How To Create A Perfect Wedding Budget

For most couples, a wedding is the first time you’ll ever engage in planning a huge event. & the Budget for some can be key, especially if they are doing it without any additional $upport. The usual process is to think First wedding you want. Then you think about how much you’re comfortable spending. And then you hope really hard that the two concepts match up. We’ve all read and researched the tips and tricks for how to save money, how to have a budget wedding, and even how to stick to a budget. But how do you figure out what that budget is in the first place?

1. THINK ABOUT THE KIND OF WEDDING YOU WANT TO HAVE: This may be the one part of wedding planning that you’ve already knocked out of the park. But if not, it’s time to get to dreaming. Have you always dreamt of the Ocean as your backdrop? Or is a Garden Like setting your ideal? Perhaps an intimate urban party? or how about a huge shindig with all your friends and family? There an infinite amount ideas & Inspiration. Because while fun and fancy can coexist, they don’t always. For example, you may want your wedding to be low key and relaxed like your cousin’s last year—but a little more formal, while still avoiding a stuffy feeling.  You can even start to get more specific, think: “Low-key ceremony, with a relaxed upbeat dance party, and a family-style dinner that feels casual but looks kind of fancy-ish.”

2. CRUNCH SOME NUMBERS: Sit down with your partner and figure out how much money you are ready, willing, and comfortable spending on your wedding. Are other people going to be contributing financially to your wedding? This is also the key time to discuss with them what and how they will be helping. Sometimes this is a dollar amount that you can build right into your budget, and other times it’s a particular portion of the wedding that they’re going to pay (up to a certain amount) on your behalf. Either way it is important for you to know before you dive into budgeting and planning.

Another number that needs to be crunched at this point is your guest count. This is the time when you and your partner should open up an Excel file and start inputting names of people that you want to invite to your wedding. No matter where you are, or what kind of wedding you’re planning, the number of guests you plan to invite will make a huge impact on your wedding budget.

3. PRIORITIZE: You and your partner should each pick your top three priorities for the wedding day. These could be just about anything: Live Music with an MC & DJ, an open bar, Professional Videography (YES!!), etc. . Having this short list of priorities is just a good idea so that you can focus a little more money, or time, or energy, on the things that are most important to the two of you.

We recommend making these lists separately and then sitting down together—you don’t want to be tempted to write down the same things your partner wrote down; it’s better to have an honest idea of your priorities!

An example of how this could play out:

Photography Credit |  A Practical Wedding

Photography Credit | A Practical Wedding

4. GET REAL: Once you have established a # of guests, an idea of how much money you’ll spend, and a vision of what your wedding might look and feel like, it’s time to determine if it’s all possible. The unfair truth about weddings (and money in general) is that sometimes the things we wish would work, just won’t. This is the “getting real” phase. Maybe you dreamt of a huge sit-down dinner for your 250 closest friends and family, but you only have $4,000 to spend.

5. RE-EVALUATE, ESTIMATE, AND CREATE: If your original plans and your numbers don’t match after doing some quick research, take some time to re-evaluate. Can you spend more money to make your ideal wedding happen? Can you change the type of venue or overall look and feel of your wedding to make it fit your budget?

You’re better served by cutting things that aren’t important to you, because making things that aren’t important to you is a version of hell you don’t want to live in.

6. KEEP YOURSELF (AND YOUR MONEY) ACCOUNTABLE: The most important thing to remember when you’re putting together your budget is that no two weddings are alike. Your budget, and how money is allocated can change and require adjustments throughout the planning process. Cut that down to zero! Just remember that this is your budget, and your wedding, so make adjustments that fit.

Have you couple’s encountered any helpful tips in your wedding planning? Please share with the hashtag in our social channels #Rjtips.

Photography Credit |  True Photography

Photography Credit | True Photography

Russell Tafarella