How do I come up with a reasonable budget?

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How do I come up with a reasonable budget?

I am newly engaged and just starting to plan. How do I come up with a realistic budget, when I don't know what to expect?










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9 RESPONSES

Emily
March 6, 2008

I just came across this contest that Patrick Dempseys new movie Made of Honor is hosting - http://www.sonypictures.com/movies/madeofhonor/contest/index.php

Apparently, you can get married on the red carpet of the films premiere! Seems like a cool way to get an expense free and totally unique wedding. The runner-up couples get some great prizes too.

This could be the perfect way to avoid budget issues entirely.

Jessi
December 23, 2007

You should try to seperate things into NEED, WANT, and NOT NECESSARY and work from there to figure out what you'd like and what you can do without.

SERENITEA CATERING (Vendor Comment)
October 6, 2007

I suppose set a limit of the cost of everything $10,000 - $30,000, and break that up percentage wise of the most important aspects, catering, hall or church rental, dress and other attire, honeymoon, insurance, decorations, etc

MAGNETSTREET WEDDINGS (Vendor Comment)
August 15, 2007

Dear Bride,
Congratulations! After saying I do one of the first items on the docket is to figure out whos paying for what to determine the total amount being contributed. Once the amount is deciphered upon, the two of you will be able to thoroughly discuss what kind of wedding you really want and can afford and then prioritize from there. Research! Ask for samples and quotes to become aware of the quality as well as the costs. Beautiful weddings come in all price ranges. There are many ways to save money but one sure fire way of keeping costs predictable is to stick to your budget! This will involve keeping yourselves organized and writing all of your expenses down. If you stay within your budget, you will be much happier
in the long run.

Enjoy!
Heidi Markgraf

Rose
August 7, 2007

I'm with you here. I have friends recently who were able to have their wedding for ~$15,000, and it was nice (in SF Bay Area).

I have another friend who married in a park and found a free park reception location and was very informal- costing $5,000. (The lowest I've heard!)

Basically, you can spend whatever you want to spend, you just need to decide what is important to you and what details matter. There are lots of deals if you look for them.

DOUGLAS TRAVEL (Vendor Comment)
July 29, 2007

Hello!
So it's budget time, right? The first thing to do is to relax. Everyone has a budget. Even Donald Trump has an expectation of what he wants to spend, after all, it's his money and he's worked hard for it. The first thing to do? Decide on the type of wedding you'll love! Is having the big, blow-out wedding your dream? Are you looking for a celebration with family and friends while saving for your first house? Are you considering an island wedding that your guests can participate in? All of these ideas can be managed as long as you do your research. Make a list of the 'have to haves' and the 'would be nice' items and be sure to talk it over with your fiance. Get a couple of quotes from different vendors to find out what the average costs are for photography, invitations, cakes, reception halls, etc. Make informed decisions and you won't have any surprises. Once you have your quotes, you'll be better able to add up the total costs and see where, if at all, you need to trim. Don't forget to include your honeymoon in your budget. An experienced honeymoon travel agent will help you find the honeymoon of your dreams - to match whatever your budget turns out to be. 'Honeymoon Registries' can be helpful as well - visit my blog for honeymoon budget planning tips. And, remember, a little flexibility and a lot of humor will go a long way to making the planning process as fun as your big day!
~Christine

HAWAII WEDDINGS AND EVENTS (Vendor Comment)
July 28, 2007

Preparing a budget is one of the first things you should do so that you can get an idea on costs as that will determine your planning. Total budget is going to dictate if you have a very large elaborate wedding or perhaps a small destination wedding with only your closest family and friends.

As a service to my clients I ask them to give me their budget and also their "priorities" so that I can review it and give them feedback on whether it is realistic or if there are some areas that need to be adjusted. Another advantage of having your budget is that when you save some costs in one area you may determine if you want to splurge in another.

If you find that due to your tastes and preferences you are going higher than anticipated, you are still in the position to make adjustments to keep some of the costs down.

A GREATER PLAN (Vendor Comment)
July 23, 2007

Three of the main elements for establishing a budget are: prioritizing, research and communication.
The "priorities" part consists of determining the areas of you celebration that are most important to the two of you, and ranking them. An example would be: #1 attire (the dress), #2 Catering (your guests) #3 Photography (your memories) #4 Floral (the setting).
The research part starts by gathering quotes. For instance, and experienced caterer should be able to get you a basic proposal within 2-3 days of contacting them with your event information. Be sure you ask them to include any services charges, rentals & taxes. Many vendors (photographers, musicians, and limo companies) have package pricing on their websites. By doing a little homework, you can get a clearer picture of what costs what.
Lastly, communicate! You and your fiance should talk about what you really want to stand firm on, and what elements are flexible. Really listen to each other. Planning your wedding is a great practice round for planning a life together.

LILLEY PRINTING & STATIONERY (Vendor Comment)
July 23, 2007

A wedding budget needs to be a heart and a mind set of decisions. If it sounds right in your head with the monies you have at hand, and it feels right in your heart, then, set aside the amount of money you and your fiance and families are comfortable working with, and, then, begin your list of priorities for your wedding. We hear a great deal about weddings that are way over budget by the time a bride gets to the decision of invitations. Money is one of the many aspects of your forthcoming wedding and marriage that needs to be discussed right away. What you spend on your wedding has many criteria to consider before setting a budget for a certain amount of money. These include your long term goals as a couple, and what sources of assistance in terms of gifts from parents to make this happen. As not only an invitation and wedding program supplier, etc., but also a licensed counselor, I would suggest, "talk about this a great deal" before setting the parameters of spending for your wedding. Judy Lilley, Lilley Printing & Stationery Co., 314-752-7092, judy@lilleyprinting.com


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