Creating a Budget
One of the most worrisome aspects of any wedding has to be the budget. We can tell you from experience, when you create a budget, tack on at least an additional 5%. Why? Because not only will your taste change throughout the planning process, but also because things will simply will cost more than you expect. Many vendors just hear the word "wedding" and will mark up their prices drastically because they know most customers will pay it.
As stated in an earlier post, the greatest influence on your budget is the guest list. If you haven't read that post, we encourage you to do so and go through with the process of creating your guest list before your budget.
Be In Love Designs has created a simple formula to help you create your general budget. To calculate your budget, simply multiply your total budget by the percentage of each category. You can also modify your budget by slightly changing percentages in aareas where you know you'll spend more or less for those services, (such as a friend is doing your hair and makeup.) Using this formula, a $20,000 wedding would have spent approximately $800 on Wedding Stationery.
Wedding Expenses & Suggested Budget:
42% Reception: beverages, catering, cake, rentals
2% Ceremony: facility, clergy, rentals, license
9% Apparel: gown, formalwear, assessories
10% Photography & Videography: shoot, edit, prints
6% Flowers: ceremony, cocktail hour, reception
6% Music: ceremony, cocktail hour, reception
4% Stationery: invitations, menus, postage, place cards, etc.
1.5% Accessories: favors, flutes, cake & knife servers, etc.
1.5% Gifts: attendants, parents, hosts, to each other, etc.
2% Transportation: bride, wedding party, guests
(Optional)
8% Wedding Coordinator
1% Wedding Insurance
7% Overages: tax, tips, etc.
There are many great wedding planning sites that can help you with your budget. We suggest http://www.aboutweddings.com/
Lessons of this post:
• Start with your guest list.
• Create a budget using the formula
• Leave some "wiggle room" for unexpected expenses
Bookmark this on Delicious
As stated in an earlier post, the greatest influence on your budget is the guest list. If you haven't read that post, we encourage you to do so and go through with the process of creating your guest list before your budget.
Be In Love Designs has created a simple formula to help you create your general budget. To calculate your budget, simply multiply your total budget by the percentage of each category. You can also modify your budget by slightly changing percentages in aareas where you know you'll spend more or less for those services, (such as a friend is doing your hair and makeup.) Using this formula, a $20,000 wedding would have spent approximately $800 on Wedding Stationery.
Wedding Expenses & Suggested Budget:
42% Reception: beverages, catering, cake, rentals
2% Ceremony: facility, clergy, rentals, license
9% Apparel: gown, formalwear, assessories
10% Photography & Videography: shoot, edit, prints
6% Flowers: ceremony, cocktail hour, reception
6% Music: ceremony, cocktail hour, reception
4% Stationery: invitations, menus, postage, place cards, etc.
1.5% Accessories: favors, flutes, cake & knife servers, etc.
1.5% Gifts: attendants, parents, hosts, to each other, etc.
2% Transportation: bride, wedding party, guests
(Optional)
8% Wedding Coordinator
1% Wedding Insurance
7% Overages: tax, tips, etc.
There are many great wedding planning sites that can help you with your budget. We suggest http://www.aboutweddings.com/
Lessons of this post:
• Start with your guest list.
• Create a budget using the formula
• Leave some "wiggle room" for unexpected expenses
Labels: budget, wedding planning
Bookmark this on Delicious
posted by Be In Love Designs at
2:29 PM
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