How to Plan Out Your Wedding Budget and Stick to It
Forget everything you’ve heard about ever-expanding wedding budgets. Your special day doesn’t have to be like that.
We’re going to share with you some tips to apply so that you can stick to your wedding budget without any bother. Nobody wants to have to ask their parents for extra, and neither is dipping in the savings a good idea.
Here’s how you can stay within your limits without overspending:
Work out your grand total. Before you start assigning amounts to each element of your wedding, it’s wise to set a grand total figure. If you have some flexibility, then you could set a range.
Start with the elements. Make a list of the different elements of a wedding, ie:
- Favours and decor
You might need to watch a couple of weddings on YouTube to see whether you’ve missed anything that you need to cover with your budget. One idea is to pull in the help of a friend who has done event planning before.
Set your limits. The spending amount you assign to each element is your MAXIMUM spending amount. You might want to spend a particular percentage on each category, depending on what your priorities are.
There are wedding budget planning spreadsheets and tools online, be sure to use one of these or at least make your own spreadsheet up.
Leave some wiggle room. Don’t set the budget too low, or you’re bound to go over. Keep in mind that there are usually some surprise expenses, for which you should keep an extra 20% or so aside.
Watch out for hidden charges. There will always be some service charges or perhaps even tax that you hadn’t planned for.
Keep records. Write down how you’ve spent every penny and keep a running total. Then you’ll know exactly where you are on your plan, how much you have left and what you need to get next.
Keep in mind that just because you have a particular budget, you don’t have to spend it all. If you are under budget for an item then you can always reallocate to another.
Let me know how you get on. I'm are always interested in sharing tips with our brides who are still in the wedding planning stage.