|Image via Pink Galoshes|
Once you've finished basking in the glow of the engagement, you'll find it hard to get anything accomplished without a detailed wedding budget. You've watched countless episodes of My Fair Wedding with David Tutera & Platinum Weddings and bought tons of wedding magazines. However before making a single plan or purchase open your eyes & visualize what you can afford. One that will allow you to choose the most important elements you want for your big day.
It is extremely important for brides and grooms together to create a budget, the "magical number". The first thing to consider is how much money you have at your disposal. Do you have any savings for your wedding? How much of your income(s) do you and your fiance' want to invest in this wedding? Transferring a set amount into a joint account each month is a good way to start saving. Without an overall budget in place, it will be very difficult to know what you can afford for each aspect of your wedding. You'll find that deciding on the budget is the hardest job because you want to have the most memorable wedding possible.
The best way to make the best out of your wedding is to plan effectively. Know your guest count and know your budget. Enter them into a spread sheet, print them out and keep them with you. (When you become a MemorableMo bride, you actually receive an online wedding workbook for free...to help get you & keep you sane from the very beginning.) Do your research and don't be afraid to ask questions...just make sure you're asking all the right questions. Trust me. No one wants to start their marriage off with financial regret, remember to stay within your means.
If possible speak to your parents to discuss any contributions to the wedding (cake, flowers, etc). We all know the tradition of the bride's family paying for the wedding, however four out of five couples are now paying for their own wedding. Once you can come to an agreement of the overall amount you can spend, divide that amount into parts & decide what percentage you are willing to spend. The overall budget " the magical number" must include the venue(s) for the Ceremony/Reception, Officiant, Catering, DJ/Band, Rentals, Stationery, Photography/Videography, Florals, Wedding Cake...oh don't forget about that white carpet ready gown & hubby-to-be's Tux/Suit. Oh that's not it....your accessories and if your giving gifts to your bridal party and don't forget about transportation to and from your venue(s). There's alot to factor in to that "magical number".
Check out our blog tomorrow for Part 2 as we talk about some of the details when sticking with your wedding budget.