If you're planning a honeymoon after your wedding, consider if you'll include it in your wedding budget or have a separate savings account. Finding out who is officially contributing to your wedding is crucial to establishing your wedding budget. Or it might be family members who want to help, like your parents, grandparents or extended family. These contributors might just be you and your partner. It's best to discuss your wedding budget with the people who will be paying for the wedding. SET A MAXIMUM BUDGETĪfter you decide what items are a priority at your wedding and have an idea of what each vendor will cost, set a maximum budget. ![]() Wedding and bridal conventions are a great way to meet local businesses and get an idea of what different aspects of your wedding may cost. You can go to wedding conventions near you that have various vendors and wedding ideas, as well. ![]() It's also helpful to ask around for vendor recommendations to see if you can find wedding vendors that fit your price range. You can compare prices on catering, entertainment, photography and other services. Wedding planning websites and search engines will be your best friend as you research different vendors in your area. The average price of wedding expenses ranges from state to state. The cost of wedding venues, vendors and other wedding items may vary depending on various factors, including your location. If you're planning a wedding on a budget, one of the easiest ways to reduce costs is to invite fewer people and have a more intimate celebration. As a general rule, plan to budget at least $100 per guest. Your guest list size will determine how much you'll need to save for your venue, food, beverages, invitations, favors and anything else you plan to give guests. Decide How Many Guests You Wish to Invite Once you know what you absolutely must have on your wedding day, you can budget for these items immediately and remove things that are not as important to you. Whether you have $1,000 or $100,000 to use for your wedding, you can have a beautiful day - but you need to think about your priorities. If you aren't prioritizing real flowers, opt for faux ones or DIY decorations for your bouquet or centerpieces, for instance. Create a list with the top three things that are a must at your wedding, like your dream dress, catering or videographer.Īfter you decide your must-haves at your wedding, compile a list of aspects you can live without or that can have a small part of your budget. You can allocate more money to you and your partner's wedding priorities. Talk to your partner and decide what items are a priority to have at your wedding. Or you can have a quaint outdoor wedding with your closest friends and family.Ĭonfining your wedding checklist to your budget doesn't mean you can't get what you want for your big day. Couples can opt for a big gathering with different vendors and special additions like photo booths, live bands and extravagant decorations. Set Your Prioritiesįirst, you and your partner should agree on what type of wedding you both want. ![]() You can remove the cost of buying a dress when you break down your budget. If a family member says they'd like to buy the bridal gown rather than contribute cash, for example, take note. Find Out How Much Family Members Are Willing to ContributeĪre parents or other relatives planning to contribute to your wedding? If so, find out how much they plan to give and add it to your budget. It's best only to use credit cards if you can realistically pay off the debt in a few months.Ģ. If you're tempted to use credit cards to pay for your wedding, keep in mind that credit card debt can build up fast as interest accumulates. For example, you might get takeout less often or skip weekend road trips as you save for your wedding. If you don't have anything left over, look for ways to reduce your monthly expenses. Once you choose how much money you and your fiancé spend each month, subtract these monthly expenses from your combined income.Ĭonsider saving whatever money you have left for your wedding. Then, figure out how much you typically spend each month on bills, groceries and miscellaneous expenses. To figure out how much you can contribute to your wedding budget from your current income, first determine your monthly earnings. How much can you contribute from your current income? Will you have enough money left over for an emergency fund? How much of your savings are you willing to use?
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