This was particularly brought home recently by the wedding of Princess Eugenie to Jack Brooksbank, which, if you believe the papers, cost somewhere in the region of £2m. Most of us don’t have that sort of money to spend on our weddings but we all deserve to feel like a princess.
So how do you manage your spending to ensure that you don’t go over budget, because your heart has ruled your head, but still have the day of your dreams?
Here are a few tips and some useful websites:
- Actually agree upfront your total budget, this is paramount, may seem obvious but is the starting point.
- Then once you’ve worked out the budget add a contingency of say 10% for those unexpected items – can you realistically afford this, how long do you want to save for? Are parents/others contributing?
- Then identify all the things you may need to spend money on – you’ll find this list from the ‘weddingsday’ website a great place to start it shows you the main things you need to think about and the average cost. Will your budget cover it?
(venue, food & drinks)
(venue, food & drinks)
|Balloons & Decorations||£460||2.5%|
|The Bride’s Outfit||£1,590||8.6%|
|Hair and Beauty||£170||0.9%|
|The Groom’s Outfit||£200||1.1%|
|The Wedding Cake||£370||2.0%|
|Stag & Hen Nights||£280||1.5%|
|Honeymoon & First night hotel||£3,400||18.5%|
4. Be aware of hidden wedding costs – The One Fab Day website gives a list of 15 hidden costs, from manicures, to wedding dress alterations, to the stamps needed to send out your invitations, it all adds up. Make sure these are all factored in
5. Use a budget planning tool to track your spend, there are some great ones about;
a) Track my Spend or the Fudget : Budget Apps
b) Or you could just use an excel spreadsheet if you want something simple – you can download one from the wedding guide for free.
c) Bridebook, for a web or app based all in one planner which is one of the best on the market;
d) Or if you prefer pen and paper then hitched, has reviewed a selection of the best wedding planner books, I would personally recommend one that is divided into sections such as the Unique Planners Shop Wedding Planner, this just helps keep everything well organised.
6. Set up a separate wedding bank account that you can pay into to save up the money you need for the big day.
7. Finally make sure you stick to it, a little extra spend here and there soon adds up, but hopefully these ideas will help!
From our perspective we were interested to see that decorations are such a small proportion of the budget considering the overall effect they can have on the way your guests perceive the day. It’s important to get the right people involved to make the most of your funds – if you’d like any assistance, we’d of course be happy to help.
Have fun planning!
The PP Team