Wedding Budget - How much should you spend?
Wedding Budget - How much should you spend on your wedding?
I know, setting a wedding budget can be a bit of a mood killer. You're in love, you are planning the day of your dreams - you don't want to think about money! But setting a wedding budget early can really help and save you a lot of headaches later on!
EVERYONE has a wedding budget. It doesn't matter whether its; £10,000, £100,000 or £1 million. It's still a wedding budget. Whatever your wedding budget is, it's OK!
Bride and Grooms can sometimes be so caught up on cost they aren't excited about the meeting their wedding vendors, and that's such a shame. Planning your wedding can be just as exciting and fun as the day itself, if you let it be!
When setting up meetings with your wedding vendors, we know you need to know how much they cost, but that's not the most important thing. The important thing is 'Is this aspect of my wedding important to me? Will this product or service help me to create my dream wedding or become an heirloom for my children?'
A close friend said to me the other day, "money isn't important, you can always make more of it". It's actually one of the most honest and true statements I've ever heard! (Thank you Becky!)
That being said, only spend money on what is important to you. If it's having a beautiful wedding dress, then spend a higher percentage of your wedding budget on that. It may be that photography, venue or flowers are hugely important to you. Spend your money on what is crucial to you and what you value.
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Here are my 6 Tips for creating the perfect wedding budget for you!
1. Get a 'ballpark' Wedding Budget
The average wedding in the UK costs around £20,000-£30,000 according to the top wedding resources online. This takes in to account people with a variety of geographic areas and different financial situations. Your wedding budget will vary considerably depending on the number of guests you invite, where you get married and whether you want a large extravagant wedding or a small intimate affair.
2. How to split your Wedding Budget
The very first thing you need to do is to split your wedding budget in to sections. Write down everything you need for your wedding and then pick the top 3-5 things that are most important to you.
Your list could look something like this:
- Hair & Make-up
- Bridesmaids dress & accessories
- Grooms suit
- Groomsmen's suits
- Internal decor
- Exterior decor
To many Brides and Grooms, the most crucial top 5 are:
3. Start a Wedding Budget Fund
As soon as you get engaged, open up a separate bank account and add to it every month, or as often as you can. It's much easier this way, that to try and cobble together more for each vendor and venue you book. Set up an automatic transfer so each month after pay day you are adding to your wedding budget automatically.
4. Write a rough Guest List
It doesn't have to be perfect or spot on. Bear in mind that the more people you invite, the more expensive your wedding will become - guests need a venue large enough to hold them - and they also need feeding!
5. Use a Payment Plan
Remember no-one wants to start married life with debts, so plan your wedding budget carefully. Most wedding vendors are happy to offer payment plans to help you spread the cost of your wedding. By choosing a payment plan you may be able to get your dream wedding that otherwise might not have been possible!
6. Book in Advance
Photographers, like most wedding venues and florists, get booked up to two years in advance for their services. We can only do one wedding per day, so dates are limited! As soon as you've chosen your wedding venue, book it for a date that fits with you and your wedding budget. There's no harm in booking your wedding a year or two in advance - in fact it's the norm now!
I hope that helps you get started with your wedding budget! Let me know if you have any other tips or ideas in the comments below!