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Busting the Budget Blunders
Busting the Budget Stigma
Everyday we have clients ask us for tips on how to handle their budget woes. This week’s Blog is going to be all about BUDGETS!…how to make a budget and stick to it!!
Step One: Making A Budget
The biggest problem clients seem to have is coming up with a realistic budget. Things to keep in mind while making a budget:
1. Industry rates range, depending on what state you are getting married in and if it is an urban or rural area. Having a wedding in a city versus a smaller town might end up costing you more in the end.
2. There is a price per guest for food and liquor. Remember to keep your Guest List in line with the budget.
3. Styles of weddings can determine the cost as well. If you want a more formal affair, you may be looking at a higher budget.
Check out the great Budget Builder at Real Simple Weddings Cost Calculator. You will find everything from the average cost of weddings in your area to budget worksheets to help you stay organized!
Step Two: Give Yourself A Cushion!
When creating your budget, be sure to put aside a percentage of your budget for emergencies. At the end of planning, you might want to use the money to upgrade your decor, food, bar or you might want to put it toward your honeymoon. But that little bit of money will ensure you never fully go over your budget!
Step Three: Talking Budget With Your Vendors
Once the budget is created it is all smooth sailing from there. I know talking budget with vendors can be intimidating, but follow these simple tips and it will be a breeze.
1. When picking a vendor, do your homework. Check out their websites or give them a call and ask what their price points are. Most vendors will discuss budgets right away.
“‘Be straight with the vendors and tell them your budget. If you have wiggle room, let them know. For the most part vendors are very honest and will tell you whether they can work within that budget and whether that budget is realistic,’ says Laura Wright of Laura Wright Events. ‘If they can’t work within your budget, ask them if they will give you the name of someone who can.’ You’ll save a ton of back-and-forth time if you’re on the same page from the beginning.”
-Article Planning Basics: How to Talk Money With Your Wedding Vendors, The Knot.com
2. You never know unless you ask! Tell your vendors what you want and ask what it would cost you.
“And trust us: It’s totally normal to experience sticker shock the first time you read through a pricing menu. Once you’ve learned that wooden farm tables are much more expensive than round tables and that even simple draping requires an entire team of pros, then you’ll really be ready to have a conversation. Additionally, when it comes to those intangible talents like photography, videography and design, Chenin Boutwell of Chenin Boutwell Photography points out that you have to remember that in some cases, you’re paying for “‘a unique eye, point of view and experience.'”
-Article Planning Basics: How to Talk Money With Your Wedding Vendors, The Knot.com
3. Make sure you have your vendor walk you through your contract and make sure to ask questions if you don’t understand. There is nothing worse than showing up the day of the event thinking you are getting one thing and really having another. Plus, Vendors are human, there might always be a mistake or adding error….it does happen!
For more tips on talking budget with your vendors check out this article on The Knot.com .
Step Four: Enjoy the Planning Process
Remember with the right vendors and the proper planning, no matter what size your budget, you really can have the wedding of your dreams.
Have questions or additional advice? We would love to hear it!
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