How to budget for your wedding
Setting a budget for your wedding is one of the first things you’ll have to think about after you get engaged. It can be a stressful task! Luckily we’ve put together our top five tips to help you budget for your wedding.
1 – Who is helping?
The first step in setting a budget for your wedding is working where your wedding budget is coming from. If you’re lucky enough to have family who can contribute towards your wedding, it’s useful to sit down together and work out how much they are willing to give you.
Traditionally the bride’s parents would foot the bill, but nowadays that’s an old-fashioned notion. Most couples prefer to pay themselves, with both sets of parents helping out. It’s worth sitting down with both sets of parents and asking them how much they are able to contribute, or perhaps asking them to finance a specific aspect of your wedding, such as your photographer or wedding dress.
2 – How much can you afford to spend?
Sit down with your partner and figure out how much you can both contribute and save between now and your wedding date. So many aspects of your wedding will rely on your budget, including guest list size – many venues have cost per head; your wedding location; and your wedding style. You should start saving as soon as your engaged – around 20% of your income if you can manage it. Limit your weekly treats for an easy way to save each month!
4 – Put aside a contingency budget
Aim to put aside 8-15% of your wedding budget for emergencies. It’s easy to overspend or go over budget without realising, so having a buffer is an easy way to keep calm if the situation arises. IT’s also nice to have a little extra for aspects you might have forgotten to budget for, or decide you’d like to spend a little more on.
5 – Put around 50% towards your venue.
Your wedding venue is going to be the most expensive aspect of your wedding (unless you are having an at-home wedding of course!) The rule that tends to work for most weddings is to put around 50% of your budget towards your venue. This should cover hire fee, food and drinks.
6- Be realistic and stay on budget
It’s easy to get carried away when you’re scrolling Pinterest, visiting wedding fairs and shopping around. But remember to be realistic with your browsing, and to stay on budget. The worst situation to be in is to fall in love with a dress, or a cake and realise it’s 10x your allocated budget! If you stick to looking within your budget, you can save yourself the heartache.
Remember, Scripin Weddings is completely FREE for you and your guests, so you don’t need to worry about any hidden costs when creating your wedding photo sharing app. Have you considered the savings you can make on your wedding photographer?