Don’t you just love weddings and can’t wait to start planning your own? Of course, that may be the case until someone mentions the dreaded wedding budget!
How on earth are you supposed to remember everything that could be involved, stay on top of your estimates and expenditure and have any idea how much everything is going to cost!?
I’m afraid there isn’t a magic wand solution to sort your budget for you, but here’s my top tips to make your life a whole lot easier.
Start with guest list! Higher guest numbers usually means a higher overall budget!
Food and beverage are usually worked out at a cost per head. But this isn’t the only aspect that is effected by a higher guest count.
More guests means more tables and seating, resulting in more décor and rented items (if required), like tables and chairs.
It also means that there are more invites to pay for and send, more favours to purchase (if that’s something you want to have) and more cake to buy!
Once you have an idea of your guest list, you can really begin to establish if the numbers are realistic to your budget.
If you’re guest count seems to be too high for the budget, then now is the time to make adjustments! Here’s some things you can do:
Weddings are a personal affair, and each and every couple has different ‘must haves’. These are essentially your priorities.
Spend some time with your partner and discuss the absolute must haves for your wedding. I’d recommend outlining two or three.
Keep this noted on your wedding budget. That way if you have to go a bit over on something that is super important to you both, you can always pull the money back from other areas that are lower priority!
If this is your first wedding, you probably don’t have any idea how much items and suppliers cost! These can also vary based on location.
So it’s time to do that research! Here’s some things you can do:
Working out your wedding budget and guest list are the first stages of your wedding planning journey. However, the budget should be used as a working document.
Remember to update it every time you make a payment! It’s a sure fire way to make sure your spending stays on track and you don’t accidentally forget you’ve spent some extra dosh elsewhere!
Also, keep in mind that some suppliers may not include VAT in their quote. Always check if it’s including or excluding and make sure you account for that extra bit of money if it’s not!
You can also set yourself reminders a week or two for when payments are due. You’ll be able to see if too much is going out at once, and discuss these with your suppliers if there’s a clash!
Set aside a contingency budget right from the start! Quite often in wedding planning and sometimes on the day itself, the unexpected can happen!
By having some money put aside, you can ensure that backup plans can be accounted for!
I’d recommend a contingency of 3-5% of your overall wedding budget. However, if your wedding has a larger scope, or more risk (like increment weather) you may wish to put more aside.
The extra bonus of this is, if you don’t need to dip into your contingency, you’ve saved on your budget!