3 Things To Consider When Planning Your Wedding Budget
Determining your wedding budget is an essential element of planning a successful wedding that makes you and your partner happy. All your other decisions, from venue selection to menu planning, stem from your budget.
So, how can you be strategic with your money to pull off the ideal wedding? Consider these three things when you plan your wedding budget.
Crunch Those Numbers
How big or small of a budget can you manage with the resources available? Confirm who is contributing to the wedding fund—you, your partner, and your respective families—and how much they plan to give. Ask yourself the following questions:
Are you comfortable taking out a loan to cover any expenses? If so, how much?
How much can you really afford to pull from your savings accounts?
How much can you afford to set aside every month for wedding expenses?
When you and your partner have answered these questions truthfully, you’ll have a ballpark budget for your wedding.
Try Rules of Thumb
If you’re not sure what to spend big bucks on and what to DIY or seek wallet-friendly options for, try using this budget breakdown template. Feel free to customize it to your liking, but these rules of thumb are a great guide:
Venue and catering: 40 percent
Photographer or videographer: 15 percent
Band or DJ: 10 percent
Decor: 10 percent
Floral arrangements and bouquets: 10 percent
Bridal attire and beauty services: 5 percent
Transportation: 3 percent
Stationery: 3 percent
Party favors and gifts: 2 percent
Wedding cake: 2 percent
Pro Tip:
As you browse Poconos wedding packages, look for the phrase “all-inclusive.” You can bundle costs for the venue, catering, decorations, flowers, and other elements into one money-saving package!
Prioritize Non-Negotiables
Are there elements—such as a custom bridal gown or tuxedo—that you absolutely need on your big day? Give them priority over things that matter slightly less to you and your partner.
Let’s say your heart is set on having a specific band play at the reception, but their fee is a little more than 10 percent of your budget. Consider seeking out more wallet-friendly options for flowers, invitations, or table favors to ensure you can pay for the band.
Planning the wedding of your dreams can cause some stress—but it can also cause great joy when your big day comes! Consider these tips as you plan your wedding budget in order to pull off your special day without breaking the bank.