Monday, November 28, 2011

3 Steps to consider when determining your budget

To avoid a nightmare or unnecessary stress, your budget should be based strictly on what you and/or your parents can afford.  When budgeting for a large wedding, you should include allotments for each of the expenses listed below.  When budgeting for a smaller wedding, you should include the items that you cannot provide yourself and intend to purchase, as well as what you plan to do on your own or with the help of friends and family. 

With good creativity and planning, a beautiful wedding can be held within any limit.  Whatever you decide, stick to your budget.  If you don't stick to your budget, unfortunately the stress and anxiety could carry over into your marriage, and that's not how you want to start off your marriage.

  1. Start with an amount that's comfortable for you. Before you sign a contract or make a commitment with any vendor, determine a dollar amount that you believe you can spend on your wedding. For example, if you have $25,000 to spend on your wedding, and the venue you want cost $20,000, you are not leaving enough money to cover other costs.
  2. Economy versus value. Remember, value is knowing exactly what you want and what you are willing to pay for so that you satisfy your expectations for quality and service.  If you pay for things you don't want, you are not getting good value.
  3. Ideas on budgeting.  Just about every aspect of your wedding will have a wide range of choices and costs.  Decide what is important and prioritize and then splurge on it, economize with class in the other areas.