Creating a Budget!

December 19, 2018

 Photography by:  Erica Lynn Studio

Figuring out your wedding budget is not easy. Your wedding will likely be the biggest most expensive party you have ever hosted. The average U.S. wedding costs $34,000 according to Business Insider. Keep in mind this is an average. The cost of a wedding depends on a wide variety of factors, including your guest count, the ceremony and reception site, the time of year, decor, and most of all the city you decide to host the wedding in. 

 

For example, we are located in the DMV area. 

 

Washington DC: $37,000

 

Maryland: $35,000

 

Virginia: $31,000

 

Nearly half of couples cover the entire expenses themselves, while an additional 25% pay for at least part of it. Don't hate yourself or get angry if you go over budget. This is very common, so common that 1 in 3 couples go over budget. Make sure you're not one of them by setting a realistic budget before you start pinning on Pinterest of things you want. 

 

*Tip: Wedding planners actually have the knowledge behind creating a budget and can assist you in creating yours. This would be a great initial help from a pro! (Check out our A La Carte Options for assistance)

 

To make a budget, you'll need to tally up your savings, maintain a detailed spreadsheet to track expenses. Also, if you are receiving money from family members to pay for your wedding. Make sure you get this money in advance sent to your account. (Sad but true we have had family members back out during the planning process. leaving the couple high and dry) 

 

Need assistance creating a spreadsheet? Click on this link to download your very own budget sheet. 

 

Start with your venue because it is the biggest piece of the whole picture and a major factor in your guest count! 

 

Join us next week to learn how to create your guest list and get starting on your venue search!

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