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Wedding Budget Strategies

Wedding Budget Strategies

 

Time is of the essence after getting engaged. That is, unless you plan on hiring someone to take care of all the details i.e. a wedding planner, which by the way runs on an average of $2,500 to $4,000. To help guide you, here are 5 ways to help maximize your wedding budget strategy.

1) Prioritize – Right away, you will want to prioritize your most important aspects of the wedding to your fiancé and you. Will the groom just die if you do not have a Hummer limo? Or, are photos more important to you? They do last a lifetime!

2) In-season / Off-season – Having your wedding during the most popular wedding months are a key indicator that your costs will reflect this as well. A wedding budget strategy here is important because you don’t want to be blind sided by the cost of a venue during certain times of the year.

3) Day of the Week- Saturdays typically tend to be the most popular day to host a wedding. However, many vendors will give deep discounts for choosing a Friday night or Sunday afternoon. If you really like a venue, but the Saturday prices are too steep, consider having the event on an “off” day.

4) Limit Guest List- This might not make you the most favored person, but friends and family whom understand that budget is a big factor should understand. Be choosy about whom you invite. Don’t feel obligated to invite people that aren’t very important to you or you have lost touch with. Just because you were invited to your friend from college’s wedding five years ago does not mean you must invite her to your event.

5) Location, Location, Location – Your location definitely impacts tax, gratuity, and other factors. If you choose a ritzy hotel in the city versus a banquet hall in a rural area you are likely to pay less just because of location alone. Take into consideration that these places also may charge for parking, valet, etc. There are many decisions to consider and finding what is most important is the best way to help figure out where to splurge and where to be conservative.

 

Wedding budget strategies aren’t hard but they do require work on your part. Just take it one step at a time and breathe!

Wedding Organization

Tips & Tricks for Wedding Organization
Planning a wedding is arguably one big, long test of organization and time management. Staying on top of things is KEY, or the whole process can get really overwhelming and out of hand if you aren’t keeping track of everything.
Here are our tips for staying organized while planning your wedding:
1. Get yourself a binder and some dividers, and make your own wedding organizer. Fill it as you go with inspiration photos, vendor contracts, business cards, and anything else you get that you need to keep track of.
2. Do most of your communication through email so there is written documentation of everything. You can print it out and put it in your binder.
3. Find a calendaring system that works for you. Whether it be a planner or on your Smartphone calendar, keep this with you at all times!
4. Have an individual document (either on the computer or on paper) to track wedding financials.
  • Each group contributing to the wedding financially (if you have multiple parties paying), showing their total contribution, anything they have paid so far, and the balance left over
  • Each vendor showing total cost, amount paid, balance,and whether there are any refundable deposits (e.g., our venue has one)
  • Miscellaneous money-related items to take note of (e.g., amount of cash needed on hand the dayof the wedding for vendor tips)
5. This may sound silly, but having a planner and binder won’t do you any good unless you actually USE it. Wedding organization in the form of binders are great but you need to be sure to keep updating them. So make sure to keep them handy and that way you won’t miss a meeting or (worse) a payment!
Follow these tips and you get to feel the sweet relief of knowing all your wedding organization is under control and at your fingertips anytime.