Budgeting for your wedding is one of the biggest challenges you’ll face when you’re planning your big day because every decision you make will likely come down to cost. The question of how much to spend doesn’t have a straightforward answer because it depends on so many factors like your financial situation, your priorities and the type of wedding you have in mind. But before you get lost in a sea of numbers, let’s break it down in a way that makes sense.
Setting a Realistic Budget
The first step is figuring out what you can comfortably afford. This isn’t about how much weddings should cost; it’s about what works for you and your partner. You might start with an overall figure in mind, or you might build your budget around the specific elements you care most about. Look at your savings, any contributions from family and what you’re comfortable spending without creating financial stress. It’s easy to get swept up in Pinterest worthy dreams, but remember, your wedding is one day, your marriage is for life.
Be honest with yourself about what matters most. If a designer dress or a stunning venue is a priority, then allocate more of your budget there and adjust other areas accordingly. Companies like Breezit have up to date pricing for venues which can really help with wedding planning, especially when your venue is possibly the most important decision you’ll make. Look at these Half Moon Bay wedding venues as an example of the way prices and package deals are shown.
Some Hidden Costs to Keep in Mind
Even the most carefully planned wedding budget can be thrown off by unexpected costs. These little extras have a way of adding up quickly. Things like service charges, VAT, dress alterations, marriage license fees, and even feeding your suppliers can sneak up on you. If you’re hosting a destination wedding, factor in travel expenses, accommodation and things like currency exchange rates.
To avoid surprises always ask your vendors about additional fees upfront. It’s also wise to set aside a small contingency fund just in case. A buffer of 5-10% of your total budget can make a huge difference in covering unexpected costs without causing panic at the last minute.
Splurging vs. Saving- Where to Prioritise?
Everyone planning a wedding will have different priorities. You might dream of a gourmet dining experience, while someone else might care more about the floral arrangements or a top tier photographer. Whatever you do, just don’t feel pressured to spend in areas that don’t hold value for you. If you’re not fussed about a huge five tier cake then go for a simpler option or even an alternative like cupcakes or a dessert table. If a live band is out of your price range, a great DJ can create an amazing atmosphere for a fraction of the cost.
To some brides, the big white dress is what its all about but if you’re not too bothered about that you could look at alternatives from the high street or search second hand. Think about the aspects that will make your wedding feel special to you, and don’t be afraid to cut back in areas that aren’t as important.
Should You Go Into Debt for Your Wedding?
It can be so tempting to take out a loan or put expenses on a credit card when you’re wedding planning because it’s just so easy to get carried away. But it’s worth thinking about the long term effects that wedding debt can have. Starting off your married life with financial stress can put pressure on your relationship, money is one of the main things lots of couples argue about after all.
If you do choose to borrow, make sure it’s an amount you can comfortably pay back without it affecting your future plans like buying a house or starting a family. Instead of taking on debt, think of ways to bring down the price. If you extend your engagement it gives you time to save more. You could go for an off peak wedding date like during the colder months or on a weekday even. Or go for a smaller guest list- there are so many ways to have a beautiful celebration without overspending.
