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Making & Keeping a Wedding Budget

 

Saving for anything is tough, but it’s especially true when you’re talking about saving a sizable amount of money for your wedding budget. That being said, your wedding should be a special event for you and everybody involved, so simply cutting everything back to the bare minimum isn’t a very good alternative to saving.

Fortunately, there are some ways you can save a little bit extra for your wedding. In addition to this, there are some neat tricks you can use to save a little bit of money on your wedding without having to sacrifice the things you want. Check out some of these great tips if you’re in need to boost your wedding budget.

Figure Out Your Budget

This goes without saying, but the first thing you’ll want to do when you’re trying to save up for a wedding is figure out exactly what your budget is going to be. This doesn’t mean simply guessing how much it might cost for you to feed people or decorate the venue; it’s important you do your very best to determine exactly how much you’ll need.

You can figure out about how much you’ll be paying for a wedding by creating a wedding plan, making a list of all the things you’ll need and checking some prices on the internet or at local stores. You’ll need to figure out where you want to have your wedding, where you’re going to get your cake, which dress you’re going to wear, what you’re going to do for tables and chairs, what kinds of food and beverages you’re going to offer your guests, how many guests you’re going to have, what you’re going to decorate with—the list goes on. The important part is that you’re as thorough as you can possibly be. If you take a wild guess on the prices of some of these things, you could end up creating a wedding budget that’s way too high and difficult to reach or one that’s too low and doesn’t leave you enough wiggle room to do your wedding the way you want.

Getting Creative

One of the best things you can do to make sure your wedding budget is reasonable enough that you can save in time for your wedding is to get a little creative. Many people think of the traditional wedding when they initially begin planning, but there are a lot of less traditional options that are becoming increasingly popular.

Before you commit to paying a ton for your wedding venue, make sure you don’t have any good options that might cost you less or nothing at all. If you know a friend who owns a beautiful country property, you could ask about setting up a wedding venue there for a day. Even if you pay them it will be considerably cheaper than a traditional venue.

Another way to save money on your wedding is to cut the decoration cost a little bit. This can be done in two ways: shopping at the right time and getting creative with decorations. Shopping outside of peak wedding season (which is generally around September) will save you money. However, you can save even more by using the arts and crafts skills you honed in elementary school to create some unique decorations that will be significantly cheaper than the decorations you’d buy at a store.

Saving for Your Wedding

Once you’ve figured out a close estimate for how much you’re going to need for your wedding, you can start worrying about saving for your wedding budget. Think about how much you’re going to need to save monthly in the months leading up to your wedding and look for ways to cut back on expenses to save that amount.

In many ways, saving money for your wedding budget will ultimately come down to how much you’re willing to cut back on the things that you normally enjoy in daily life. Many people spend a healthy amount on things like entertainment and eating out every month, and those are the types of things you need to cut back on when you’re paying for a wedding. As tough as it may seem, just remember that you’ll only have to cut back on all these things temporarily, and the more disciplined you can be right now the better your wedding will be in the end.

There are a lot of tricks you can use to help you save a little bit of extra money if you generally have trouble. One popular method of saving money is The Envelope Method. With this method, you create separate budgets for all of your expenses and place them into envelopes to be marked accordingly. When you want to get a cheeseburger from your favorite restaurant for dinner instead of cooking something at home, take that money out of your food budget so you aren’t accidentally overspending. For more helpful budgeting tools like this, do some research online for popular budgeting methods. Find something that works for you and do your best to stick with it. Like we said, the more you can keep yourself from spending money the better your wedding will ultimately be.