Common wedding budget mistakes most couples make
The wedding budget is the single entity that determines everything about your wedding. Everything from your beautiful wedding gown to the florist, caterers and even wedding favors depends on the funds you put aside for your wedding plans, and how you distribute it among different components.
When stepping into the new chapter of your life as a newly wed couple, you certainly do not want it to be with debt that you will struggle to settle. Unfortunately, many couples have a grand wedding and later struggle with their finances. Then there are also occasions when couples find themselves spending much more than they anticipated on their wedding. This is because of lack of proper planning. Plan the wedding budget sensibly, and you can avoid this situation.
Let us take a close look at the common wedding budget mistakes many couples make and how you can avoid them.
1.Not fixing your priorities
Every couple wants a fantastic wedding. Nevertheless, you have to make at least few compromises, if you are on a budget. Nonetheless you can plan the best possible options for your budget by fixing your priorities. First, settle on a realistic wedding budget. For this, you may have to do some research on the average cost for each wedding planning aspect instead of just picking a number at random. Next, list the order of preference for each of them. This way, you can allocate more funds to those on the top of your list and be thrifty about the ones at the bottom.
2.Not figuring in the smaller, but essential items
A real bride reveals in this article, that one of the biggest mistakes she made at her wedding was overlooking the small items that were still essential to the overall wedding picture. She isn’t alone, as many brides who do most of the planning themselves forget to factor in certain items. It isn’t easy when they later have to find the funds to meet these expenses. Even the smallest dollar purchases will quickly add up. So, you shouldn’t overlook any factor when calculating your budget. Checklists are a big help in this situation. Make comprehensive checklists for every single item you can think of, for your wedding. Cross-check with ready to use checklists online and also have someone else take a look at them, just in case you may have missed something. Factoring in every likely expense will help you avoid going over-budget.
3.Not figuring in the extras for bigger purchases
For many items like your wedding gown, the price on the label isn’t the final figure you will pay for. There are extras for alterations, accessories, inner-wear and sometimes delivery charges. When you allocate a budget for such an item, make sure you account for these extras as well. Obtain a general idea of how much the extras will cost. Plan the actual budget for the main item after deducting these charges, and you will not end up spending more than you actually intended to.
4.Last minute shopping and bookings
The closer you book venues and vendors to the date of your wedding, the higher the cost you will incur. Start your planning early, and you will have plenty of time to scout around for the best deals. You will also have time to research and weigh options, and find the most budget-friendly ones. Booking early will also allow you to get the best vendors and deals for your wedding. Where wedding dresses are concerned, rush charges are significantly higher and you will again have to pay extra for alterations at short notice. Once you know your wedding day, don’t delay wedding dress shopping. Make sure you shop for your dress at least six months in advance. Similarly book your venue, band, caterers, photographers, florist and other vendors as soon as you finalize the wedding theme and decide on what you want.
5.Trying to save with DIY but ending up with more than you can handle
One thing many brides tend to overlook is the scale of the wedding. Although they may be capable of handling DIY details or have friends and relatives who are good bakers, florists or venue decorators, they may not have the resources or abilities to handle the task on large scale. When a DIY disaster occurs at the last possible moment, the only option is to get the available alternative, usually at a very high price. Avoid this costly mistake by being realistic about what you can actually handle. Also exercise caution when entrusting a wedding task to someone you know. Make sure that they are capable of handling it before handing it to them.
6.Not paying proper attention to vendor contracts
Never ever assume anything on a contract, but clarify every single doubt. Also, make sure that you dedicate enough time to reading every detail on your contracts, and avoid overlooking anything essential. Different vendors offer different services in their package. So, although one vendor may offer delivery and setting up of your cake, another may not for the same price. Similar extras are wine corkage charges, cake serving charges, taking down of décor and clearing tables. The same applies to your photographer and band too. It is always best to clarify all these little details before you sign the contract and book the vendor. Make sure you know how many hours or what all services are included in the package, so you don’t end up paying extra to get the service you want, at the last minute. Here is a list of the common hidden costs that you may want to consider seriously.
7.Picking vendors and services without comparing rates
Unless you are absolutely particular that you must have a certain vendor for your wedding, you should check around for the best deals for your budget. Compare deals, packages and service quality to find the right deals that give you what you want. Although you shouldn’t compromise on quality for price, save the greater chunk of your budget for your priorities and adjust with what will fit the bill for the rest. If you come across a deal that seems too good to be true, make sure you consider the pros and cons before making your final decision. Don’t be too hasty to fix a deal. Negotiate the prices, look for discount options or referrals, and you can make your budget work further for your needs.
8.Giving into pressure
Many couples end up spending more than they should, just because people advice them that they need something that they really do not. This can be a budget-buster. So, rather than giving into pressure, do your research and know what you want and whether it is needed to realize your wedding vision. There are few “must-have’s” in a wedding, and these should be what are actually important to you. Unless the people who push you into inviting more guests, putting up a photo booth or splurging on expensive wedding favors are actually contributing to the cost for it, you do not have to oblige.
9.Buying more than you actually need
It is always safer to have a little extra than you actually accounted for, but don’t take it to the extreme. Although a few extra invitations and wedding favors may be a good idea, you do not need extra hundreds of them, just in case. Think of every aspect thoroughly, so you do not make a mistake when calculating numbers. For invitations, think of how many families will be attending, rather than the total number of people. You do not need separate invitations for members of the same family. So, think of such relevant details and you can save yourself quite some money on these unnecessary expenses.
10.Last-minute changes to plan
If there is one thing that every couple should do, it is have a clear idea of what they want before they set out to do it. Vendors may suggest changes, friends may encourage you to take things a little further, but only you know what you want and what you can afford. Avoid falling for temptation and making last-minute changes that will cost you dearly. You can be flexible and make small variations down the line, but don’t go for a major overhaul as the unexpected expenses in such cases will quickly add up and turn out to be disastrous.
11.A guest list that gets out of hand
Your wedding expenses are directly linked to the number of people who will attend. So, have a good grip on your guest list, and you shouldn’t go over-budget. One of your first wedding planning decisions should be the number of people you can afford to have. Not only should you factor in your wedding priorities when distributing your funds, you should also consider whether this type of wedding will be meaningful to you. Once you arrive at a decision, stick to it. You don’t have to be extra-generous to satisfy your friends or family, nor do you have to feel guilty about having the wedding you can afford. Some decisions are tough, but you have to put your foot down where it is necessary for your own good. This is one such situation.
12.Not exploring your options
There are many ideas that will take your budget further. It is unfortunate that very few couples explore such options. Simple ideas like serving three-fourth portions instead of full cake slices, or having a selection of local wines instead of an open bar will make a small difference in the overall impact of the wedding. However, it will help your savings even while you can achieve similar results. You can also look to your vendors for creative but thrifty solutions to your various needs. As professionals who have worked at many weddings before, they should have plenty of ideas. Wedding planners are usually experts who can come up with creative and budget-friendly solutions for several wedding planning aspects. Look around for budget-friendly options, at least for your lower priorities. Your guests are less likely to notice the difference, and you can have the wedding you desire for much lesser.
13.Always choosing the safe option
When you are on a tight budget, it may be better to think out of the box than go with the conventional (expensive!) choice. If you are ready to take the risk, it is likely that you will find several good deals in unexpected places. One instance is where your hair and makeup is concerned. You can always have your hair and makeup done by a professional artist. However, you can also consider booking your appointment with a beauty school and enjoy the same outcome. Similarly, you do not need an expensive vintage car to leave your reception in. Instead, deck up any car with some creative décor and it will be just as impressive. One of the best things of thinking creatively is that it allows you to have unique wedding elements that will make your wedding memorable.
14.Forgetting about tipping vendors
Many things about weddings still follow certain etiquette rules. Wedding tipping is one of them. Although it is now largely considered a personal decision, tipping is customary. Unless a vendor’s service charge includes gratuity, or the person performing the service is the owner himself, it is common practice to tip the people serving at your wedding. Similarly, delivery drivers are also normally tipped for their service. Here is a guide to wedding vendor tipping on the Real Simple website. This should give you a good idea of how much you should allocate for this factor.
Avoid these common mistakes and your wedding should progress without too many hassles in the budget department. For budget wedding dresses, and great deals and offers to make the most of your wedding dress budget, visit this link to our clearance and sale section on Best for Bride—the one-stop shopping destination for today’s bride.