Picture this scenario. At the start of your wedding planning journey, you set your goal wedding budget at $16,000. To play it safe, you even set the absolute maximum that you can spend over your goal budget at $20,000. Fast forward to only a few months away from the big day and you discover that you have somehow exceeded your maximum budget by over $5,000 and still have to make final deposits. What you hoped would be a $16,000 day is now over $25,000 and counting.
Believe it or not, this happens time and time again. 61% of planning couples report that they exceeded their wedding budget. Although common, the great news is that we have the secret of how to avoid!
The #1 way to avoid exceeding your wedding budget is to set and rank priorities for all wedding related needs. The trick is to consider what matters most opposed to purchasing everything typically included in a traditional wedding.
Before you get knee deep into wedding planning, spend time first determining what is most important to you on your big day. This will be a tool to use on your big day to:
- Determine where to invest
- Determine where to cut
- Determine where to splurge
You will be able to look back on your big day with confidence that you didn’t compromise where it matters most. You will also be able to avoid seeing every detail as a priority by ranking in order of importance.
Remember our blog post, Sound Like A Pro: Wedding Terms You Need To Know? There are countless decisions to make while planning, from selecting your wedding stationary to deciding if you will wear a veil. Some decisions may not have much personal value to you, while others you may not be able to imagine not including in your day. To remain on track, start by considering what matters most and invest in those things first. For instance, if you can’t imagine investing in your dream gown but are undecided on booking a videographer, invest in a videographer after you have purchased your dream gown. We recommend that you start by focusing on 3 wedding must-haves that you can’t imagine not having on your big day.
Start with 3 wedding must-haves to avoid investing in too many areas at once. Once you have invested in 3 items, check your budget before moving onto 3 more. Keep narrowing your choices in order of importance by selecting new groups of 3 until all items are selected. The last items selected are the items you should consider making the most cuts and compromises on to make way for the items at the top of your list!
For more steps on setting (and sticking to) your Top 3 Wedding Must Haves, as well as a journal page to easily map our your must haves, grab a copy of our e-book, Getting Started: The Ultimate Wedding Planning Guide!
Click the image below to get your copy!