How much is too much? A question you often ask yourself when discussing money. A question for which we may never find the exact answer because budgeting is a concept that is relative. Like they say, ‘one man’s food is another man’s poison’, similarly, what one might consider the basics might be an extravagant affair for another.
The scale varies tremendously when it comes to budgeting weddings and understanding where to draw the line. This to many can be the most tedious and stressful part of wedding planning and therefore here are a few pointers to get you started in the right direction.
Prepare a budget
This can be a tricky one but we always like to believe that ‘nothing is impossible’. If you don’t know what amount to begin with which means, if you don’t know how many zeroes to add to the digits then we suggest working backwards. Aim at creating a rough estimate based on the total costing of all the things you would like to include at your wedding.
This one has to be our favourite. We love the efficiency achieved when you break down everything to smaller, simpler parts. Create multiple lists of the different aspects of the wedding ranging from personal to family expenses, decor to entertainment expenses, accommodation to catering expenses. These lists are then further divided to help track what expenses each of them include. Like for example the ‘Personal’ list could include your wedding outfit, cost of hair and make up, cost of accessories while the ‘Entertainment’ list could include costs of hiring a DJ, the band for the baraat etc.
Rank your sub lists
Creating a list not only assists you in breaking down your expenses but also allows you a clearer understanding of what is most important to you both as a couple. It allows you to prioritize the costs based on your preferences. This is an effective way of saving yourself the moolah you would otherwise be spending with the assumption that everything needs a big budget because everything is important.
Source multiple vendors
We say work hard but more importantly, work smart. A good idea would be to gather quotations from multiple vendors as this allows comparison. A good way to start sourcing vendors would be through references and then move on to search-based vendors or just hire a wedding planner who would give you the costs at the most economical rate.
Recruit a good planner
Time and again we stress the assistance of a good wedding planner to help you through your big day because we assure you it’s a battle half won. Professional wedding planners not only assist you with creating lists of what all needs to be budgeted but their strong network of vendors also means better costs and guaranteed quality of work. After all we don’t like to take gambles on big days, do we?
Whether your strategy is to start with a model budget and work towards trimming it down or to start from scratch and work each costing till you arrive to a final figure, we recommend you to be systematic. Like we said, there’s no right or wrong spending but there is definitely the irrational spending that you would like to avoid.
The Wedding Co. aims to provide you a budget-friendly wedding without any compromises on the details. Our team works with you on each and every detail of the event and provides you guidance at each step so that your vision becomes a reality.