Wednesday, July 30, 2014

How to Create a Wedding Budget

So, you just got engaged and you may be asking yourself "what's next?" Before you even begin booking your dream venue & picking out the perfect table linens, the first thing you need to do is create a budget. This budget does not need to be perfect. However, it should at least be an estimate of what you are comfortable spending. Below are 3 things you need to consider when creating your wedding budget.

1. Who is paying for the wedding? Tradition states that the bride's parents pay for all of the wedding day festivities. However, today that is often untrue. Figuring out, from the start, who can help with the expenses of your dream wedding will allow you to know how much money you have to work with. Then you can begin allocating your budget.

2. You need to be realistic. When estimating how much to spend, do your research. You cannot budget only $1,000 for a photographer if you are looking at photographers with packages starting at $3,000. If you need a little help read Sam's blog post "Money Costs: Where YourMoney is Really Going." It's always better to overestimate than to underestimate.

3. Make a priority list. There may be certain aspects of your wedding that are more important to you than other aspects. If you know what those things are you can budget accordingly and spend less on the things that are less important, saving you money.

One last thing, if you need any help in creating a budget and/or finding vendors that fit your budget, Simply Events is here for you. We can answer your questions and assist so that day goes off without a hitch and in a budget that is right for you. Contact us today to learn more about how we can help!

Happy Planning (and budgeting)!

- Jennifer Olivieri

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