What’s Your Budget?
So many brides say to me: “We don’t have a budget.” I am always shocked by this answer. Does this mean that I can spend $20,000 on the floral design for your wedding? “Oh no that is way too much” Ok … so that means you DO have a budget!
When it comes to finances for a wedding it used to be much easier. The parents of the Bride were the ones responsible for the majority of the costs and the Groom’s parent’s took care of just a few items. Many of my clients today would love for this to still be the case.
Times have definitely changed and many couples today are contributing a large percentage if not all of their wedding finances. That is why it is so important to start with a wedding budget.
I have put together a range of percentages for each area of a wedding to help you formulate your wedding budget.
Wedding/Event Planner 8-10%
So now that you have some idea of the general amount couples spend on each wedding category, you can start your own wedding budget. I would recommend starting an excel or word document and first determine your overall budget for the entire wedding.
Then, start playing with the percentages to determine your wedding estimates in each budget category. After that, as you start making purchases and booking vendors you can input your actual costs.
If this seems way to hard to develop on your own you are in luck! There are some great websites out there that help you to create and manage your wedding budget for FREE! For example, Wedding Window offers an easy-to-use Budget Tracker as part of their Free Planning Tools.
If you are still overwhelmed and need assistance creating and managing your wedding budget consider hiring a wedding planner!
Now go get started!!!