WEDDING BUDGET PLANNING & MANAGEMENT - Wedding planning guide
Updated: May 2, 2021
Exactly, do not play ping-pong with wedding vendors and delusion your own expectations after each next quotation received. The most progressive economies and nations in the world speak the clear and specific financial language. In the wedding context, it is a budget. Understand your budget clearly and use it as the start point of rational and stress-free wedding planning.
Whether you are funding your wedding yourself or have support from family and closest try to set realistically your bottom line and the highest limit you would have for your wedding.
It is very important to write this figure down and speak it out.
But what is next? You need to know in what proportion the wedding budget should be distributed. Based on my personal experience, common sense and general stats a healthy budget distribution would look as follows:
Venue rental & banquet/catering 35-40% of budget
Ceremony, styling and decoration 15-20% of the budget
Photography & videography – 10% of the budget
Emcee & entertainment – 15% of the budget
Bride & groom look – 5-10% of the budget
Miscellaneous – 5% of the budget
Transport, stationary & technical equipment – 5% of the budget
The imperial rule of wise budget planning is setting the priorities. It is impossible to crave for everything unless your budget is unlimited. You will have to be rational.
Control your budget and do bookkeeping instead of keying in expenses upon spending.
Here is a breakdown of thoughtful and rational budget planning: if your allocated budget is 100K ringgit, the corresponding expense portion will look as following:
Venue&reception - 40K
Ceremony, styling & décor – 15-20K
Photography, videography – 10K
Emcee, entertainment, sound & light – 15K
Bride & groom look – 5-10K
Misc – 5K
Logistic, tech appliance & stationary – 5K
This is a healthy budget division. As one budget article overrides the portion it will cause compromising on the rest which greatly affects the final wedding celebration experience. Keep balance.
I’m sharing today our worksheet of budget control where you can key in planned & actual costs and they will be displayed in a graph/chart for your perusal and expenses tracking.
Click here for FREE download.