Wedding Budgets 101

After the proposal, wedding planning begins! And we all know that if you don’t keep track, all those “little” things can turn into a big price tag. Don’t worry though, we are here to help you consider the important aspects of your special day, while keeping your budget on track!

A few key questions to ask yourself when you begin planning your wedding day…

* What does the Wedding you want look like? 

– It may be possible to achieve the look you want, on a tighter budget. You may have to think outside of the box though to achieve those results.

* How much are you comfortable and able to spend?

– Only your significant other and you know how much you are comfortable to spend, so once your price range is picked, stick to your budget and stay on target.

* Are there any family that are willing to help with cost (Monetary), if so how much?

– Family is a great resource when it comes to helping with cost. You can figure out repayment options or they may give it as a wedding gift.

*Choose your top 3 priorities that you want to focus on (Music, Open Bar, Food, Décor…)

– By choosing your 3 top priorities, you can ensure that the bulk portion of your budget goes towards what is most important to you.

* How many guests are you inviting? (Make a guest list and crunch numbers)

– The process of inviting guests can be very over whelming to many, as most people don’t want to exclude anyone, but again, stick to what you can afford. How many guests? Children? Are you serving a supper? Open Bar? These are all factors to consider, when deciding if you should invite a great aunt or all your co-workers.

* DIY vs Renting/Purchasing. What is the time vs cost?

– DIY can either save you time and money or cost you valuable time and money, so weight your options and choose if DIY is best for you, or if renting/purchasing is the way to go.

Once you have answered these questions, make yourself a template to stay accountable financially!

Now that you have a few ideas to help you stay on budget, here is a breakdown of the weddings in Saskatchewan as well as percentages to work into your budget. (Keep in mind, these prices and percentages can change, depending on location, when you’re getting married, individual business…) so we suggest hiring a Wedding planner that can help you with your budget, time line and decision making processes!

 

Wedding Costs

Small Town Wedding – $10,000 – $15,000

Average City Wedding – $20,000

Hotel Wedding – $15,000 – $20,000

Large Wedding – $35,000+

 

Wedding Budget Percentages:

Reception – 45%

Photographer/Videographer – 18%

Floral/Décor – 15%

Planner – 10%

Paper Goods – 6%

Entertainment – 4%

Misc. – 2%

 

~Imagine.