How to Determine the Right Wedding Budget for You and Your Partner
One of the best ways to set a good tone for the rest of your wedding planning process is to create the perfect budget that makes sense for you and your partner.
We always emphasize the importance of staying in the parameters of your wedding budget–but how does one figure out a figure that makes sense for them? Here are our tips on refining that perfect budget that will allow everyone to feel good about the planning process.
First things First: The Wedding Essentials
Before you start thinking about budget specifics, think generally about the items that are the most important to you and your partner. Whether it’s your dream venue, photographer, or caterer, decide what’s highest to lowest priority to both of you.
Your Own Budget (With Some Help From Your Friends/Family)
With your priorities set, now is the time to confirm who will be contributing to your wedding (and how much). Once you figure out how big your wedding donation fund is, you and your partner need to decide on how much you both are willing to put into your special day. Be realistic about a number that fits your personal finances and long-term goals.
The Guests
One of the biggest determining factors of your budget will be your guest count. Think about the type of wedding you envision for the both of you–are you the social type who doesn’t mind a large party, or would you rather keep the event intimate? From there, you’ll be able to determine how much you’ll set aside for catering and how that translates into a per-person breakdown.
Good Old Fashion Research
Some general things to know about weddings, is that location, day of the week, and time of year can impact a wedding’s cost. One way to save some money with your wedding date is to have a wedding during an off-season time or during the week. The location of your wedding can also make a big difference in cost–so take into account what you’re willing to splurge on!