How to Start a Wedding Budget

Did you know that the average Canadian couple spends roughly $25,000 on their wedding day? One of the biggest pieces of advice we can give to couples planning their wedding is to create a budget and stick with it! This can save the couple from a lot of stress down the road, and it provides a good outline when choosing vendors. So where do you even begin?

Total up your money

This can usually be summed up from 3 sources. How much money you have saved for your wedding, what your monthly income is and how much you'd like to put aside each month until the wedding, and any contributions your relatives may potentially have to help out with the wedding costs. Now there's no guarantee that you have money from each one of these sources, but tally up before you start hiring any vendors! 

Track your spending

There are so many spreadsheets online that you can use to track where your money is going, or you can easily make your own if your well versed in excel. Don't leave any spending out of this, and always refer back to your spreadsheet before finalizing the cost of anything wedding related. Remember to include vendor tips in your budget. Also, remember that if you have not spent the full amount you should not feel like this is the go-ahead to add more. It's always a smart idea to have some wiggle room in case of unforeseen circumstances.

Prepare for Surprises

As stated before, its always a good idea to have a bit of wiggle room when it comes to your budget! If you choose to forgo hiring a wedding planner, there is the chance that you may not understand what is all included in vendors prices. Things like set-up and take-down fees, cake cutting fees, vendor transportation, or digital access to your photos are all things that can be forgotten in preliminary budgeting. There is also the chance of signing onto a contract where things may not be clearly descriptive and then your roped into paying more than you anticipated. For this reason, we truly believe having a wedding planner hired will save you so much in the long run, but if it is your choice not to hire one we suggest having an emergency wedding fund on the side incase of these unwelcome surprises. 

 

If you need any advice on creating your own budget and would like to sit down with us one-on-one, we'd be more than happy to help. We offer hourly consulting if you are not wanting full service wedding planning. Get in touch - we'd love to ease any worry!