Hola, and welcome to the V&V blog! I'm Virginia—Wine lover, loyal friend and wedding planner based in Warrenton, VA! My passion is to help happy couples to bring their vision to reality and be part of their story! Grab your favorite wine, curl up on the couch, and enjoy scrolling through some of my recent weddings, getting all the latest planning inspiration, and learning from my best planning tips!
Setting the wedding budget is one of the five first steps to get started with your wedding planning. Creating a wedding budget is not an easy task, but it’s important that you keep your finances on track. Our excel spreadsheet will give you a wedding budget breakdown do you can just update your information.
These tips apply from the smallest backyard party to the most lavish ballroom; you will use the same approach. Remember, once the budget is set, you must keep track of where the money is coming from and where it’s going. Here some tips that I hope help you:
1. Sorting the finances:
Before you decide how much money you can spend you will have to decide where the money is coming from. Traditions used to dictate that the bride’s parents paid for most of the wedding expenses but nowadays we know that things can be different. Your possible sources include: savings accounts, bride’s family, groom’s family, friends or closes relatives contributing wedding services in lieu of gifts, credit cards or bank loans. This can give you an initial budget amount.
2. Budget vs. Wedding style:
Compare the desired wedding style to your expected budget. For example a ballroom wedding with 400 guests calls for a very different budget that an afternoon gathering with fifty guest. Make sure your expectations are realistic and align with your budget.
3. Setting priorities:
Once you know how much money you can spend on your wedding, the next step is to set priorities. To develop a budget that reflects your personal tastes, you need to know which aspects of the wedding are most important for you. If the ceremony venue is most important, then money should be set aside to pay for your dream location.
4. Starting the budget:
Once you know what your top priorities are, you can start developing a detailed budget. The most effective way to build a budget is to work with a spreadsheet program on your computer. Because I care about you, I have provided a FREE Wedding Budget Excel spreadsheet template for you. You can use it as a general guide and personalize according to your needs.
5. Keep expenses on track:
Once the budget is set, you need to stick to it. Every time a purchase is made, a deposit is paid, a charge is made to a credit card, or a check is written, you should track it on your budget spreadsheet immediately. Setting up a “wedding only” savings account can really help.
I’ve created a quick and easy FREE email course that will teach you in just 7-days how to plan your wedding step-by-step. Take advantage of all the great tips shared by an experienced wedding planner and sign up today!
Not sure where to start planning or what to do next?