Wednesday, September 08, 2010

How do I make a wedding budget? Vol 2

You came back for more,  That's good.  You might be mad now though because you saw bigger numbers than you expected.  Please believe me when I say that, I get it.  The only reason I don't freak at the numbers anymore is because I'm educated on why those numbers are so high (basically what goes into the products and services wedding professionals are offering you).
Alright, back to business. The budget.
Now that you have your priorities and foundations set, you can break your boundary number into each of the wedding categories:
  1. Printed details & Communication
  2. Food & Beverage
  3. Locations
  4. Professionals
  5. Attire & Beauty
  6. Decor
  7. Photography & Videography
  8. Music & Entertainment
  9. Travel & Transportation
  10. Gifts & Gratuities
  11. Honeymoon
I think it works best to do this in an excel document so that you can play with percentages and move numbers around easily.  The most important thing to do is make sure that your bottom line is never greater than your boundary number. If you need to know what actually ends up in these categories, you might want to gather some good wedding planning books.  Be very careful to list everything!  For instance, your gifts and gratuities should include everything from wedding party gifts, to welcome bags, to bellman tips.
The more research you've done, the better your estimates will be.
Now, based on your original priority list, make your decisions on who, what, when, and where.
Now that you know what you estimate your costs to be, prioritize the above list.  Then, assign amounts to each of the above categories, based on your priority and the research you've done on estimated costs.  As you make your decisions, move funds around.  Just be sure that you aren't taking too much from one place to cover another that really isn't a priority for you.  What will happen is you'll end up having to give up something that you really wanted.
Need to review? Click here for Vol 1
There was an error in this gadget

Sharing is encouraged.

101 Destination Wedding Planning Tips

From the editors of Destination Weddings & Honeymoons