As much as we might not like to think about it, setting a budget for your wedding is one of the first steps you need to complete before really getting into the planning process.
Sure, you can find a beautiful venue, the perfect dress, and a DJ that you absolutely love… but what happens if you don’t consider your budget first?
Wedding planning can be stressful enough already, you don’t want to realize months into planning that you can’t afford it all and you need to look for more budget-friendly options.
WHAT AN AVERAGE WEDDING BUDGET LOOKS LIKE…
50 Percent: Venue + Catering
In most cases, at least half of your budget will go towards your venue and catering expenses and your venue.
Renting your venue can be pretty spendy; talk to your venue about pricing for the different seasons of the year, and the pricing for weddings on a Friday or Sunday versus a Saturday wedding.
Depending on the number of guests you’re planning to have at your wedding, catering is usually the highest ticket item.
Some couples decide to do a buffet rather than a plated dinner as it might be a little less expensive.
It’s also common (but not necessary) for couples to provide appetizers, dessert, a late-night snack, and sometimes beverages throughout the night.
15 Percent: Photography + Videography
Many brides and grooms don’t realize how expensive photography and videography for their wedding day can be. Do your research on different professionals in your area.
I booked a high schooler for my wedding videography; his pricing was very low compared to others I had found because he was so young and just getting started. However, he had been doing wedding videography for a few years already and other types of videography for a long time; it was his passion. I watched some videos from his portfolio, and they were amazing! I saved over $1,000 by taking a chance with a new up-and-coming videographer.
That being said, don’t totally skimp out on your wedding photographer and videography. After all, these are the photos and videos that you will look back on for years to come to cherish the best day of your life.
12 Percent: Bride + Groom Attire
Make sure you set aside at least 12% of your budget for all things wedding attire.
This will include your dress, tuxedo, shoes, jewelry, veil and tie. A dress and suit for your rehearsal dinner, bridal showers, and bachelorette/bachelor parties might also be needed.
You can also add any grooming services you might be interested in such as hair and makeup, manicure, pedicure and waxing.
10 Percent: Decor
When couples think of the decor needed for their wedding, some might say “centerpieces… what else?”
There are actually many other items that tie into the decor category. Decor can include flower arrangements, tablecloths, seat covers, event lighting, signage and more.
8 Percent: Music + Entertainment
Whether you’re interested in a DJ or a live band, the entertainment and your wedding is super important!
In my opinion, interactive DJ’s are fantastic at keeping guests engaged and having fun. Depending on your venue, you might also need to rent a dance floor.
5 Percent: Miscellaneous Spending
Okay… this can include so many things, but mostly the low-ticket items.
For items in this category, include your wedding bands, transportation (if necessary), stationary for your save the dates and invitations, and an officiant.
Tip: Save $400+ by getting a close friend or family member ordained (usually free) to officiate your ceremony for you.
BEFORE SETTING YOUR BUDGET, ASK YOURSELF THESE IMPORANT QUESTIONS….
Questions to Consider When Setting Your Budget
Who (if anyone) is helping you pay for the wedding, and much are they offering to contribute?
How many guests MUST be in attendance at your wedding?
What is most important to you?
What are you willing to splurge on?
What can you do without?
What is your budget?
How will you keep track of your budget?
AVOID THESE BUDGETING MISTAKES…
Oops! Top Budget Mistakes
Not being realistic
Not having a discussion with each person contributing to your wedding and determining who is paying for what
Not keeping track of your spending throughout the planning process
Not making decisions on what must be part of your wedding day versus what you could go without having
