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Coming Up With The Wedding Budget

· WeddingMC

Coming Up With The Wedding Budget

Most people find this subject hard to talk about but it is definitely an important discussion you should be having very early in your planning stage. Money is up there as one of the main causes of stress during a wedding but it doesn’t have to be that way if you just make sure you plan ahead & use a little common sense.

We would highly recommend putting your wedding budget in print. Seeing it in black & white helps you to keep track of what you’re spending & will help you to prioritise the different elements of your wedding. There are also plenty of Wedding Budget calculators available online these days.

Who is contributing to your wedding?
The first step is to figure out who is contributing to your wedding. A lot of couples are either footing the entire bill themselves or paying towards part of their wedding budget. Talk to your parents (both sets) to see if they wish to help with your budget or pay for a specific element like the photographer or the honeymoon. Everyone’s situation is different so do what works for you & your family.
 

How much you actually need?

The next thing you need to do is figure out how much you actually need. Research and get estimated costs for your outfits, invitations, venue, catering, DJ, MC, Photographer/Videographer and catering etc. If your estimated costs are greater than your budget then you will need to start playing around with figures. See what aspects are more important than others. Compromise is essential during this step.
 

Start a savings plan.
Once you have an indication of the wedding cost, start saving :).
Divide your budget by the total number of months until your wedding plus 3 to 6 months after your wedding date. This is how much you will need to save a month to pay for your wedding without spending a large portion of your married life in debt. Open a dedicated wedding account, this will help you keep track of how much you are saving & spending.

And don’t forget your wedding day is not about how much you spend but spending what you have wisely!

If you need assistance with coming up with a wedding budget or quotes from suppliers then please do contact us on pritesh@mrmc.co.nz or visit our website for further details www.mrmc.co.nz.

Please read our other blog articles to help you understand how our team can help you to have a memorable and stress free wedding or event.

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