Wedding budget

No matter what your income is, sometimes the cost of your wedding could be frightening. According to TheWeddingReport.com, the average cost of a wedding with approximately 130 guests was $30,217 for the Northeast Region, and $24,366 in states like Florida. That could be the down payment of your future home, but you and I know you want that wedding, you want that gown, you want it and you want it done right!  Therefore, a Wedding Budget must be planned out no matter how much you are willing to spend. The formula to a successful wedding is a Strong Wedding Budget and this is how it’s done:

  1. Be Realistic:  You are the only one -besides your fiancè- who knows your specific financial reality, and your wishes for your wedding, so put them all together in a list and ask yourself some questions: “Is this realistic?” “Can I afford this wedding?” “If so, WHEN?” Being realistic is not meant to discourage you, but to give you -again- a big picture of what you can afford within a reasonable amount of time in order to plan and execute the perfect wedding for YOU. Leave anything on the list, do not take anything out yet, because we are still going to need it for balance. Chances are you CAN have that dream wedding, after all.
  2. Be Sensitive:  Whenever you are planning your wedding budget, you must think of your groom. Thinking only about what you want may create tension and misunderstandings. Talk to your fiancè and ask him if he would like anything specific in the wedding, or if he would like to replace something, maybe he even wants to cooperate with a category that might save you guys some money, like making favors and taking care of stationary. That alone will represent something less to worry about in your wedding budget.
  3. Consider Investors: Or better called “help from family”, is one of the best ways to get ahead with your wedding budget. If Dad or Aunt Gertrude offer to help, let them know you will email them -or show them- what you got so far and don’t let the trail go cold. Follow up kindly and timely so they can see you are interested in their help, which will make them feel a very important part in this process.
  4. Apply your research to categories:  In our prior episode, we asked you to set your priorities, set your style and colors, and to do your vendor research. If you did your homework, this is the time to fill out the blanks with all the actual categories you will use: Venue, Entertainment, Photographer, Cinematographer, Attire, Dècor, etc. Use that mental image we talked about to write your expenses categories and determine what you want or need in your wedding.

So, let’s recap: 1) You are going to face reality asking yourself what exactly you can afford in reasonable time according to your financial circumstances, 2) You are going to have an open communication with your Fiancè about ways to help and reduce the budget, 3) You are going to accept help if offered; and 4) You will set your Wedding Budget on paper applying your vendor research (your last week’s homework).

I personally believe every couple is different, so is their Wedding Budget. There are multiple versions of what a budget should look like but the reality is that your wedding budget is the blueprint of YOUR wedding, so it may be different from what the industry suggests.  Make the best of it IN PAPER, and make sense of it. Remember, we are not writing any checks or swiping that Amex just yet.  First, we are making sure you are prepared to go out there and face the music (and the gown shopping, for all we care!).  Stay with us to find out what is next in this amazing journey of planning your dream wedding! There is a lot more to do before we say “I Do”.

Do you need help setting up your Wedding Budget? Just contact me!

L♥ve you always, and remember Be Brava, Be You!

Silvia

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