It is important to know how much you can spend on a wedding to plan the events in the right way. Couples who are smarter are able to make their big day more memorable under a good budget than those who spend endless money without a clue of what they are spending on. No matter how good your financial situation is, it is important to plan well for your wedding and make sure all the arrangements are made under your orders. To do this, you need to first plan your budget so that you can learn about your options in order to make the right decisions. Here are the simple tips you should know while planning your budget.
Know who is contributing
Make sure that you clear out who all are contributing to your wedding, including your partner and your parents. It is okay to consult about money with your parents if you are running short on budget. They will be happy to contribute on your big day to the fullest, and do not feel bad if they don’t. Remember this is only to know how much contribution you are getting for your wedding, excluding your own budget.
Make a guest list
Once you have your budget ready to plan all the events on your wedding day, the next step is to make a guest list. Know who all the important to you as the guests will decide a major part of your wedding costs. These things will include the space you will require the catering quantity, bar capacity, and tables. The fewer people you invite the more you will save, so make your guest list properly and avoid the unnecessary crowd.
Open a separate wedding account
You can keep a separate account to manage all your wedding expenses to keep better track of your money. Use this account to solely pay for the wedding, which will keep your everyday finance from getting affected. You can make good use of all the money that you have in your wedding account without having to compromise from your regular account without knowing.
Determine your fields of expenditures
You must know where you want to spend the most and where you will be spending the least. Prioritize different sections based on your needs and wants. Create a list of services that you do not mind spending more on and also the services which you do not think needs many expenditures. You can have a pricey photographer to capture the best moments in your life, but save money on the bar by serving beer and wine instead of an open bar. Decide your priorities with your partner and make a plan which satisfied both of you on the wedding day.