Generally speaking, getting married with the person you love can be one of the happiest days of your life. Your marriage will be the beginning of your journey together as husband and wife, along with your future children.
However, planning and preparing the best wedding day ever can be a challenging undertaking. One of the reasons could be the breakdown of your wedding budget since it’s considered the trickiest task to deal with throughout the process.
Thus, if you’re planning your own wedding, below are some tips on how you should calculate your budget for this one-in-a-lifetime event:
Determine Who Is Contributing
While it’s just you and your spouse-to-be who’ll spend for your wedding, it can still be a good idea to find out who’s willing to contribute. Maybe, your parents or other family members may have the intention to chip in, which is why you should try to determine how much each party is eager to spend for your wedding.
Typically, ascertaining who’ll be your contributors can go a long way in the calculation of your budget. The more you know who can help with the financial aspect, the more you’ll figure out how much of your wedding budget should be allocated to certain expenses.
Come Up With A Spreadsheet
Once you get an idea as to how much financial assistance you’re getting, including your own contribution, the next thing to do is to prepare a spreadsheet for all your potential expenses. With a detailed spreadsheet in place, you’ll be able to determine the amount of money you should budget for each item and service.
Thus, to create a spreadsheet, be sure to include the essential elements and break down each category based on their costs. For example, under the ‘wedding décor.’ designate a column for your special lightings, decorations, and flower arrangements, like the ones you can get with the The Bouqs bridal flower services.
From there, fill in the columns with the necessary information, such as the vendor information, estimated and actual costs, service fees, transportation costs, and taxes. Lastly, designate a row for the grand total, and add all the items as you go on with your planning and preparation.
Estimate The Number Of Guests Who Are Attending
Another way for calculating a budget for your wedding is to estimate your guest count. In most cases, the potential costs of a wedding may depend on the number of guests who are attending. That’s because the estimated guest count will impact the size of the venue, the amount of food to prepare, and every wedding must haves that you should be familiar with.
Generally, by looking at the number of persons in attendance, you can make the budget calculation much easier and faster. Not only that, but you can also become more strategic with your wedding costs if you know who your invites are.
Try To Negotiate With Your Wedding Vendors
Just like other events, everything can be negotiated for a wedding. This means that several vendors are willing to negotiate and customize their package based on your financial situation. So, to help you calculate a budget for your wedding, don’t be afraid to negotiate with specific vendors.
Try to be honest and upfront about your concern by letting them know that you love their products or services, but you’re only allowed to work on a certain amount. Chances are the vendor will agree on tailoring a package that suits your financial capacity.
Remember, as long as you’re flexible in terms of your financial resources, you can work something out with your wedding vendors without breaking your bank account.
Do Your Research On The Potential Expenses
As mentioned, planning a wedding can be a tough job. There are plenty of costs, both the apparent and hidden, as well as small wedding details that often get forgotten that you should factor in when calculating a budget.
For example, you may not only pay for the venue’s rental fee, but you may also have to cover some setup and breakdown charges. Also, you may have a lot of suppliers to tip after the wedding.
With these instances, it’s important to educate yourself about the obvious and the hidden expenses to avoid having a budget that gets blown out of the water. The more you do your research, the fewer surprises you have to deal with, and the more you can calculate a budget that suits your financial situation.
The Bottom Line
Indeed, planning a wedding can be an overwhelming process. With all the things that need to be considered, it’s easy to overlook some important expenses during the computation of your budget. Fortunately, by following the things mentioned above, you can come up with a budget that’ll work best for you and your spouse-to-be.
After all, at the end of the day, it’s not only the money you spend that matters, but it’s the joy and excitement you feel upon marrying the person you want to spend the rest of your life with.