Yesterday, we discussed how to stay on budget without sacrificing on style. We skipped to the fun part without digging into the first step of every wedding: establishing the budget! It's not as fun at picking out yours colors or the dress, but it will alleviate a lot of future stress when done properly. Just follow these guidelines from The Knot, wedding experts with over a decade of experience!
Talk with your families about who will pay for what: Some brides' families still pick up the entire tab, but more and more groom's families are participating too. How do you bring up the conversation? For many couples, talking to each family separately is the best way to have truly open discussions. When you do talk, here are strategies for determining your initial budget.
- Ask both of your folks to commit to a specific dollar amount, and then add up all the contributions to create your budget.
- Alternatively, it may be easier to ask each set of parents to finance a particular aspect of the wedding (such as the ceremony, honeymoon, or catering) instead of just committing to a dollar amount.
- Decide how much you two can contribute between now and the wedding. (37 % of the couples we polled say they're planning to contribute financially to their wedding.)
If you're planning on a formal candlelit dinner in the grand ballroom of that amazing hotel downtown, your budget is clearly going to have to be much bigger than if you've sketched out an afternoon tea and dessert party in your parents' pretty backyard. In general, there are several major factors that will really affect what you'll need to set aside.
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