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Regarding Wedding Budgets
When it comes to weddings, budgets can help a couple start their new life together on a financially responsible track. It will also help you start that new life without a huge debt!
On average, couples in the US spend almost $26,000 on their weddings, with only half paying less than $15,000. That’s a huge amount for one event, even if you consider everything that goes into a wedding.
The good news: regardless of your income, you can set a budget, stick to it, and still enjoy a beautiful day with your spouse-to-be, friends, and family!
To create your budget you have to consider what’s financially feasible. If you think you’ll only be able to save up $5,000, for example, then set that as your budget and break it down into uses, such as venue, formal wear, flowers, photography, food, etc.
It may also help to identify the things that matter most to you and your fiance. Is throwing a party with great food and drinks the most important? Do you want to focus on having beautiful flowers and photos you’ll cherish for the rest of your life? By knowing what matters most, you can put that first in your budget and divide the rest for the basics.
You can also get a little more frugal with certain aspects of the wedding, such as sending e-invitations instead of paper ones. You’ll save on the cost of material, printing, and postage--money that can be used elsewhere!