Setting A Budget For Your Wedding










Well, it’s time to set aside the romance for a moment and talk dollars and cents. Unless your one of a
chosen few, where the "skies the limit", you need to set a budget for your wedding.

First, you’ve got to determine two things:

•        How much money you want to spend on your wedding?

•        Who will be contributing to the wedding and how much?

The traditional rule of the bride’s family paying for the entire wedding is fast becoming history.
Today, there is much more
sharing of expenses between the bride's family, the groom's family and the
bride and groom. Many couples are getting married later in life and are well established with their
own careers. These brides and grooms are able to pay for more of the expenses and sometimes want to
pay for the entire wedding themselves.

A good way to help you define your budget is to
set priorities. The bride and groom should discuss
which elements of the wedding are most important to them. For instance, is it the reception location,
the bridal gown, or the entertainment that is most important? You should choose about 3-4 items that
are your top priorities and set the rest of your budget from there. It's more likely that you will spend
more of your wedding budget on those items you consider a higher priority.

Now, let's look at some of the costs. Your reception, including the food and beverages, can average 50-
65% of your total budget. Therefore, the
reception location you select and how many guests you
invite will have the most impact on your budget.

Today, the average wedding costs between
$12,000-$19,000. Here's a recommended guideline based
on a $15,000 wedding budget for about 100-125 guests:

                             
                              
Reception Site, Food & Beverages                  50%                $ 7,450
                              Photography & Videography                          13%                $ 2,000
                              Music                                                                   11%                $ 1,600
                              Apparel                                                               10%                $ 1,500
                              Flowers                                                                07%                $ 1,000
                              Invitations                                                           02%                $    350
                              Wedding Cake                                                   02%                $    300
                              Transportation                                                   02%                $    300
                             Miscellaneous                                                     03%                $    500
                                                                                     Total            100%               $15,000

                             The above is simply a guideline to help you get started. Good luck!


                                      
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