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Budgeting
That Makes Sense
Considering
Your Options |
Just about every wedding
magazine has a budget planner, but unless they apply to your vendors, your city
and your wallet, there is usually no way the prices you see will apply to your
wedding or your world. You realize that you can't get a bridal gown with
all the accessories and alterations for $500 like line 42 subsection B of your
free budget spreadsheet told you. Now what? If you're just
beginning to plan and you have no idea what to expect to spend for a wedding in
Brantford, Simcoe, Paris, Ayr, Woodstock or surrounding areas, this budget planner will be a lifesaver. Real vendor
prices, who pays for what, and much more can be found here.
What do
couples pay for weddings?
A
low-range budget - what vendors commonly refer to as 'the shoestring budget'
- is about $5000 for a ceremony and reception (not a small amount of money,
despite the term, really!). A large budget would be upwards of $20,000
and go as high as $50,000 or more - a definite Hollywood-style wedding.
An average wedding is somewhere in between, ringing in at about $10,000
- $15,000.
The
most popular question is almost impossible to answer directly: How do we
know where to start to determine our budget?
Even
though there are a lot of things that determine the cost of a wedding,
we suggest that you start is with the reception concept. The reception
can often take up to 50% or more of your budget. To give you an idea, 150
people at for $35/plate at a reception hall = $5250 for reception hall
and meal, all other details are extra such wine & champagne, bar, wedding
cake, decor, and more. If you don't plan on going crazy with ultra photography
packages and limo-buses, this should bring you in at around $10,000 - 12,000
for the finished product (very very rough estimate). Ceremonies are generally
much less expensive because they are often in a church/chapel. Once a couple
decides to hold their ceremony outdoors in a place different from that
of the reception, however, then the cost gets greater with tent rentals
and decor rentals, etc.
You really need to find out what you
see as your perfect wedding and then tweak it until it works.
Your first realistic
step is to find out how much money is available to you, whether you use
it all or not. Make a "Best Guesstimate Chart" to get you an idea of what
money you have, will receive, could finance, and could save.
Best Guesstimate Chart
(example)
|
HOW MUCH MONEY DO WE HAVE? |
|
WHO/WHERE |
GUESSTIMATE |
ACTUAL |
|
Bride current savings |
$1,000.00 |
|
|
Groom current savings |
$1,500.00 |
|
|
Bride to save over months before wedding |
$1,800.00 |
|
|
Groom to save over months before wedding |
$3,000.00 |
|
|
Line of credit |
$2,000.00 |
|
|
Mom & Dad of Bride |
$3,000.00 |
|
|
Step Mom & Dad of Bride |
$1,000.00 |
|
|
Mom & Dad of Groom |
$1,000.00 |
|
|
Step Mom & Dad of Groom |
n/a |
|
|
Stag & Doe |
$2,500.00 |
|
|
Other |
|
|
|
Other |
|
|
|
TOTALS |
$16,800.00 |
$0.00 |
download Excel spreadsheet of this chart
Now just because your spreadsheet shows you that
you could have $16,800 available to you over the next twelve months, doesn't
mean you necessarily want to use it all on your wedding.
Weighing
your options...
• Would you rather have a
$10,000 wedding and a $6,800 honeymoon?
• Would you
rather save $6,000 for a down payment on a house for after the Wedding Day?
Also, remember that guests will no doubt be
giving you money for gifts. Many couples receive thousands of dollars on their
Wedding Day from family that wish to help them make their new start without
financial burden.
When you do start planning your wedding
and making financial commitments, be sure to aim a thousand or more dollars
below what is available, so that you have emergency money or so that you
can spring for something extra that catches your fancy along the way.
What types of prices can I expect for each of the different aspects of my
wedding?
You're in luck! Check out the
brand new
Budgeter
giving basic price ranges for absolutely everything! Keep in mind, none
of the prices seen here are guaranteed, however they are based on the pricing
coming from K-W wedding vendors and are completely subject to change. There
may be less expensive vendors and more expensive vendors, depending on
your needs and where you look, but this
Budgeter
gives you the best starting point you could hope to ask for! It's realistic,
local, and will be your guideline for setting your Wedding Day stage.
click
for more...
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