How to Create a Wedding Budget
A budget can be a showstopper when it comes to determining which aspects of your wedding day vision can realistically be achieved. Although, most newly engaged couples would agree that having one is completely necessary to keep them under control. Creating a budget doesn’t have to be a complete buzzkill though. Keep reading to learn how to create a wedding budget, and how it will help you make the most of your hard earned moolah.
Find Your Grand Total
To kick things off, you first need a grand total. Whether it comes from you, your parents, family or friends, count it all up. Establishing how much money you have to start with will help put your spending in perspective. Trust us, your venue, vendors, and all the little things in between will add up quickly. An established limit will help keep you accountable. We also recommend that keep a family member or close friend on hand, to give you a quick reminder should you start to get carried away.
Before you sign with any vendors, you should be diligent in comparing prices. This can be difficult if you feel set on a particular vendor or venue, but it will save you in the long run. For example, you may be completely sold on the work of one photographer. However, a photographer with a near identical style may cost a grand less. Do you still want to book the more expensive one? If so, that is okay! At least you knew your options. If you opt for the less expensive one, you will have saved a grand. Comparing estimates will help you invest wisely, and spare you some regret when you get the bill.
You will quickly learn in the budgeting process that some aspects of a wedding cost significantly more than others. If you have already compared a variety of vendors, you may also be set on a specific one. Depending on how much each costs, you will likely have to compromise in some areas. Say your dream venue takes up a solid chunk of your budget, you may have to find a cheaper photographer than the one your preferred. This give and take is integral to sticking to a budget. Frequently overlooked, don’t forget to consider the cost of your honeymoon. Many couples are willing to pay less in other areas for a more extravagant trip.
Have a Safety Net
A safety net is necessary in any scenario, not just weddings. However when you are spending so much in such a short amount of time, you could easily be left drained after one setback. This is an unfortunate reality that many couples have faced, whether due to fraudulent businesses that left them high and dry, or any other number of circumstances. If you don’t already have a safety net in place, it is essential that you set aside a portion of your wedding budget for such instances.
Besides getting estimates, there are a number of ways that you can be proactive in order to save money. The first, and by far the most popular, is to DIY. It is a great alternative for decor, floral arrangements, and much more, thanks to websites like Pinterest. In exchange for time and creativity, it can help you save a surprising amount of dough. For additional ideas check out our previous blog, 8 Ways to Save On Your Dream Wedding.
At Pine Lake Ranch we are proud to offer wedding packages to suit a variety of couple’s needs, whether it be our venue only option, an all-inclusive plan, or additional rentals. Our team is dedicated to caring for and catering to you, in order to make your day absolutely perfect. We have everything you need to play, love and relax! Contact us today with any questions, or to book your event.