A huge topic while wedding planning, wedding budgets are something that everyone has but nobody talks about. We decided early on in our planning process that we needed to decide how much we were comfortable with spending before we set any concrete plans
It seems obvious but for many the first conversation in budget talk is opening up about one’s budget and status of savings. For Justin and I we talked about how much we felt like we could save within the proposed timeline before our wedding. This allowed us to establish an idea as to what money we would have on hand to pay for the wedding WITHOUT touching our credit cards.
The next discussion we had was regarding was how much debt we were comfortable with taking on to have the wedding over our dreams. For some people, they are able to plan a wedding of their dreams without accruing any debt. While I am envious, we are not those people and unfortunately will be putting just over a 1/4 of our wedding on those dangerous credit cards. We have a plan to tackle the debt post wedding but unfortunately after buying a house just last year are not in a place to have our wedding debt free.
Potentially the most important thing to quickly detail are the must haves for the day. What you might find is that many of the things you find value in having on your wedding day are not the same as you soon to be spouse. And until you get on the same page, you can’t accurately determine what you are comfortable with spending. We must have talked about florals nearly a dozen times. Each time never coming to an agreement on a budget for flowers that would die the very next day. It’s tough, but these are the things that make our break wedding planning!
I also recommend including in your must haves list, your “nice to haves”. Those little things like a sparkler exit, photo booth or whatever else you want that you want to have but don’t need to have on the big day. This way, if you find yourself in a position with more room in the budget, you can take a look at your nice to have list and spend your money there!
Once you and your soon to be souse have finalized those budget details, it’s off to the races to find the vendors and venues that fit both your dreams and budget. Here is a FREE Wedding Budget Template we built and used for our wedding. It helped us to stay organized and in control or our expenses. Feel free to download, check it out and see if it works for you! I would love to get your feedback.
Please note that our budget and how we finalized out budget was what worked for us and may not work for everyone else. But I hope that by talking through out process for establishing a wedding budget maybe we can help another soon to be bride bring her big day to life without the financial stress.