Perhaps the single most important aspect of planning a wedding is the budget. Even if you want a destination wedding, you need to consider whether it’s financially feasible. A common mistake that couples make is underestimating the actual costs involved. What ends up happening is many go over their initial budget and spend much more than expected.
The last thing you want is to start off marriage in deep financial debt with little to spare for home renovation projects. Here we put together a short list of common mistakes that can throw off your budget and how to avoid them.
Getting Only Estimates
The basics of creating a budget is straightforward – List individual items and their respective cost. But creating estimates without doing research can lead to underestimating the actual total costs. For example, a wedding photographer alone can easily cost $2,000 on the low-end and go up to $10,000 depending on the experience of the photographer and what’s included.
Contact potential vendors directly to get more accurate quotes. This, in turn, will allow you to create a more realistic budget. The more information you can provide the better.
Not Prioritising Items
It’s easy to get caught up with all the unfinished items you have on your checklist. But you’ll want to create a list of priorities to ensure you have enough funds to cover what really matters to you. Create a list of must-have items like a live band or even something as simple as hair volume products.
Compromise where you can and remain steadfast where you can’t. Enlist the help of your partner to narrow down your list.
Not Controlling Your Guest List
No matter how much you want to send invites to everyone you know, you’ll quickly exceed your budget unless you put a cap on your guest list. Each individual guest that attends equates to additional costs in terms of food and drinks. Be sure to set a strict deadline for replies when sending out invites so you can finalize the total count.
Don’t be afraid to extend plus ones to immediate and extended family only. Allowing all guests to bring plus ones will only have you going over your budget. You may receive some unpleasant comments but ultimately it’s your wedding day so you have the final say.