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How to Allocate Your Wedding Budget

How to Allocate Your Wedding Budget

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A wedding is a once in a lifetime experience, but it can also be a once in a lifetime event that is the most costly. That is why breaking down your wedding budget is essential. Off the bat, it might sound quite complicated and confusing. But trust us, when you list down the cost out for all the spending, you will be able to allocate your budget accordingly.

In today’s blog we will be going over how to save those big bucks for your wedding so you can use it for other purposes. *such as your funds for HoneyMoon

From this chart below you can see a general breakdown of a general wedding budget

 

If one of the categories is over your budget, simply consider cutting down in a category that matters less. Usually, the average cost of a wedding dress is $1600. You can save more than 50% if you say yes with an Afarose dress! Spend more on things that matter to you more!

Wedding Budget Spreadsheet:

Something you should know about before your start your wedding spreadsheet:

Reserving 10-15% of initial budget for add-ons. It’s a good idea to spend just 90% of your budget, so you can feel more paything those extra good things when the time comes. By leaving some extra budget, it also means you can be more flexible too! Also, it can cover potential hidden fees such as : overtime, service fee, tips, and those makeup/hair trial fees.

There is no ‘correct’ way on how your wedding budget spreadsheet should be. Some brides don’t even want to start a spreadsheet, because it’s too complicated and stressful. If you prefer to have a rough budget (a range of numbers) instead of itemizing all the details, do it!

How To Create a Spreadsheet?

Use Excel Workbook or Google Sheet:

We love using Google Drive and other cloud channels to share the spreadsheet with your partner. Both parties are able to track and record numbers easily.

Horizontal Row:

Break each category into components. Some common categories are ceremony, beverage/bar, etc. The components will be the ceremony fee, ceremony music, canapers, cake, etc.

Vertical Column:

Record the budget, actual cost, the difference between budget and actual cost, balance, and payment due day. Using a sum and difference formula to auto calculate and do the magic for you.

Feeling overwhelmed already?

We have prepared a wedding budget spreadsheet just for YOU!

Google Sheet Link: (duplicate the sheet to your own Drive to start editing)

Downloadable Excel Spreadsheet

Happy planning brides-to-be! From today’s blog, we hope it will make it easier for you to plan your wedding finances smoothly. Remember, being top of your wedding budget and being realistic are the 2 keys we think that can keep you on track.



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