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Wedding Planning on a Budget

So, you’re engaged! Congratulations! You’re probably over the moon and full of stars in your eyes and have visions of wedded bliss.

You’ve been thinking about this day for as long as you can remember. You’ve got your Pinterest boards, a planning notebook, and you’re ready to hit the ground running. But, have you put a price tag on any of those ideas and visions?

$35,329

That’s the average cost of a wedding in the U.S. And that doesn’t even include the honeymoon! After hearing this sky-high number, you’re probably ready to simplify the process, save money, and elope. However, It’s absolutely possible to have the wedding of your dreams without spending well over what you can afford. Simply prioritizing your must-haves, creating a budget, and allocating your money accordingly will go a long way in planning for the big day.

What’s important to you?

Before you can create a budget, there are a few things you need to decide. First, determine what kind of wedding you want. What do you see when you think of your big day? A country club wedding and reception? An elegant downtown loft? A backyard barbecue?

Once you answer this question, have the budget talk with everyone contributing to the wedding. When you start talking money, make sure you talk about more than the total amount you’ll spend. For instance, break down the wedding budget into categories – ceremony, reception, decorations, etc. – and decide what you’ll spend in each category.

Now that you’ve taken this step, you’ll need to determine the most important and the least important items on your checklist. Is there anything you can cut altogether? Sit down with your fiancé and determine what you both REALLY want and let that vision guide your budget.

Track your spending

First things first, leave some room in your budget. No matter how down-to-the-penny it may be, unexpected expenses are going to pop up. Your budget will evolve over the planning process, so be prepared by giving yourself a little bit of a cushion.

If you Google, “wedding budget worksheet,” you’re going to find a bunch of different options. Find what works best for you. This could look like an Excel spreadsheet, a Google Sheet, or one of the thousands of templates on wedding planning websites. Regardless of your template, tracking your spending throughout the entire process will be imperative. You’ll be able to ensure you’re staying well within the lines of your budget. Plus, it serves as a great guide or list to see what you’ve paid for, how much you’ve paid, and how much you have left to cover.

There are apps. Use them!

There are a few fantastic wedding-related apps that are free or inexpensive. Use them! Most of those sites have the option to create free websites, invitations, and save-the-dates. Get started with these suggestions:

  • ZolaZola has everything you need in one place. They have a great selection of templates for you to design your wedding website for free! Your website is crucial for keeping your loved ones informed by sharing information about travel arrangements and relaying the important details of your day. You can also build your registry, design and order invitations or save-the-dates and manage your guest list.
  • ThumbtackPhotographers, DJs, bands or florists – no matter what service you’re looking for, Thumbtack will have it. This app allows you to browse services in your geographic region to compare prices, check out reviews and even talk directly to the vendor.
  • WeddingHappyAre you a list maker? WeddingHappy is the app for you! It is the ultimate to-do list. It’s a great app that will help you manage your wedding-related tasks, payments coming up and vendors you’re working with.

Your wedding day will be one of the most amazing days of your life! Don’t let money and budget-related stress take that away from you and your significant other. There are a lot of options out there to make this day incredible no matter your budget.

Once you have a set budget, financing your big day might be the best option for you. Talk to us. At Caro Federal Credit Union, we have options like personal loans, lines of credit and low-rate credit cards that could be exactly what you’re looking for. Let us help you make the big day one you’ll never forget!

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