How To Keep Track Of Your Wedding Budget
Depending on how you want to get married, a wedding may cost as much as a fortune of years’ savings. That’s pretty scary to think about, right? But a wedding doesn’t have to be that costly. With the right approach to planning, you can keep track of your wedding budget and spend only where you need to. With this article, you can manage your wedding budget easily.
That’s pretty scary to think about, right? But a wedding doesn’t have to be that costly.
SET YOUR WEDDING BUDGET
Once you have that pretty little ring on your finger, you will need to start establishing the cost. The first step is to talk to your families separately and ask how much they’re willing to contribute. Back in the old days, the bride’s family would cover all the tab, but now people tend to split costs between both sides. Aside from the family members, determine how much the two of you should contribute to the overall budget throughout the planning process.
A clever way to take it step further is: Putting your money in a separate account. This way, you both can easily track any cost, deposits, withdrawals and changes in your wedding budget.
BREAK DOWN THE COST
Now that you have a number for your budget, you can create an organized system. Take time to create a wedding planning checklist and budget planner. These handy tools will show how much you should spend and manage the budget all in one place. There are many costs for vendors, photographers, planners, so management is essential.
Make sure to include someone helping, too. You can create a Google Sheet so all can keep track of payment deadlines and who should pay for what.
Remember that there will be hidden costs, such as gratuities, sudden events, and other details like marriage license fees. In any case, the best approach is to plan to cover the initial wedding budget so you won’t be surprised by unforeseen costs.
PRIORITIZE YOUR NEEDS
The Pinterest-perfect details may not be possible for your wedding budget, but that doesn’t mean you will have to sacrifice your style to save money. Between the two of you, decide what value the most and what’s the least important. Would you prefer to spend more on great photography than stylish florals? Would you spend a few extra bucks for that flower gate you’ve always dreamt of? From there, you can work your way down the list to decide which parts you’re willing to invest in more than others.
CUT BACK IF POSSIBLE
It’s not an easy decision, but the best way to cut major costs starts with shrinking your guest list. If you can save some money by DIYing centerpieces instead of purchasing them, go for it. Use the money you can save for a better honeymoon, or simply prepare for a life ahead together.
FINAL WORDS
Planning your wedding budget can be a tedious and challenging task, so a little help is always necessary. If you contact us – WedinStyle, we will help create a wedding that suits your budget while you can simply enjoy the best day of your life. Our contact information is right below!
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