Newly engaged and trying to figure out how much to allocate to your wedding budget? Before you put a number estimation on paper, here’s what we recommend you consider.
First things first, who’s pocket is the money for the wedding coming out of? If it’s your own, your wedding can be as big or as small as you want. If you or your fiance’s parents are willing to pay for the wedding in part or in entirety, you will have more money to play with but more opinions and feelings to consider when it comes to wedding planning.
What’s important to you?
In your eyes, certain elements of your wedding may be more important than others. For instance, if you place a large emphasis on finding your dream wedding dress, you might use a large portion of your entire wedding budget on just this. Or, if the location is important to you, you might find yourself spending your first initial budget estimation on the location alone. It’s all about knowing what’s important to you and allocating your wedding budget accordingly.
How many people are you inviting?
If you come from a large family who live their lives surrounded by great company and even better food, you may have to factor this in when deciding on your wedding budget.
If you have a small family or are aware you enjoy intimate gatherings rather than large soirees, your wedding budget may reflect this. Having said this, sometimes intimate gatherings cost just as much as larger weddings, as those who host small weddings often fork out more money to ensure their guests have a great time, and typically pay more attention to the luxurious details that are important to them.
Location and venue
For some couples, the location and venue that houses the wedding of their dreams is what’s most important. This is especially true for those who choose to host a destination wedding.