Get the finances in place first, so you can get to planning the dream wedding day that won’t put you in debt.
Let’s be honest: financial planning isn’t the most exciting part of planning your wedding. There are venues to tour around, musicians to pick and – of course – dresses to try, and you surely can’t wait to begin!
However, before you start, it’s best to get those finances in place; weddings don’t come cheap, so you need to be prepared. Yes, you can have a wonderful wedding on a budget, but you still need to be clear on what that budget is before you begin planning.
Fortunately, we’re here to help so, if you’ve just got engaged, sit down with your fiancé/é and get those all-important figures finalised so you can get into the swing of the fun part of planning in no time!
Gone are the days of the bride’s father footing the bill (although, you may still choose to go down that traditional route). Instead, you first need to establish where the money’s coming from; are your parents wishing to contribute? Do you have savings put away? Will your fiancé/é be putting up the funds? Working out the source of your budget will ultimately determine how much there is to spend!
How will you spread the costs?
Do you have savings upfront, or will you need to put aside a little of your wage each month? If it’s the latter, you need to work out how long it will take you before you’ve saved the amount you need for your wedding, and having these financial plans in place will allow you to pick a realistic date for your special day to suit your savings schedule.
Have you done your research?
Do you know the sort of costs you can expect to pay? Many couples are unfamiliar with the fees that wedding suppliers charge – justifiably so, as they’re the experts in their field and seasoned professionals. Do your research to give you a clearer idea of what sort of fees to expect to pay for your perfect venue, professional photographer, or dream florist.
What can – or can’t – you compromise on?
For many couples, there are areas of their wedding that are just non-negotiable. For example, you’ve dreamed of that perfect designer dress for years, and you’re certain that that dream dress is going to take a certain percentage of your budget.
On the other hand, there may be elements of the big day where you can make a saving. For example, you may feel that getting married and holding your reception in the same venue is for you, so you won’t have the cost of guest transport from church to hotel. Having these thoughts in place will help you see how much money it looks like you’ll need.
Getting your budget in place early on will mean a start to married life free from debt and financial worries, and allow you to plan your dream wedding day to suit you and your budget.
Do you have any other budgeting advice to share with our engaged couples here on WeddingHour? We’d love you to comment below, or get in touch via [email protected] to share your tips.