Tips for Creating a Wedding Budget

Wedding BudgetingThere are fun parts of planning a wedding, and then there is the budget. Unless you’re a huge fan of math, you may not be looking forward to tracking your spending and sticking to a wedding budget. But whether you’re working with $3,000 or $30,000, setting a budget can help make sure your wedding day is the stuff of dreams, and that you don’t have to live in the poorhouse with your new husband when it’s over. Best of all, by establishing your wedding budget early, you can spend less time worrying about the money you’re spending, and more time planning for your beautiful day, and the wonderful life you two are starting!

Start at the Beginning

First things first, you need to discuss with your fiancé and your family who is going to pay for what. If the two of you have saved for your big day, your initial budget may be quite clear. If one of or both of your families will be contributing, it’s important to find out how much they have designated. This may be awkward, but once you have a total wedding “revenue,” established, it becomes much easier to determine how to spend it.

Allocating Funds

Most wedding experts recommend budgeting 50 percent of your total saved for reception expenses, including the venue, any necessary rentals, food, cake, beverages and a DJ or band. From there, you should designate approximately ten percent for attire (including your dress, shoes, accessories and makeup and hair appointments, as well as your groom’s suit, any alterations, etc.) and 10 percent for photography and/or videography. 10 percent for flowers and decorations is a common estimate, followed by 2 to 3 percent for the invites, another 2 to 3 percent for gifts, and 8 for miscellaneous expenses.

It’s also important to designate anywhere from 5 to 10 percent for surprises, such as umbrellas for guests, if your day ends up being rainy. You’ll also want to find out early on how much you will need to pay your officiant and for use of the ceremony site, if it’s going to be different than your reception. Don’t forget to budget for your wedding rings, as well, if those haven’t already been purchased.

Adjusting for Your Tastes

Of course, your wedding budget should be catered to fit your desires for your wedding day. So if photography is of the utmost importance to you, you may choose to spend more than 10 percent on that service. If your family does not drink alcohol, you may wish to relocate some of your reception funds to cover travel expenses for out-of-town guests. Basically, you should prioritize your expenses based on what matters most to you and your fiancé. Keeping in mind the overall feel you’re hoping to achieve, and the memories you hope to make, can help you decide how to best allocate your funds.

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The natural beauty of the Texas Hill Country and the rustic charm of our four unique venue sites create the perfect wedding or event venue for any budget. We offer the flexibility to choose your own vendors or opt for an all-inclusive package. Conveniently located near Austin, San Marcos, and San Antonio, Texas Old Town is sure to make your wedding, special event, or corporate event something to remember! To schedule a tour of our event venue in Kyle, TX, call our office today at (512) 396-1800 or complete our online contact form.