When you’re planning your wedding, it’s absolutely crucial that you stay on track with your big day budget. Keeping an eye on what you’re spending isn’t the most enjoyable of wedding tasks but it’s definitely the most important. If you’re wondering about managing your wedding budget or if you’d like to some tips to help you allocate your funds, then read on…
Let’s start right at the beginning as you set your total spend and, once you’ve got your maximum figure agreed, factor in a 10% contingency. So, if you’ve got £15,000 in the wedding pot, aim to spend no more than £13,500. Giving yourself this buffer means that if an unexpected cost crops up, you don’t have to cut into other areas to meet the bill. Of course, if you stick brilliantly to your budget and have this money left as the wedding day approaches, you can use it to upgrade your drinks for example or treat yourself on honeymoon. However, having a contingency fund will definitely help you relax.
It’s also really important to think about ALL the costs involved with your wedding. Of course you can note down prices from venues, photographers, florists and other suppliers but it’s the ‘other’ costs that can quickly mount up and push you over budget. Here are just some of the potential costs that it’s easy to miss:
Also remember that there could well be costs after your wedding too so factor these into your budget. Posting out thank you cards, prints of photos and wedding dress dry cleaning will easily swallow hundreds of pounds.
Create a list of all of the wedding costs that you know about and even those that you think you might have to pay. Don’t miss things out when you write this list just so the figures work out! It’s much better to know the ‘worst case scenario’ so you can be sure you can cover all the bills.
So, now you’ve included ALL the wedding costs in your budget, how do you manage your spend and stay on track? Here are our top tips:
Your wedding budget shouldn’t be a scary – if you’re sensible and if you know exactly where all your money is going, it will actually help you focus on your plans and make sure that when you reach your wedding day, you can relax and enjoy the occasion. Remember that you’re in charge of what you spend and you can absolutely boss your budget!
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