As a result, changing the guest list size is the surest way to increase or decrease your costs. There's a per-head cost for food and liquor, and these two are typically the biggest expenses of the whole wedding. The size of your wedding has a massive impact on the amount you'll spend. For example, you might cut back on the floral spend to account for your catering bill." Sit down with your S.O., as well as anyone else who might be financially contributing to your wedding, and have an honest conversation about what you have to spend, and how you should prioritize the investments. "Couples may need to compromise and cut back on spending in one area to get what they want in another. "The best way to stay on budget is to be realistic about what you are willing to pay each step of the way, from the venue to the vendors to your dress and accessories," explains Kristen Gall, retail expert and president of Rakuten Rewards. What you can actually afford will impact how you spend your budget. It's imperative to be honest about your wedding day expectations from the start.
#Wedding budget how to
Here are five key factors to consider when determining how to allocate your wedding budget. This means that no two wedding budgets will look the same. As mentioned above, a number of factors go into how you actually spend your money. Now that you know what a typical wedding budget breakdown looks like, it's crucial to familiarize yourself with the top things to keep in mind when allocating your funds. Reserve 2% of your budget for your stationery suite. This stationery budget will also cover your ceremony programs, menus, thank-you cards and more. Just think, your save-the-date cards and formal invitations are the first glimpses of your wedding that your guests will receive. Wedding invitations and paper goods are very important details of your nuptials. If you're hiring a soloist or ensemble for your ceremony, expect to spend about 3% of your budget to have them perform. Live musicians, such as a string ensemble, harpist, guitarist or steel drum band, can set the tone for your wedding ceremony (and can often perform during cocktail hour as well!). Save at least 3% of your wedding budget for transportation. Others like to hire a limo for the wedding party or an elaborate getaway car after the reception.
This may involve hiring a bus or shuttle to run to and from the hotels. Many couples like to hire transportation to ensure their guests get to the right venue at the right time. Either way, you can expect to spend about 6% of your total budget on your event rentals. Your event rentals may be included in your venue rental fee or catering package, or you may have to hire a separate rentals company. Event Rentals: 6%Įvent rentals, which includes everything from tables and chairs to dishes, silverware and drinking classes, are an often-overlooked expense-but not a small one.
Save 6% of your total budget to cover the cost of a wedding planner.
#Wedding budget professional
After all, you can rest easy knowing that your celebration will go off without a hitch when you have a great professional taking care of all the details. Wedding Planner: 6%Ī wedding planner can make all the difference when it comes to your special day. This percentage should include the cost of the wedding dress and/or suit, along with shoes and any accessories, such as jewelry or cufflinks. Our data shows that couples typically slot 7% of their budget on their attire. Your outfits are key components of your overall wedding budget. If your wedding budget planning allows, we recommend setting aside about 7% for a videographer. We're big proponents of investing in a wedding videographer, because nothing will bring back your favorite wedding memories quite like a short film. Much like pictures, a video will also memorialize your wedding day. We found that, on average, 8% of the wedding budget is dedicated to florals. Plus, many couples opt to carry bouquets or wear boutonnieres too. Flowers: 8%įlowers can completely transform the look of your wedding. If your wedding venue package doesn't cover alcohol and you're planning on incorporating it into your nuptials, we recommend slotting about 8% of your budget toward this expense. To-be-weds usually spend about 9% of their wedding budget on their photographer. Great photos will last a lifetime and become prized keepsakes from the big day, making this a splurge-worthy purchase. Photography is one of the best investments for your wedding.
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