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How To Set Your Wedding Budget

Whatever your wedding budget is the way the expenses are divided up is roughly the same. The wedding budget formula is not set in stone, but if you use it when working out costs it will save you overspending. If you manage to make savings in one area, you can put it towards another or save it for all those extra unforeseen costs.


Budget guideline 
  • Reception 50% of total budget
  • Bridal Attire/Bridal Party 10-15% of total budget
  • Photography/Videography 10% of total budget
  • Flowers/Decorations 10% of total budget
  • Music 5% of total budget
  • Transportation 5% or less of total budget
  • Invitations 4% or less of total budget
  • Misc. 10% of total budget

Here is an example cost breakdown of an average $8,000 wedding:

  • Reception $4,000
  • Bridal Attire/Bridal Party $800
  • Photography/Videography $1,000
  • Flowers/Decorations $700
  • Music $600
  • Transportation $500
  • Invitations $300 
  • Misc. $1,100
By 

This is just a guideline, every wedding is unique and there are no set of rules. It all depends on the couples preferences and priorities. Some couples may want to spend more on the reception and less on the ceremony or more on bridal attire and modify the floral budget. The variations are endless.

The average bride and groom these days are older and more career established resulting in 70% of all weddings today being paid by the couple themselves entirely. If your parents are paying for the wedding or contributing now is the time to discuss budgets and limits. Be realistic and appreciative. If you wish to have a wedding that goes above and beyond what your parents are willing to expense then compromise. You can cut corners without sacrificing quality. By choosing the time of year when costs are lower, by choosing an affordable venue site, finding vendors with special wedding packages, or having a smaller wedding party.

If you are paying for your own wedding then you should have a good idea of what you can realistically afford. If your budget is limited then you need to decide your priority vs. cost. You can have a large guest lest with a causal wedding or a small guest list with a big, fancy wedding, you get to decide! Good luck with your budget planning and congratulations on marrying your best friend! Article Source 

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