Wedding Budgets ~ How to Not Go Into Debt
Yes, that’s right. We need to talk about the dreaded b-word. No bride wants to have a serious conversation about wedding budgets. Let’s be real, its just no fun to have the money conversation, but its very important for everyones sanity.
Setting a realistic wedding budget in the beginning will help guide the majority of your decisions. For most people, booking the $5,000 wedding photographer is not going to be in your budget and it’s good to know that from the beginning.
Having a budget does not need to be a bad thing. Deciding on a budget and making yourself stick to it can help alleviate some of the last minute wedding stress. It’s easy in the beginning to give a few hundred dollar deposit, but when the remainder of the bill is due a few weeks before your wedding, it is not so easy.
When having your wedding budget conversation with your fiancé, it is important to talk about what your priorities are for your wedding as a whole. My fiancé and I decided that it was more important to us to go on a three week honeymoon to Europe instead of having a more expensive wedding or inviting more people.
After you and your fiancé have talked about the budget, it is important to bring anyone that will be contributing financially to your wedding into the conversation. It is also important to remember that not everyone will be able or willing to contribute to the wedding. If you’re uncomfortable bringing the conversation up with certain family members, you may want to not count on them giving any money until they bring it up.
Weddings and wedding planning can get emotional, especially when it comes to money. It is important to not get emotional about the fact that you might not have the money to do everything or book the best venders. Having a tighter budget will cause you to be more creative in your planning and that could be the best part of your wedding. I have been to a few weddings where the budget was smaller but the fun and enjoyment was higher. Don’t let it get you down.
It is also important to step back and be realistic about what you really want. Having unrealistic expectations will be the killer of joy when it comes to wedding planning. Please, for everyone that is involved’s sake, don’t whine and say, “But, I want it!” Sometimes you will not be able to get everything you want exactly how you want it…and that needs to be okay. That means you may need to cut in some places or do more DIY stuff leading up to the wedding.
Lastly, always save a minimum of $1,000 extra above and beyond what you think your wedding will cost. This will be your wedding “emergency fund” for the things that will come up last minute. I know I had to use a chunk of our extra money saved when things fell apart last minute. Having that extra money took away the money tree when I was having to deal with other last minute wedding stress.