Tuesday, February 10, 2009

Have You Set Your Budget?

Have you got a Budget?
Your very first step should be to set yourselves a realistic budget. Sit down with all the parties involved, work out who will be paying for what and how much each party has budgeted for.

It is important to remember that a gorgeous wedding is available to every bride and groom, regardless of budget. The key is to be realistic from the start about your finances and to agree in advance on who will pay for what. Then, do your best to stick to your decisions. Whether this is your first, second or third marriage, the most important part of your planning is to make your wedding a reflection of you as a couple and the commitment of love you are making.

Try to look past other people's expectations and envision the wedding that both of you will enjoy and that you, or your families can afford.Planning the budget for your wedding may lead to a tough conversation about money with your spouse to be and your respective families, but it is good to begin the process with a practical discussion about wedding costs. Discuss your fantasies and then try to figure out a way to adapt them to the reality of your chequebook. Once you have made your basic decisions, you should revaluate your total budgeted cost. The number of guests you invite, the location, and the food and beverages served will add up to the major portion of your expenses. Using the worksheet, pencil in the amounts you think you would like to pay for these essential items. If the total is more that two-thirds of your budget, you need to rethink these categories and trim expenses.As with so many wedding traditions today, the customary rules of who pays for what are becoming outdated. Some couples find it useful to set up separate bank account earmarked for the wedding.

Any way you decide to split the cost, don't let the budget bog you down and cause you to lose sight of the reasons you became engaged in the first place.


Traditionally

The Bride and her family pay for: Invitations Ceremony, Reception, Brides Attire, Grooms Wedding Ring, Flowers and attendants gifts.

The Groom and his family pay for: Celebrant, Brides Wedding & Engagement Ring, and Attendants Gifts. Reception beverages, Honeymoon.


(Wedding Links does have a Wedding Budget Planner available in excel format. This planner indicates what you will need to allocate your budget to, plus it gives you a percentage % indication of how much you should allocate to each area.)

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