budget, you cannot pursue your dream wedding that is supposed to happen once in a lifetime. A wedding budget may cover the following expenses like photography, destination, gowns, suits, flowers, reception, and more.
How to Make a Wedding Budget
In order to have a very successful wedding without any financial problems after the ceremony, here are the following useful tips on how to make a successful wedding budget.
1. Determine your Wedding Goals
Determine what kind of wedding you would want to have. Ask yourself if you can make your wedding dream to happen for real. For instance, do you want a beach wedding with some fancy decorations in a very expensive destination? Or a simple church wedding that is easy for you and your partner to achieve without spending a lot of budgets? Slowly anticipate yourself with a list of wedding needs like receptions, photography, gowns, and so on.
2. Identify your Contributors
You can start figuring out who will be contributing to your wedding expenses. The first set of contributors will be you and your partner. In some cases, the parents or the other members of the family would want to contribute to the wedding. But whatever the case, it is good to know who is eager to share some of their contribution to your wedding. It will be a good first step to start for your overall budget. Try to engage with some donation group talks. As much as possible, you can highlight your wedding necessities and allow your contributors to willingly donate if they wanted to. Take note of the contributors and always understand when some of them may refuse to donate.
3. Evaluate Wedding Budgets
Now that you have the following list of your wedding goals and contributors, you can start breaking down the overall expenses to your wedding. Start from the major expenses like receptions, decoration, church, gown, and so on. When you are done, you can proceed with minor expenses like wedding invitations, gifts, and more. You can also start estimating your guest count and make sure not to make your guest list very numerous to save your budget.
4. Track Your Expenses
You can track your expenses by making a spread sheet on your computer or you can also get a wedding budget template here on template.net PRO. Make sure that you have enlisted every item, places, and contributors for your wedding. Make sure that you always keep the list updated to avoid misconceptions.
5. Find Ways to Save
Choose every wedding detail practically. Choose the prices wisely based on your budget. Always bear in mind that after a wedding ceremony is a new chance of a life together with your partner. Make things memorable that is even enough for you and your partner to start without financial problems.