ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

What You Need to Know When Creating a Budget for a Wedding

Updated on January 12, 2011
Source

Weddings today are a multi-billion dollar industry.  Many people think it's impossible to have a wedding that doesn't cost tens of thousands of dollars, but it is possible to plan a beautiful wedding on a budget.  Many people still choose to do this, whether because money is tight, or because they would rather spend the money elsewhere.  By creating a solid plan and a budget when you first start planning your wedding, you can save yourself not only a lot of stress, but possibly a lot of money as well.

Creating a financial plan for your wedding

One of the first things you need to do when planning a wedding is set a spending limit. You may come to this number in different ways - it may be a number you pick at random if you have unlimited financial resources, it may be a number you've been given by parents, if they're paying for the wedding, or it may be how much money you figure you can save in the amount of time you have before your wedding. If you're paying for your wedding on your own and you want to do it on a budget, the smartest thing to do is figure out your finances, create a regular budget, and then create a wedding budget based on what you have left at the end of each week or month.

When you create your wedding budget, look at your time frame and decide how much you money have to save each day, week or month to pay for your wedding. Many places require down payments up front, so be sure to take that into account and don't put off saving until the last minute if you can help it.

Know up front if you're going to have financial help. Are your parents or other family members going to be helping you with the costs? It used to be that parents almost always paid for a wedding, but that's not necessarily the case any more with the cost of some weddings being sky high. In some cases, if parents aren't willing to foot the entire bill, they're still willing to contribute in some way, or for specific things like venue or photography. This could be a big factor in making your budget.

Once you have your spending limit set and your budget created, you can start planning, researching and finding the best services for your wedding.

Making lists, including a wedding budget can be the key to successfully planning a wedding
Making lists, including a wedding budget can be the key to successfully planning a wedding | Source

Make lists, lists and more lists for your wedding

When planning a wedding, especially if you're planning the wedding without the help of a professional wedding planner, you can never have too many lists. Get yourself a binder or folder to keep your lists in, as well as receipts. contact information and contracts for the services you're using - this way everything is in one spot, you can stay organized, and you always know where things are.

The very first list you need to make is a guest list. This may seem extremely obvious, but making a guest list goes beyond simply knowing who's coming to the wedding. The number of guests coming will determine the size of the venue you need to rent, the amount of food and beverages/alcohol you need, and the number of wedding favors you'll need.

Make lists of all the things you need or want for your wedding. There are many wedding checklists available online with everything you could possibly need for your wedding. Some of them even include suggestions on what percentage of your budget to allocate for each item or service.

Once you have a list of everything you're going to need, you can decide how much of your budget to set aside for each thing. Now is the time you might want to start researching wedding and reception sites, florists, bakeries, dress and tux shops, etc., and getting prices so you have an idea of where you want to spend more and where you're willing to cut back.

Source

What are the most important things to you for your wedding?

Many people already have in their minds what the most important elements of their wedding are, and others come to realize these things as they're planning and researching their weddings. For some people, flowers are extremely important - they want elaborate bouquets, boutonnieres, centerpieces and arrangements. For other people, flowers are of very little importance, as they realize the flowers will die quickly, people might be allergic to them, or any other number of reasons. For many people, photography and/or videography is paramount - the photographs and videos from your wedding are the only real tangible things you take away from your wedding. The flowers die, the food gets eaten, the dress and tux go back to the rental shop or go into the back of the closet. Photographs are something you'll have forever, and something that many people are willing to spend a large chunk of their budget on.

Once you figure out what the most important elements of your wedding are, you can figure out what's not so important, and therefore where you can possibly cut costs.

An important point to consider when planning your wedding

Remember that your wedding is only one day out of your entire life. Yes, it is an important day and it should be special, but it's the marriage that is the most important thing. Many people go into debt over this one day, and it's completely unnecessary. When you're planning your wedding, try to keep in mind that you have the rest of your lives to plan for as well - homes, possibly children, vacations, retirement, etc. You don't need to go into debt to have a beautiful wedding.

Thank you for reading

Thank you for reading What You Need to Know When Creating a Budget for a Wedding.  If you enjoyed this article and found it useful, please vote it up, rate it, and/or leave a comment - you don't have to be a member of HubPages to leave comments. If you'd like to learn more about me and read my other articles here at Hubpages, you can visit my profile page. I love writing for HubPages, and would recommend it to anyone who's interested in writing online. If you'd like to join (it's free to join and a great way to make money online), you can sign up here.

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      Mylindaminka 

      5 years ago

      Но есть вещи, мимо которых пройти нельзя. Выгораживать и оправдывать СС и нацистов – что может быть более «геббельсовски»? Поэтому Валерия Новодворская становится первым номинантом Премии имени Геббельса в мае 2010 года. Хамон - это сыровяленый окорок. Приготовленный по старинным традициям он является национальной гордостью Испании. Благодаря уникальной технологии вяления, хамон имеет насыщенный аромат и вкус, а также неприхотлив к условиям хранения. Истинные ценители мясных деликатесов и доброго испанского вина по достоинству оценят Ваш Аллод. По желанию мы можем оформить и упаковать новогодний набор с хамоном.

    • SweetMarie83 profile imageAUTHOR

      Marie Landry 

      7 years ago from Ontario, Canada

      That's fantastic, I'm glad I could help! :-)

    • Holly R profile image

      Holly R 

      7 years ago

      Very helpful hub! My friend is now using some of your tips while planning her own wedding.

    • SweetMarie83 profile imageAUTHOR

      Marie Landry 

      7 years ago from Ontario, Canada

      Thank you Katrina!

    • katrinasui profile image

      katrinasui 

      7 years ago

      Nice hub about making budget fora wedding. These are really nice tips. Well done!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)