Planning Advice | Our Stress-Free Guide To Setting Your Wedding Budget
We’re back with our Planning Advice series and today we are tackling the topic of your wedding budget. The wedding budget is an incredibly important subject and every couple is different, whether you’re planning a wedding with a strict budget or if you want the full works. You will need to consider the details that are important to the both of you, and while it may not be the most exciting part of the planning process it is essential. Without a budget in place, things can easily get out of hand. Renowned as being of the most stressful aspects of wedding planning, it’s no wonder that it’s every couple’s least favourite task. However, it is also one of the most important items to tick off your wedding-to-do-list, so we’re here to save the day with our step-by-step guide to help you get started…
First things first, you will need to create a spreadsheet. It is the easiest and quickest way to keep all of your budget-related information in one place. The figures will be simple to calculate and you can ensure you stay organised and top of things.
This is the time where you need to work out who is paying. If you’re having any contributions from family or friends, work this into your budget. Ensure your agreements are clear so that there are no misunderstandings later on in the planning process.
It’s time to start saving! Using your spreadsheet, work out how much you can put aside each month without it being a burden. Subtract your bills, regular payments and any extras from your monthly earnings to see how much you can set aside each month.
Set A Date
If you haven’t already, setting a date should be next on your wedding to-do-list. If you really want to make savings, consider the season that you’ll be saying ‘I Do’. Lots of suppliers and venues offer a variety of discounts during off-peak season, which is generally Autumn – Spring. So swap a summer soirée for an autumn affair to save £££s!
Allocating your funds appropriately will be rather time-consuming, but it’s a huge part of setting the budget. Sit down together to work out what is essential, what you’d like to prioritise and what isn’t necessary. You may have to compromise – we suggest that you both write down the three most important parts of your day to ensure your priorities are met.
Gather quotes from suppliers before you start signing along the dotted line. Have the quotes included VAT and any hidden extras? It’s a good idea to get a range of quotes from different suppliers to get a better idea of how much you want to spend.
We cannot stress how important it is to have a back-up plan for your big day budget! Always make sure you have a contingency fund ready in case things end up being more expensive than you expected. Your wedding day can quickly add up so it’s better to be prepared if things do suddenly become costly!
It goes without saying, always make sure you double-check your wedding budget. Have you forgotten anything? Ensure all of your figures are as accurate as possible to avoid any budget-disasters in the future – particularly as the special day gets closer and closer!
Once you’ve organised your suppliers and your budget, you can start spending and putting down those deposits. Although setting the budget can be stressful and difficult, it can also be very exciting. Eeeek! You’re one step closer to the day of your dreams! Don’t forget to download our Planning Printables to kick-start your wedding planning journey, you can thank us later…
Three Top Wedding Budget Tips from Abbi of Save the Date Magazine
- Write down your priorities at the start of your wedding planning and base this on what are most important to you as a couple. It might be the food, or a really good band or you might just love flowers! Try to stick with your priorities and if there is budget left over add in extras like a photo booth or extra styling for the day.
- Try and combine things like your wedding favours to act as name place cards too.
- Don’t feel like you have to stick to every tradition. For example, if you don’t have the budget for wedding favours, don’t have them. Most people won’t even notice.
Image Credits: Image 1 by Kerry Diamond Photography / Image 2 by Jess Yarwood Photography / Image 3 by Rosie Kelly Photography / Image 4 by Grace Elizabeth Photo & Film / Image 5 by Rosie Kelly Photography