Allocating Your Wedding Budget

March 11th, 2009

The first thing to know is the basic formula, in terms of what percentage of your wedding budget should be allotted to each category of expenditure. The second thing to know is that these guidelines are really only that – guidelines – and that the actual divisions of your resources will be based as much on your priorities as on a chart. The trick is to find a way to divide up your available funds so that you are not left without the money to pay for something in one of the categories that interests you less.

In general, the reception is going to take up the biggest chunk of your wedding budget, normally about half. Within that 50%, though, it is entirely up to you how you want to break it down. For instance, if your top priority is having a venue with breathtaking views or a well-known name, you may spend more of that 50% allocation on the venue, and compromise by having a less expensive menu. Or if having top notch food is your main concern, you might spend more on the caterer, and less on the decorations and flowers.

All of the wedding budgets advise allotting around 10% of your funds to go for attire and beauty. The wedding attire includes everything from the wedding gown to the bridal jewelry, the hair, the makeup, and so forth. Feel free to save in one area so that you can splurge in another. For instance, you can find beautiful crystal bridal jewelry online and put the savings towards a more elaborate gown or a great pair of designer wedding shoes.

The reality is that most couples end up going over their budget, so allow yourself a little extra cushion. If you make a list of your priorities in the beginning, it will be easier to shift your money around to stay within your wedding budget when all is said and done.