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3 Tips for Sticking to a Wedding Budget

Mar 9, 2021 | Finance

Setting a wedding budget is one thing, but it’s another thing entirely to be able to stay within it. Deciding how much to allocate to your wedding budget might be a little stressful at first, but remember, setting (and actually sticking to) your budget is arguably the most important part of planning a wedding.

It can be a bit challenging trying to keep your budget on track throughout the planning process. But whether you’re dreaming of a wedding fit for a princess, or a rustic soiree in the countryside – these three top budgeting tips will help you stick to a budget that’s right for you!

Start saving early to save big

Once you’re engaged, start setting aside as much of your income as you can to achieve your desired outcome for the wedding. Discuss important decisions with your partner like how long you’ll want the engagement to last. The longer the engagement, the longer you’ll have to save – and the sooner you start saving, the greater the payoff on your wedding day!

Try and limit your spending as best as you can (e.g., skip your daily Starbucks run and make your morning coffee at home). Small treats don’t really improve your quality of life. And hey, after a year, the extra cash you saved will help cover the cost of some wedding essentials.

Define your non-negotiables (and decide what you don’t need)

These two go hand-in-hand. At some point during the planning process, you’ll have to ask yourself what wedding items are at the very top of your priority list. In other words, what are your “non-negotiables?” For example, if you’ve decided that your dream wedding dress is a non-negotiable, think about some other things you may be able to sacrifice in order to splurge on this purchase.

Another option is to browse through wedding dresses that are affordable that don’t sacrifice quality for price. Check out these designer wedding dresses under $1,000 here.

Leave some wiggle room

It’s always a good idea to leave some room In your budget as a safety net. Like the saying goes “expect the unexpected.” It’s better to be safe than sorry in the case of unexpected costs. Perhaps you’ve found unexpected inspiration or you find out a needed Item has increased in price. Having a buffer within your budget will help to ensure that you don’t exceed your financial limitations.

Planning a wedding (and all the energy that goes into it) is hard enough without having to worry about money, but If you plan ahead, you won’t have to worry. How did you manage your wedding budget? Let us know!