Planning a Wedding 101
Planning a Wedding - Where do you begin?
First The Budget - How much money do you
have to spend?
Budgeting for your Wedding for a Solid Beginning
Setting a budget for your wedding can be daunting to
say the least. Today's weddings can be so complex
and the expenses can soar! The best gift a couple
can give themselves is to start their new marriage
debt free! (or almost debt free) So before you begin
to buy and spend for your wedding sit down and make
Income = how much money you will have available to spend
Expenses = how much you spend
Start first by figuring
out how much income you are going to have available
to spend. Don't include the amounts that "you
think" you might receive as gifts. Talk to your
parents - ask them how much they will contribute.
Don't depend on your credit card unless you
can pay for the bill when it comes in. Interest
rates are extremely higher and will take longer to
pay off. Consider a loan or line of credit that can
be managed and paid off in a timely manner. If
you’re getting married a year from this point start
a **savings plan of your own and set aside a fix
amount that you can afford.
Once you have the Income figure firmly in place,
then you can move on to the Expense side of the
Planning. Keep in mind what you have available and
tighten the purse strings when temptation strikes.
There are a couple of expenses that are fixed that
you usually don't have any control over. 1 -
marriage license, 2 - your clergy or officiate.
The next important step is to decide where you will
be holding your reception. The dinner and meal will
take up a huge amount of your budget.
At this step making a draft of your guest list will
be helpful when deciding what venue to look at.
(TIPS - Cutting down the guest list will cut your
Once you have set the when and where and the costs
that are involved you can see how much available
income you will have remaining.
Prioritize what's important
to you then you
can make adjustments elsewhere. There are many ways
to "cut costs" in wedding planning.