Wedding Budget Basics
So you’re getting married. YAY!! Now what? The first thing you should think of after that engagement ring goes on your finger is HOW MUCH do you want to spend on your wedding and whether or not you are going all out with a church wedding and fun reception where all the groomsmen do a silly dance for you or if you are doing a backyard wedding or destination wedding. All of these weddings have different costs associated with them and you’ll need to make sure and plan your money accordingly. The first line item in your budget is how much you want to spend on your VENUE. Obviously, the first thing most of us think about is Lady Diana’s wedding and how cool it would be to find a church like Westminster Abbey! If you have that kind of money and clout, then go for it. But most of us don’t. Venue rentals can range from $500-$10,000 and upwards and the venue is the most important decision you’ll make regarding your wedding – other than who you plan to walk down the aisle with, of course! So think about what kind of venue you want and let the road trips begin! Research all your venue options online and CALL them to see if they have your date available and then set up the time to do a site visit. Make sure and bring someone with you for a second opinion! Now that you have an idea of where your venue will be, the dress is next. IT’S ALL ABOUT THE DRESS! The next items you’ll want to budget for are: food and beverage, rental furniture, décor, photography, wedding planner (you will definitely want to invest in a Day-Of Coordinator at the very least), invitations, wedding website, floral, music, gifts for guests, photo booth and the list can go on and on. There are several wedding budgets that are set up for you online already. For instance, apracticalwedding.com can tell you exactly what you should budget for each item if your budget is $20,000: $12,000 for venue and catering (for 55 guests) $2,000 for photography $2000 for wedding planner $800 for invitations or save the dates $800 for the dress (I would budget much higher because, after all...the dress is a BIG DEAL!) and $150 for rental tux for groom $1,200 for flowers $1,000 for DJ Now this is a VERY basic budget and there are a lot of ways in which you can get creative and spend more money on the dress and less on the DJ, for instance. As you can see, weddings are EXPENSIVE but you only get to do this once (hopefully) and you want it to be memorable. It really is in your best interest to hire a wedding planner who can help you with budget management and finding the best deals on catering, venues and décor. Good Luck and Happy Planning!