While most of us dream of extravagance at our weddings, the reality is that they can cost a lot of money and you will need to set a budget to not end up in the poor house once everything is done. If you and your fiancee have modest careers building strapping heads at a factory or working in an office, you will likely need to be modest in your wedding as well.
Weddings are not like planning most of the other events out there. Sometimes the parents of the bride, groom, or both are willing to pay for portions or the entire festivities and usually you are planning a wedding for at least six months to a year. That means you will be paying for things throughout and you will need to be more diligent about keeping track of it all. This guide should help you create a working wedding budget and stick to it.
The first thing that you need to do is decide who is paying for everything for the wedding. While it is traditional for the bride's family to pay for the wedding and the groom's family to pay for the rehearsal dinner, this is very commonly not the case in modern festivities. Maybe the family of the groom owns a huge Toronto SEO company and is willing to contribute more. Or the bridal couple could be responsible for paying for everything. You need to know this before you start your budget.
Once you know where all the money is coming from, you should list all of the things that are absolutely necessary for your wedding day to be a success. You will likely need to spend money for gold wedding rings, for a venue for the reception and ceremony, and food for the reception. While there may be many things that you want at your weddings, this list is only for the things that you cannot do without. Make sure all of those things are taken care of before you move on to wedding extras. If you've been saving up from your job making radiation products for some time for this wedding, there will likely be enough left over to add some beauty and luxury to your wedding day.
Next, you will want to rank all of the extras for your wedding based on their importance and start looking at the places where you can save a little bit of money. If you're willing to hold the reception at a friend's country home to save money, maybe you can afford the carriage ride trip after the ceremony. You don't need to be a professional accountant who works with confusing R & D tax credit Canada documents to be able to manage your budget efficiently. Start with the most important things and add extras as you are able.
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