HOW TO FIGURE OUT YOUR WEDDING BUDGET

This is the part of the wedding most couples dread. Figuring out your wedding budget is something you wish you could skip. Unfortunately for you, you can’t.

How to figure out your wedding budget. Photo by Masia Can Martí
Photo by Masia Can Martí

 

You need to be sure of how much you need to spend to make your wedding day marvelous. Setting the right budget is a daunting task. That is the reason for which we composed this article. In this article, we are going to give you some tips you can use to figure out and set your wedding budget. Read on!

 

1. Work Out How Much Are Willing and Able to Spend

Most newly-engaged couples have that feeling of anxiety about their big day. They wish to get married as soon as possible. One thing you should know is that you do not need to be a millionaire to plan the perfect wedding. Make sure you sort your finances out and pick a figure which you are willing and able to spend. Do not spend all your income on your wedding and have regrets later on. You do not want to regret getting married, do you? Setting this figure will simplify the wedding planning process.

 

2. Track Your Spending

After setting your wedding budget, you need to keep track of your spending. Before you start spending, you need to come up with a spreadsheet with three columns. Name these columns Estimated, Modified, and Actual. The figures you get from your research should be written under the Estimated column. The figure you get from the vendor should be written under modified and. That which you and vendor agreed upon should be placed under Actual. This way, you will be able to keep track of your spending and figure out how much you have to spend.

 

3. Always Allocate a Higher Sum than the Initial Price you get

Don’t allocate the exact amount you find on during research as the actual price for any product you buy or service you hire. You need to budget hire to avoid embarrassment, which may arise. It is preferable to be overprepared than underprepared. Allocate higher prices because these products or services may be subject to a price increase.

 

4. Estimate Your Guest Count

A wedding can’t be successful if the guests aren’t satisfied. You need to estimate the number of guests you expect to attend the ceremony. This will help you know exactly how much you have to spend to keep all of these guests satisfied. The cost of every wedding ceremony is pretty much based on the number of guests. Taking the cost-per-person approach will help you figure out your budget seamlessly.

 

Using the tips mentioned above will help you plan the perfect wedding process. This will, in turn, make the planning process a lot easier. Read the next sentence carefully – Do Not Go into Debt to Make Your Wedding Special. You need to think beyond your wedding day and not make insensible decisions.  Bite just what you can chew and have fun on your special day. Remember, “proper planning prevents poor performance.” This statement also applies to wedding ceremonies, and the planning stage begins at figuring out the budget.

 

RELATED READING:

7 MONEY-SAVING HACKS ALL BRIDES SHOULD KNOW

 

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