
Everywhere you turn you hear the word, âbudget,â these days. You hear people budgeting their savings, their homes, their trips to the supermarket. Budgeting is a great financial resource for those intelligent enough to employ it in their lives. However, your budget isnât just for your monthly finances and savings and retirement. Itâs for everything in between. For example, if youâre planning your wedding, youâre going to want to know how to start creating your wedding budget. These tips should help you get started (and youâll want to budget once you realize that the average small wedding costs approximately $23,000).
Talk to Your Fiance
You need to be on the same page. Youâre not marrying him because you donât talk to each other or have similar values, so donât start ignoring his feelings now. If you want to spend $50,000 on your wedding (and you have that kind of cash to spend on it) and he isnât comfortable with that, you need to know. You need to agree on a reasonable budget and talk about why you chose this amount before you start planning.
Make Your Guest List
Sometimes people tell you that you donât need to make your guest list right away. However, you should. Making your guest list right away allows you to figure out plenty regarding your budget. For example, it helps you determine how much to spend on a venue that will accommodate your number of guests. It will also help you to choose your menu and drink budget, as well as your budget for wedding catering services. Go ahead and make that guest list; itâs imperative.
Find Out if Anyone is Helping
Traditionally the brideâs family pays for the wedding. Today, however, that is a tradition many people donât abide by. Most couples pay for their own wedding. That doesnât mean your parents donât want to help out, though. Ask them if they want to, can afford to or were planning to â just donât pressure them to â so you know what you have to work with.
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