Budgeting is easiest if you have clear priorities. When you’ve decided on your must-haves, cutting the other costs becomes a snap!
The average couple spends somewhere around $25,000 on their wedding – even before factoring in the engagement ring or honeymoon.
Whether you’re planning an intimate wedding or a more lavish affair, one of your first steps in planning your wedding should be to set up – and stick to – a basic budget.
Traditionally the bride’s family pays for the whole shebang. Today, however, it’s common for the groom’s family to contribute as well, or for the couple to fund the wedding on their own.
Though your families may elect to help you out, they are in no way obligated to do so. When your engagement is announced, have that conversation with your family and your future in-laws so you can budget accordingly.
Expect to spend about half of your budget on the reception (including the venue and catering) and about ten percent each on clothes, flowers, entertainment and photography, with the remainder going toward invitations, wedding rings, transportation and gifts.
To keep from breaking the bank (after all, who wants to start a marriage tens of thousands of dollars in debt?), make sure you and your partner agree on your priorities before committing to anything. Building in a 5 percent cushion just in case will also save your sanity when the actual costs inevitably come in a little higher than expected.
Here are some expenses to consider:
Wedding Budget Worksheet
Wedding Planning Checklist
Questions to Ask
Wedding Emergency Kit
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