How To: Let’s Talk Budget

February 23, 2015

Blog

So, it’s time for the budget talk… While it’s not the most romantic part of planning your wedding, it is one of the most important steps that you and your partner will take together. It is imperative that the two of you take the time to sit down early in the process to ensure that everyone is on the same page when it comes to financing your big day.

SV-NACE_003 copy

Before divvying up the budget, you’ll want to determine who is contributing to your wedding. Gone are the traditional days of the bride’s parents covering the costs – trends show that couples are contributing significantly, as well as other family members.

After determining the sources of your funds, you’ll want to discuss what you value the most on the big day – we like to suggest coming up with a list of top 3 “Must-Haves”. This is one of the most essential parts of your budget discussion, so be sure to agree on some common ground when it comes to your financing (perhaps the cigar bar isn’t a requirement!).

Most likely, you’ll be finding a number of sample budget templates online which will tell you how much to spend in what departments. However, at the end of the day, it’s really up to you to decide where your money is spent! It may help to create a spreadsheet or budget template to keep track of your expenses throughout the process.

SV-NACE_005 copy

Once all is discussed and settled, it’s time to get organized. You’ll want to start by researching vendors in each category of your wedding plan to get a better idea of what you can get for your price points. When doing your research, it’s imperative to give wedding professionals all relevant information—preferred date, number of anticipated guests, etc.—so they can provide you with an accurate quote for your records.

One last note about budgeting – it can be easy to overlook some of the “extra” costs associated with your wedding, so keep the little things in mind as well – postage for invitations, transportation for the two of you after the wedding, gratuity for vendors, gifts for your wedding party, etc. Planning in advance is always key for a smooth and seamless process!

Proudly serving Bay Area Weddings for over twenty years, Fantasy Sound aims to be engaged couples’ first stop- offering Disc Jockey, Videography, Event Lighting Décor and Wedding Planning services. They are fueled by great ideas paired with strong coffee, and will never turn down a piece of red velvet wedding cake.