HOW TO DETERMINE A BUDGET FOR A WEDDING?
Finances can be a very hard topic to approach if you and your partner are unsure on how/where to begin the discussion. You will both discover quickly what are the most important elements to your special day and others that have a small amount of importance.
Here are a few steps you can take to begin your budgeting process:
Determine your current income on a monthly basis
Determine how much of your savings you are willing to spend
Calculate your monthly spending average
Have a meeting with both sets of parents to figure out how they stand budgeting wise and what they expect to gift you on your special day
Your wedding might cost $2,000-$100,000. No matter what budget you decide to have on your wedding, it will be a day to remember in the end. Your happiness is the most important element when it comes to planning a wedding.
Try not to get caught up in the stress and expectations of your guests…remember this day is about you and your fiancé. We have attached below percentages from recent weddings of 2022 to show how you should expect to spread your overall wedding budget in each wedding category.
Venue/Reception: 48% to 50%
Flowers: 8% to 10%, Entertainment: 8% to 10%, Attire: 8% to 10%
Photography: 10% to 12%
Notice the above are the most important in the majority of weddings. Please note the reception does include the food/beverage costs.
Ceremony: 2% to 3%
Stationery: 2% to 3%
Rings: 2% to 3%
Parking and transportation: 2% to 3%
Gifts: 2% to 3%
Surprise costs: 5%
Our staff at Sandlewood Manor is here to help navigate with any advice or recommendations on how to budget your event. We have an exceptional team with many years of experience to make sure you have the wedding of your dreams. Please note: ALL weddings are different and beautiful in their own way.