Budgeting Tips For Weddings
Setting the budget is a very important but sometimes very difficult task when it comes to organise your wedding. Setting the right budget from the beginning it will help you be organised and keep your stress levels to the minimum. It will also prevent you from overspending and finding yourself in difficult financial situations. Certainly you don’t want to start your married life with a huge debt…
Plan wisely and always have in mind that is not the amount you are going to spend that is important rather than the people that you are going to share this special day with.
Below there are a few budgeting tips which I believe will help you through the planning process:
- Set your budget the soonest possible.
- Add an additional 10% on the total budget amount for unexpected expenses
- Open a separate bank account for the wedding
- Start saving a certain amount each month to cover your wedding expenditure
- Decide on what is priority and on what you are willing to compromise
- update your budget every time you spend something relevant to your wedding
- If you overspend on one area then you should deduct the additional amount from another. this will make sure you stay within the set budget.
- If you are on a tight budget, book your wedding day either on Sunday or during the week; venue hiring fees tend to be cheaper on less popular dates to get married. Avoid the Christmas and Valentines Day, two very popular days for weddings and therefore the hiring costs are higher.
- Don’t try to overcome the pre-wedding stress by buying unnecessary things that you will regret later.
- Try to add your personal touch to your wedding by preparing your own wedding favours, invitations or if you are good in baking why not your wedding cake!
With Love
Penelope