September 22, 2017

How to Create a Wedding Budget

A wedding can be a costly affair in Australia. From the gown and flowers, to the venue, reception, and bonbonniere, it is very easy to overspend and face a large debt long after your wedding day. You do not want to start your married life struggling to get out of debt.

For the money-conscious, make sure to create a priority list.

When planning a wedding, one of the important steps to take is to create a wedding budget. Just like in your house where you set a household budget, knowing how much you can spend and where to allocate your money will greatly help in keeping your expenses under control. Here are several ways to create a wedding budget:

Cover the essentials

If you have more than enough funds, then you can have everything that you want in a wedding without worrying about being in debt for a long time. Realistically this is usually not the case. For the money-conscious, make sure to create a priority list.

Essentials that should be in your wedding budget are the dress, suit, celebrant, venue for the reception and ceremony, food, and flowers. List all of these items in order of importance. Then again, it depends on the couple’s preferences. You may want a live band or top-notch photography, but the idea is to identify which components are more important to you. In this way, you’ll be able to allocate funds appropriately.

Look for suppliers

To have a better picture of how much your wedding will cost, do your research and shop around for different suppliers and companies that offer wedding-related services. When grocery shopping, you will most likely have your household budget in mind. When planning a wedding, think about your wedding budget and work around it to ensure that you will not spend too much money.

Keep track of your expenses

If you use a household budget planner to organise all expenses at home, you can do the same when planning a wedding. This will quickly tell you where your money goes and at which parts you can cut costs so you can allot more money for other essentials. This will also keep you on top of everything that costs money and avoid overspending.

Anyone who’s getting married wants an amazing wedding, but this does not mean having to spend what you cannot afford. You’ll only end up paying off debts in your married life. Create a wedding budget and allot funds to wedding aspects that are important to you.

Do you have other tips on how to create a wedding budget in Australia? Share your ideas in the comments section.

About the author  ⁄ Marxa Dillan

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