Overwhelmingly, I’ve heard that couples struggle with creating a wedding budget — and sticking with it. So, in February we’re talking about budgeting for #WeddingTipWednesday.
This week, the tips come from my lived experience + statistics. I’m sharing with y’all how guest count affects most of your budget, some real-life examples of budgets in Central Texas (basically my lived experience, y’all), and ways I saved money on my budget micro wedding.
Of course, I am by no means a budgeting expert. I highly recommend you also explore Austin Best DJs’ wonderful guide to the cost of weddings in Central Texas, as well as Brides’ guide to creating a wedding budget.
Many of y’all felt that most estimates about the cost of a wedding in Central Texas weren’t helpful because they weren’t accurate. That’s because the cost of a wedding is completely dependent on several variables.
The most important variable?
Your guest list.
If you’re on a budget, your guest list is the first thing that needs to be paired down.
I’ve put together two sample budgets. One is for a large wedding with 130 people attending. The other is for a micro wedding with 30 people attending.
Where did I get these numbers? From my own experience. These aren’t totally the cost for my micro wedding and large wedding, because we skipped on some vendors. But I added in the vendors I personally feel create a complete wedding.
Note: These budgets don’t necessarily account for unexpected expenses. Brides Magazine recommends you put aside at least 15% of your budget for unexpected expenses.
Now is the time to have those awkward conversations with your parents about whether they can contribute to your budget. If not, your budget will come from your savings account, as well as how much you can save each month. That might mean you have to have a longer engagement period to give you more time to gather funding.
While credit cards and loans are an option, most financial planners don’t recommend putting yourself in debt for your wedding. If you do, make sure you have a plan to pay it back quickly.
Because we knew that we were going to be paying for a big wedding in the near future, we didn’t go all out for our micro wedding. We saved a ton of money by hosting our wedding at a free venue, Chapel Dulcinea, and not having a videographer.
The most common way couples go about cutting their budgets is by price-shopping and looking for the cheapest vendors in their area. I highly recommend you avoid this tactic for most of your vendors, because you really do get what you pay for.
For the rest of the month, we’ll be hearing from wedding planners and financial experts about how to save money and stick to a budget while wedding planning.