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WEDDING BUDGET PLANNER


Guide to Arranging a Wedding on a Budget using our Online Wedding Budget Planner

Welcome to Weddingsday
Contents
Wedding Planning Guide
Planning Your Wedding
Wedding Checklist
Your Wedding Plan
Budgeting
 Wedding Priorities
 Average Wedding Cost
 Paying for a Wedding
 Contributions/Donations
 Who Pays for What?
 Wedding Budget Planner
Setting the Date
Wedding Coordinators
Wedding Insurance
Money Saving Tips
The Engagement
Themes & Colours
Wedding Ceremonies
The Wedding Reception
Music & Entertainment
Wedding Flowers
The Wedding Dress
Beauty, Hair & Health
Wedding / Bridal Party
Wedding Speeches
Wedding Outfits
Wedding Photography
Wedding Videography
Wedding Transport
Wedding Stationery
Wedding Cakes
Wedding Rings
Wedding Gifts & Guests
Stags and Hens
The Honeymoon
Honeymoon Destinations
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By now, you should have set out your priorities for the day, know what the average cost is for the various elements that go into making your Wedding, and have a thorough understanding of both your current and future financial situation.

 

With this accomplished, you can now proceed to set an appropriate, achievable and accurate budget.

 

You can keep track of your budget with pen and paper or on a spreadsheet, or simply register with us free of charge to use the Weddingsday Budgeter located in the MyWeddingsday area of the site. Whatever you opt for, we firstly suggest that you begin by listing all the elements that can require a financial expense, and then allocate your spend against them. Initially we propose that you use the average costs as a base and then modify them as you progress with actual costs of your own. An example of your initial budget may look like the one below:

 

Item

Average Budget

Your Budget

Detail

Insurance

£110 (0.6%)

£95

Booked 29th October - details to follow

Service

£520 (2.8%)

£420

Booked for June 1st at St. John's - 1pm. Choir & bell-ringers also booked

Reception (venue, food & drinks)

£4000 (21.5%)

£3,500

Evening Reception (venue, food & drinks)

£1700 (9.2%)

£1,500

Entertainment

£850 (4.6%)

£750

Flowers

£685 (3.7%)

£600

Balloons & Decorations

£460 (2.5%)

£250

The Bride’s Outfit

£1590 (8.6%)

£1,400

Hair and Beauty

£170 (0.9%)

£150

The Groom’s Outfit

£200 (1.1%)

£175

Attendants Outfits

£575 (3.1%)

£650

Photography

£905 (4.9%)

£800

Videography

£905 (4.9%)

£0

Transport

£480 (2.6%)

£0

Not wanted

Stationery

£465 (2.5%)

£400

Being provided by Uncle Ian

The Wedding Cake

£370 (2.0%)

£0

Being baked by Grandma

Wedding Rings

£630 (3.4%)

£550

Gifts

£205 (1.1%)

£175

Stag & Hen Nights

£280 (1.5%)

£500

Spa Day in Lake District (Hen) / Golf Day and night out in Scotland (Stag)

Honeymoon & First night hotel

£3400 (18.5)

£3,000

Total Cost

£18,500 (100%)

£14,915

Contingency

@10%

@10%

Total Budget

£20,350

£16,407

 

The budget outlined on the previous page could quite easily resemble your own at this stage. For example you may have friends who are able to provide the transport and cakes as a ‘gift’ whilst a ‘videographer’ may not be your cup of tea. You may have booked the Insurance and the Service and therefore know actual costs whilst you plan to spend more than the average on your Stag and Hen nights.

 

We suggest that you constantly revisit this budget and update it as soon as you have definite prices for the various elements. We also recommend that basic detail is included on your budget planner, as per above, with greater detail (such as whether you have paid in full or just the deposit, when balances are due, contact numbers and more) kept with, or linking to this budget. An on-line Wedding Budgeter is available from Weddingsday and we recommend that you take a look – you should find that they will save you time and effort in the long run and can give you a helping hand on your way.

 

You will also notice that we have factored in a contingency budget into our example. When planning any sort of wedding it is easy to get carried away, especially when you start seeing all the fabulous things which would complement your day. Your contingency fund should be kept separate from the main budget for the Wedding and if you get to the stage where you need to break in to it, you should evaluate what you have left to pay for and allocate your remaining funds carefully. But just try to remember, it is exactly what it says – a contingency – the idea is that you won’t need to use it at all (we’ll see!). If you can afford to, try to put away the equivalent of 10% of your Wedding budget.  If not, you need to stick to your budget like glue!

 

It may be easy to say ‘stick to your budget’ but doing it is an entirely different matter, and to be honest, it’s nearly impossible. If you are to achieve the ‘impossible’, you really need to be hard on yourself and really keep on top of your budget at all times. All the various tempting upgrades that are just outside of your budget need to be bypassed and you need to remain focussed on you ultimate goal at all times and be aware that extra money spent on the Reception may mean that you have less money to spend on the wedding photographer for example. Work with your partner and make sure that they know the financial restrictions in place and can help reign you in when you get a little carried away and vice-versa.

 

If the worst does happen and you stretch the boundaries of the budget a little, this really is where the contingency fund comes into play. Whilst you should not plan to spend any, if you do, make sure that you take the funds from this pot. If the worst comes to the worst and you spend all of your contingency and then some, you may find that the Money Saving Tips article may help you to save some cash on other areas. If all of this fails, then we can’t say we didn’t warn you!

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Recommended Reading

For those of you wanting to find out more, we've a whole host of other wedding planning articles on our site packed full of expert information and helpful advice, not to mention our online wedding directory that's filled with wedding planners, toastmasters and more.

 
For friendly tips and helpful advice, take a look at our wedding planning forum and budgeting & planning Q&A's or check out the links below.

 


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