Planning well ahead of your wedding can help you avoid some of the most common budget mistakes couples make that can ruin their special day. Many couples hire a wedding and event manager to take on the hard tasks, but not everyone has the money to do that, so if you can’t, you’re not alone. As a couple, you should sit down and work out how much you have to spend, what you want to spend it on, and how you want your ceremony and reception to proceed. Do you want a band or a DJ? Banners and bunting? What about the catering, wedding cars, the bride and bridesmaids dresses, the groom and groomsmen, the photographer? What will it all cost? Should you have an extra 10 per cent in case of cost averages?
Wedding planners advise couples to begin with an attitude of ‘how much can we spend?’ Rather than ‘how far can we stretch our budget?’ You can learn from the professionals, so do your research on wedding and event planner websites for tips, and read the following information on how to avoid budget pitfalls and remember, failing to plan means you plan on failing.
1. Don’t Skip Over the Fine Print
Carefully read all the contracts related to your wedding before you sign them because this is where your costs can blow out unless you read the fine print. You could be up for surcharges and extra fees if things don’t go according to plan. You could be charged for staying at the venue over the time agreed upon. The band or DJ might be kept back as well, or the flowers might not be available, so they have to be swapped at the last minute for more expensive bouquets. So take the time to fully understand the terms and conditions before you commit to a service or product.
2. Do Your Research
Couples need a clear understanding of the vendors they will need to hire and what they will charge. Do your research to find the right photographer who will capture all those special moments. What about the venue? Do you want a big church wedding with the reception at a different venue, a relaxed ceremony on the beautiful beach where you met, or something in between? Call the venues and churches etc. and find out what they charge, then create a rough budget out of the costs.
The biggest mistakes many couples make are borrowing from the wrong lender and overdoing it on the amount. These days, it’s a lot for a young couple to come up with the expenses of a wedding. Many couples are financing their wedding with a personal loan. The way to avoid borrowing too much is by having a repayment plan within your budget and shop around for lenders who are in tune with your financial situation. That doesn’t mean the bride has to skimp on areas such as hiring a professional makeup artist and hair stylist or wearing a less than gorgeous wedding dress. If you need to cut corners, try doing without some of the smaller things, so the major necessities are covered.
4. Keep Track of Your Spending
Keep an eye on what you spend, especially the small purchases which have a habit of creeping up on you. Every dollar adds up, and before you know it, you’re in the red trying to work out where all the money went. So keep tabs on every cent, not just the major expenses, so your budget stays on track. You could set up a spreadsheet or other tool to track every cent that you spend throughout your wedding planning process. Also, be sure to understand the total price, including additional fees and taxes, before you sign a contract.
5. Make Spending Decisions With Head Not Heart
Weddings are emotional experiences, there’s no doubting that. But in the planning stage, try to make spending decisions with your head rather than your heart, especially if you haven’t finalised the date, location, and the number of guests. You might change your mind and won’t need whatever you have bought, so it’s money wasted.
6. Don’t Spend Too Much Too Soon on DIY
If you’re planning to take charge of some of the wedding details yourself rather than hiring a vendor – such as asking Mum to make the wedding cake or Aunt Doris to take care of the flowers – do a road test on them before the big day. Also, test out whatever part of the day you want to design yourself, in case you decide to do something different or find that what you had in mind won’t work so you don’t buy supplies you won’t need.
7. Don’t Make Invitation Mistakes
Make sure you have a firm idea of who you are going to invite before you order the wedding invitations. It might seem like a small thing, but every cent counts, and you don’t want to be left with a box of expensive invitation cards that won’t be used. Another invitation mistake is getting the names and addresses wrong and having to resend them. Stamps and envelopes cost money, and it’s another area where it seems like a small thing, but it will matter.
To save all the hassle, the stress, and the mistakes, Dee Gaubert of No Worries Event Planning and Design can coach you through the all important tasks of developing a concise, realty-checked budget with her Budget Consulting services. Email email@example.com today!
Alex Morrison has been a SEO Expert for over 10 years. In this time he has worked with a range of businesses giving him an in depth understanding of many different industries including home improvement, business consultant and health care.