Drawing up a wedding budget is an important, if not the most pleasant step in wedding preparation. If you pay little attention to it, you can have time to spend all the money without paying for the most necessary purchases and services. So that you do not get into such a situation, we have prepared for you a list of typical mistakes in the financial planning of a wedding. Follow advice from Chanfashion and may your money always be under control.
Spend without a plan
Money loves to count, especially when planning such a large-scale holiday. Before you start spending your wedding budget, you need to plan it. Of course, in the process of preparation there will be adjustments and changes in plans, but you need to designate a list of expenses and the amount of money, at least in general terms.
Fortunately, in a hurry to help you Budget Planner by Chanfashion! We have created the most convenient tool, thanks to which all your finances will be in perfect order: you can clearly see what your budget is and how much you can still spend, what amounts and to whom you paid as a deposit or paid in full. No more frantic searches for checks and clarifications about whether a deposit has been made 🙂
We are not calling for turning into a miser and organizing psychological battles for discounts, but why not save the budget where possible?
First, critically review guest list. A banquet is one of the most voluminous budget items, and every guest who was invited only because “it’s necessary” will cost you a pretty penny. Are you ready to buy a dress cheaper to call colleagues from another branch or a long-forgotten fifth cousin? 🙂 Always think about which of the guests you and your fiancé really want to see on your big day.
Second, think about the time of year. A beautiful wedding can be organized not only in the summer. Moreover, in winter and autumn, it will also turn out to be much cheaper without unnecessary infringement. wedding specialists free on most dates, restaurants and venues reduce prices due to the off-season, and even wedding dresses get on sale — solid pluses if you don’t get into the wave of New Year’s corporate parties 🙂
Thirdly, feel free to ask about discounts. Perhaps the makeup artist will offer a discount on makeup to girlfriends or mom, and the photographer will reduce the price of a photo book when ordering a full day of shooting. The key is to ask, not demand.
In wedding preparation, you can save not only money, but also time. Find wedding professionals quickly with Tenders: 5 minutes to fill out an application — and suitable pros will offer you their services!
Save too much
Yes, yes, you should not get carried away with savings: both quality and budget may suffer. It sounds like a paradox, but now we will explain everything 🙂
The pursuit of a low price can unexpectedly turn into additional expenses. For example, you decide to save money and choose place for a banquet cheaper. The first obvious minus: most likely, there are some shortcomings in a cheaper place — for example, a small parking lot, tired repairs, insufficient equipment. In the short term, the victory is yours, the money is saved. But in the long run, you will have to increase the decor budget to make the hall look beautiful, and rent additional technical equipment so that the restaurant does not let you down at a critical moment.
Before happily grabbing at a cheaper option, we advise you to weigh the pros and cons and calculate what additional expenses such savings will incur.
Ordering a star presenter, exotic flowers and driving a rented Lamborghini to the restaurant “At Aunt Glasha’s”, because only the rest of the money was enough for him is not the most reasonable approach to spending, agree 🙂
To avoid running out of money before paying for the most important things, we advise you to take the time to prioritize. Write down all the points of wedding expenses: from renting a restaurant to seating cards. And after that, number them in order of importance — let the first number be the most mandatory and important item on which you do not want to save, and then everything goes in descending order. When you’re done, take a critical look at the very bottom of the list: what can be deleted from this completely or spent on it on a residual basis?
Then, in the process of preparation, periodically look into this hierarchy and check: are you currently ordering expensive handmade invitations, completely forgetting about the design of an outdoor ceremony, which has a higher priority?
Forget about the little things
Eh, if the wedding budget consisted of only a banquet, a photographer and a wedding dress, everything would be much easier 🙂 During the preparation, many small purchases and expenses can occur. A big mistake is not to include them in the budget. Of course, tips for waiters or makeup for your mom and your fiancé on your wedding day may seem cheap compared to the big expenses for a restaurant or an outdoor ceremony. But believe me, these little things can form a huge snowball that will hurt the budget.
Be sure to write down every small wedding expense and set aside at least 5–7% of the budget for small purchases.
Now you know the most important things about planning a wedding budget. Get started with our practice Budget Planner and keep your spending under control 🙂