Setting Up Your Wedding Budget

Setting up wedding budget spencer studios

Reality Check!

Before the fun part can truly begin, it's important to set up your wedding budget. With this in place from the beginning you will, hopefully, plan more efficiently throughout your engagement. Here are some key components to keep in mind when building your budget:

Decide who is paying for specific items. Traditionally, the bride's side pays for: church costs, flowers, invitations, reception/venue, transportation, wedding dress; while the groom's side pays for: honeymoon, liquor, marriage license, officiant fee/gratuity, rehearsal dinner
Reception Costs will probably be somewhere between 40-45% of your overall budget

The Splurge Cushion: Inevitably planning your dream wedding means that costs will be more than you anticipated. Make sure to put a little bit extra into things you think you'll want to splurge on, like extra hours for the band, a specific type of flower, printed menus, etc.

A very easy way to break down your budget, from vendor deposits, to spa treatments, is to use a budget calculator. A budget calculator will provide the appropriate expenses for each portion of the wedding. Once you have locked down a reasonable budget, take a deep breath and have fun!

Photo by Spencer Studios

Posted on July 28, 2015