After the venue cost the next largest expense typically belongs to the photography and videography department, taking up 12% to 15% of the overall budget.On average most couples will need to allocate 50% of their budget to their reception, considering that includes the venue cost, catering, and bar cost along with decorations.A much better tactic is to break out the cost as separate line items so you can see where you are allocating funds and what those costs might be. A couple should look at every different area where they could be spending their funds so it is not enough to just have one dollar amount in mind that you are going to spend. There is really no typical wedding budget anymore.Ī wedding is a large-scale event so with that comes many different areas where cost becomes a factor. The more upfront and honest this conversation is the better! Make sure you understand if they will just be handing over a check to you and your partner to spend on the day or will you be asked to have the vendors send the bill directly to them. It is highly suggested to sit down with both sides of the couples family and gain some real insight into how much of the wedding the family can help pay with and how they will be helping. You can’t just hope or assume that both sides of the family will help pay for wedding day so it is important to be clear and have an outline of how each family will contribute. If possible each person in the couple should be able to find one area of spending where they can cut back (gym membership, eating out, monthly subscriptions, coffee shop trips etc) Sitting down as a couple and outlining areas where you can cut back on spending and areas where you may be able to add to the savings is the key to having your wedding day funding not be a stress. Just as important as creating a wedding budget so is creating a spending or savings plan. Even cutting back on one trip can help add thousands to your wedding day fund. Many couples decide to cut back on travel for the time when they are saving for their wedding day. Travel is a wonderful thing but it can also make a large dent in your bank account. Couples saving and planning for a wedding find that by cutting back on just a few important things can add up to big time savings.
Many couples give up eating out at restaurants or ordering food in for a few months in an effort to save a little, while some couples decide to give up their expensive gym memberships and opt for working out at home. When you take a look at where your monthly expenses add up you might find a way to cut back in a few areas and apply those savings to your wedding fund. There are a number of different strategies to pay for a wedding including cutting back on your monthly expenses, taking a break from travel, creating a spending and savings plan and outlining the contributions from both sides of the family.
#Budget bride how to#
Planning a wedding and tying the knot is a very exciting time but the reality of how to actually afford the wedding is another issue.
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