One of the first questions you and your fiancé should ask each other after you get engaged, is one that may seem a bit too awkward and premature (but trust us, it’s not): how much money you should spend on the wedding? If you wait a couple of weeks or even a few months, you may find yourself using every ounce of your savings account to afford things you never knew you needed or planned to spend your cash on. So before you’re pulling pennies from your couch cushions, here are six ways to decide what your wedding budget should be.
What Kind of Wedding Do You Want? –The first thing to decide is what kind of wedding do you want to have? Are you looking to have a black-tie or a destination wedding? Determining the style is something that helps you know how much you’re going to spend.
How Many People You Plan to Invite?-Will you keep it small or invite more people than you ever imagined you knew? The more people you invite, the more you’ll spend upfront on the wedding.
Location, Location-You have heard how important the location is when buying your first house but a city wedding can be much more expensive than a suburban location. Remember though if you go too far out of a city or town vendors can actually charge more because they have to travel and supplies such as flower could be limited.
The Small Details- Don’t forget to factor in the small incidentals like ribbon, stamps for invitations, marriage license and hese can push you way over budget if you did not account for them.
Use an Online Budget Tool – Reference an on line budget tool that will show you the main things you’ll spend money on during the wedding and an estimate of how much it will cost.
So remember how much you spend on your wedding day does not determine how enjoyable or memorable you day becomes. Spending time enjoying and relaxing with family and friends as you start a new chapter in your lives is still the most important.