Creating a wedding budget is simultaneously one of the most important, stressful, and challenging aspects of a wedding. Lucky for us, we have a wedding planner to help us get organized. But even before our wedding planner was involved, we sat down and discussed our budget together and with our families. I thought it would be helpful, since talking about a budget is such a dull topic, to make this blog into a sort of handy list. So let’s dive into some things we considered in creating our budget for our wedding.
1. Talk to your family
First thing’s first, who is financing this wedding? Traditionally, the bride’s family funds the wedding entirely with the groom’s family covering the rehearsal dinner/Friday evening events. Now that we’re in 2015, this isn’t as much of a given as it used to be and nor should it be. Besides the obvious sexism ingrained in the bride’s family covering all the costs, it is just not realistic for a lot of families to finance a wedding anymore. Have you seen the cost of a caterer? For my fiance and I, we have decided to finance a majority of the wedding ourselves, but our families are kindly pitching in as well. Knowing what they can contribute from the beginning gave us a framework for our overall budget. A good way to approach this is to have conversations with both of your families separately and simply let them know that if they want to help financially, it’s much appreciated, but by no means should they feel obligated to do so. If you’re hoping to have a large, dream wedding you may need to stretch your budget a little bit. A friend of mine decided to look into hard money loans and she managed to get one to help pay for her big day. Not everyone has a family that is willing to contribute financially so it’s good to know that there are lots of other options.
2. Don’t spend money that you don’t have
By no means should anyone, ever, under any circumstances, go into debt to have a wedding. If this is currently a situation you find yourself in, it may be worth doing some research into how to get out of debt, as this will be one less thing to think about when it comes to planning a wedding. As weddings can be expensive, being financially stable will make a lot of difference. I mean, come on people. Weddings are getting out of hand as it is and you want to go in debt for one? Buy a house for Pete’s sake! Keep in mind that you are entering into a marriage and don’t lose sight of the overall meaning of a wedding. Also remember that no one is going to pay any attention to your centerpieces. At the end of the day all that matters is that you and your partner have declared your love and lifelong commitment to each other in front of all of your closest friends and family. Not to mention have the party of a lifetime afterwards. I don’t know about you, but I’ve thrown pretty great parties with some simple decorations and some good whiskey and ginger beer.
Read more “Wedding Wednesdays: Budgeting”