Splendid Advice

THAT HORRIBLE “B” WORD EVERY WEDDING HAS!

One of the biggest struggles in wedding planning is setting a budget, over the next few weeks we are going to be discussing your wedding investment better known as THE WEDDING BUDGET!!

When consulting with couples one of the questions we ask is have you discussed how much time and money you would like to invest in your wedding day? Which is followed by a long pause and deer in the head light look , I go on to explain that you will be investing not only your money but also quite a bit of time in planning your big day. This is a commitment and although it is very exciting time it can become a finical burden and overwhelming if not though out and planned properly.

  1. You will want to look at what resources are available to you, along with who will be contributing toward your wedding expense. When it comes to paying for wedding while remaining financially afloat, todays rule is all hands on deck. If you are blessed and have several contributors it is always good to ask if there is a specific item or the amount of funding they would like to contribute. I promise you this politely asked question during the early planning stages can save you hours of stress and heartache.

  2. Since most of your investment will be determined by the number of guest you invite. When creating your guest list keep in mind that each person you invite will cost a specific amount. Most couples only budget for the cost of food and beverage when discussing the guest list. When creating budgets with our couples I use the following example

Budget $20,000.00-50% =$10,000.00 /150 = $67.00 per guest.

Seems a bit much that half of your investment would spent on guest? Your ceremony and reception cost are about 50 % of your entire budget.

3. Break your budget down into detailed categories and research cost of each categories. As you can see from the example above half of your investment will be for ceremony and reception.

This is also a great time to consult with a wedding planner. We are not only familiar with the cost but the majority of planners have relationships with vendors who will extend professional discounts or courtesies to our clients. I always tell our couples that a good planner will always pay for themselves.

Tune in next week to find out how to get the most out of your budget.

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