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Tep Tips to Planning and Organizing Your Wedding Budget

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February 18, 2014

Tep Tips to Planning and Organizing Your Wedding Budget

From the time of the Romans and St. Valentine, to Chaucer and Victorian England, the month of February, which includes Valentine’s Day, has been a month in which to honor the phenomenon of love. Known for wearing a purple amethyst ring with the design of cupid, St. Valentine was likely to marry many Roman soldiers on the battlefields, thus keeping the hope and love alive in the hearts and minds of men. The idea of romance and marriage certainly is thousands of years old, but weddings still capture one of the most memorable events of many people’s life timeline.

While Valentine’s Day might be over for 2014, if you recently became engaged over the holiday or will do so this February, it’s not too early to start planning your own wedding (and not on the Roman battlefield)! Whether it be within the year, or next Valentine’s Day, set a budget now and choose a venue early.

According to the website lifetips.com, at least 50 percent of your wedding costs will go into your reception. The venue, dinner for guests, champagne, decorations, an amazing cake, and entertainment and dancing all need to be considered in order to create perfect memories of celebrating with loved ones on your special day!

Don’t know where to begin? You may not be planning anything as grand as the British Royal Wedding of Prince William and Kate, but here are ten tips to setting a budget and sticking to it!

Prince William and Kate's Wedding Day (above)

1.)    Do some research on what a few venues or your flowers will cost before setting a final budget. This way you’ll know better what the realistic investment will be to host your wedding. For instance, if you budget $1,000 for your flowers and your research shows they will be a minimum of $2,500, you won’t be over budget or scrambling to pay the fee.

2.)    Make an excel spreadsheet with each vendor and the cost (including cost per person) and see where you can get the best deal and what each choice will lead to in a final tally.

3.)    Talk to your fiancé and include them in the process. Most likely they will have some input and a spreadsheet will be able to show them on paper the cost differences. Help each other compromise and make decisions. Marriage is all about compromise and planning your wedding is the best way to start off on the right foot!

4.)    Decide together how many people you’ll invite to the wedding, because most vendor prices will be based on how many people are attending (especially in regards to food and seating). You’ll each have people to invite, so make separate lists and make cuts as necessary to be able to get to a workable number of invites versus budget.

5.)    If you are thinking you’d rather plan a budget based on a “per person” plan, a good rule of thumb is $100 per person, which would include spending $50 per person for dinner and drinks, then the other $50 towards all the rest of the items that make the festivity special for you. It doesn’t even out for a 10 person invite list, of course, but generally it is an average cost for a larger wedding that can help you decide whether to put more or less into your wedding pot.

6.)    You could also plug in numbers you know for sure are fairly fixed, such as venue or venue package, then plan all other numbers to work around and with that number till you hit a workable cost.

7.)    Have your budget numbers reflect your priorities. You’ll want to think about what parts of the wedding are worth an extra cost to you and what you can compromise on (or where you need to be inventive). For instance, if you are dying for an amazing array of flowers, or phenomenal professional photography, and are fine with a vintage low-cost dress or a borrowed one, then let that reflect in your line items.

8.)    Once you’ve set a workable budget, make sure to leave a cushion for unexpected expenses, fees, or any add-ons you find you can’t live without. Use this as your discretionary fund.

9.)    Look into any discounts or assistance you can find to cut costs and if you are over in any line items, make choices whether to place that money to use in another category or just let it be pure savings.

10.) Keep track in your spreadsheet of actual costs spent so you track your expenses, pay your bills, and be on your way to a financially organized wedding!

 HideAway Country Inn, located in the rolling hills and woodlands of west central Ohio, has several beautiful outdoor locations in which to perform your nuptials. You can be married by the towering trees of the forest, by our babbling brook, and have your reception in our scenic hall, and if the weather is right, extend to our lovely patio.

 Our staff at HideAway Inn, known for its quaint bed and breakfast feel in Bucyrus, Ohio, can assist you with all your wedding planning. Call (800) 570-8233 today and be sure to visit our wedding page at: /weddings.

 

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