Budgeting – the very word can strike fear in the hearts of many; not least if you’re planning a wedding! Luckily, we’re here with our top tips for how to plan a wedding budget, as well as our super useful free wedding budget template and wedding savings planner template.
So how do you set a wedding budget that’s actually do-able?
Figure out how much you’ve got to play with
A wedding budget is generally always finite – made up of how much you can save by your wedding date, and how much others (usually parents) are contributing. Setting your wedding date further away, or looking at ways you can cut down your spending can help you achieve the budget you’re hoping for. Open our free wedding savings planner template in Google Sheets and make your own copy to figure out just how much you’ve got to play with it. Check out our video below for how to use the template to figure out your potential savings!
Set your priorities
We talked about this in our last blog about how to get started with wedding planning, but it’s just as important here – figure out what the most important things are to you, and assign the most money to them. Is an amazing photographer a must have? Budget for the one you want and look for ways to cut costs in other places. Keen for a big bar tab? Make sure you’ve budgeted that in.
Do your research
Now it’s time to figure out what the average cost of things is – and unfortunately that can vary a lot! Use resources like the Wedding Discussion Group – New Zealand on Facebook to search for what others have paid, get recommendations, and ask for anything you are trying to gauge the price of. A photographer could be anywhere from a grand to well over ten grand, so getting an idea of what others have paid can be helpful.
Set your wedding budget
Now it’s time to put those numbers in! Decide what you’re comfy with for each item and put that into your budget. If the budget adds up to too much – look for where you can cut costs on the things that aren’t as important to you. And don’t be afraid to change the budget up as your ideas about your wedding changes – so long as the total doesn’t change, you should be all good!
Not sure where to start? Use our awesomely useful free wedding budget template to create your own budget. Get it here and watch the video below to find out how to best use it, plus get a view of a real-life wedding budget!