First comes love, then the ring, followed by well wishes, wedding blogs and Pinterest. Finally, there are phone calls, meetings with wedding professionals and bridal shows, where the euphoria turns to panic as you realize your projected wedding budget won’t make it past your first two or three contract signings.
Just like when you purchase a car or a house, you’ll set a budget, then quickly realize your budget won’t cover your wish list. Not only that, but when you start looking, you learn about options you never knew existed, but once you know they exist, you can’t imagine living without them.
There are two basic ways to establish your wedding budget:
  1. Decide on the type and size of wedding you want, and then determine how much money will be required to foot the bill.  If you guess wrong, you’ll have to decide whether to raise your budget or switch to option two.
  2. Decide how much money you have to spend on your wedding, and then assign a certain percentage of the money to each expense category.  Assign more money to items which are important to you, and less money to those items which are a low priority to you. You just need to be realistic about the amounts you’re allocating to your high priority items, so you can still cover the costs of your lower priority items. If you can’t stretch your budget, you’ll need to trim either or guest list or your wish list.

Whichever budgeting method you choose, just be sure to stay within your means. You don’t want your honeymoon to be the last big trip you take until your kids graduate from college!

If you need guidance with your budgeting, check out our Wedding in a Flash. Even if you don’t think planning services will fit into your budget, this affordable tool will help equip you to go it alone.