A wedding is important for most people but it all starts with organised budgeting.
Without a proper plan or approach, it’s difficult to host a wedding that’s in line with your expectations. As a result, it’s time to break down what’s required to make sure you are heading in the right direction.
Understand the Costs
Let’s begin with the costs because that creates a baseline for you to follow. While the figures are going to vary from wedding to wedding, it’s never a bad idea to keep this information in the back of your mind moving forward.
Wedding costs in the UK can include:
- Venue – £5,000 – £6,000
- Photography – £1,000
- Catering – £5,000-£6,000
- Wedding Flowers – £1,000
- Videography – £500
- Cake – £500
- DJ – £500
- Shoes – £200
- Wedding Dress – £1,000
- Groom’s Attire – £600
- Wedding Rings – £1,000
- Gifts – £500
These are the general costs associated with a UK wedding.
As mentioned before, these numbers are going to differ from person to person depending on how many guests are coming. Go through each detail and figure out what the total sum is.
Create a Budget
It’s time to sit down and start working on a proper budget while saving up. The average couple isn’t going to have everything ready to go from a financial perspective and that’s why organised budgeting is a must. Otherwise, you are not going to save as much money as you need to for the big day.
In general, budgeting is all about taking a look at how much money is coming in, minusing expenses, and figuring out how much money is saved each month.
You want to have this number in mind before dividing everything and pushing money towards the wedding.
When you have a plan in place, it becomes easier to save additional money by cutting unnecessary expenses. Think about this as you put together a detailed strategy and work towards saving enough money for the big day.
Set a Date
Yes, it’s important to have a date while working out how much time you have to work with.
A couple that is getting married within 12 months is going to have a far different approach to someone getting married in 3 years. This is why it’s important to have a personalised date in mind along with general information regarding how many people are attending. Having this information is going to shed light on what you need and how long it’s going to take.
When you have a date in mind, everything starts to fall into place.
Remove Unnecessary Expenses
Now, it’s time to focus on the budget and how you are going to handle funds while looking towards the wedding.
It’s important to note the money isn’t going to save itself. You will have to start finding ways to save as much as possible. If not, you are going to end up running in circles figuring out where the money went and why you didn’t save enough.
The main expenses a person should focus on are the unnecessary ones such as entertainment, trips out to eat, or anything that is not essential over the long-term. Yes, everyone likes going out to eat each week but it may not be possible while saving up. Think about the long-term goal and everything will become easier to manage and understand.
Ask for Quotes
If you are getting married within the year, it may be time to start asking for quotes. Even if you are getting married 2-3 years from now, it never hurts to get a general estimate of what the going rates are.
Having information about specific venues, videographers, photographers, and more is going to go a long way. You will have a fair idea of how much is required in your neck of the woods.
Feel free to shop around while going through this process because it will make your life easier when it’s time to plan things out in detail.
Don’t assume the money is being saved because that’s when you start slipping. Too many couples end up surprised when their funds don’t line up with what they had budgeted.
A UK wedding isn’t going to be cheap and it will come with additional expenses. So, you need to come prepared and make sure you are tracking how much money is being saved monthly.
If you are not able to do this, the funding is going to become a major hurdle that is difficult to deal with. Prepare to record everything and keep track of things as much as you can.
The most important thing is to focus on following this advice and budgeting with passion. As long as you do this, the results are going to come and you will host a memorable wedding.