One very important element of your wedding, besides the bride & groom of course, is the wedding budget. How much will you have to spend for your wedding?
Here is a quick way to come up with this figure:
- Existing Funds – Look at how much do you currently have in your bank accounts then decide how much of that amount you want to use toward your wedding
- Joint Funds – Determine how much money you can save each month as a couple and then multiply that by the number of months you have until your wedding
- Tax Refund – If you usually receive a refund on your taxes each year you may want to include an estimated amount to your wedding budget
- Contributions – Sit down with your parents to see if they plan to contribute
Once you’ve come up with your budget amount it will be the basis for your entire wedding not just for your reception. EVERYTHING for your wedding will come out of this amount…wedding attire and accessories, flowers, officiant, transportation, photographer, videographer, décor, stationery, hair & makeup, wedding party gifts, etc.
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I learn a lot from your post. I think newly engaged couple should first determine their budget for the wedding. Thanks for sharing this one.