Tuesday, May 6, 2008

Tips for Creating a Wedding Budget

Setting a budget, is really critical to being able to enjoy your wedding day, and not starting your married life in debt. I suggest that couples take one of two avenues when selecting the options to be included. The first is to cost out the essentials only. The second is to include everything they could possibly want.

Once the budget is estimated they can then either add or delete items based on the costs. You have to know which method works best for you based on your own personalities. Dealing with the expenses is also a good way to find out how you and your future spouse will be able to communicate when you need to problem solve. Developing the plan for the wedding is meant to be a fun and exciting experience. If you find yourself getting stressed out, take time to think about it in a more relaxed manner.

I recently worked with a couple who were planning for 100 guests, wanted a seated dinner, band, photographer and videographer for the ceremony and entire reception, plus, plus, plus and had a budget of $5000. I offered many ways to reduce expenses and they wouldn't hear of it. If expenses are too high you have to either reduce the some of services or the guest list. My opinion is that you should not go into debt for years just to have an extravagant wedding .

Generally there are specific areas that are very

important to the couple. Decide together what the key items are and where you are willing to compromise. Creative and co-op financing is often the case. Many couples are paying for the wedding themselves or sharing the expenses with their parents. Grandparents have also helped out so that the number of guests could be increased. Decide what is important to you and then calculate what you are able to spend comfortably.

The important thing is not how much you spend, but the memorable, loving and romantic day your are creating together.

No comments: