A wedding is one of the most serious events that will ever happen in your marriage. A wedding budget is used to make sure you do not over spend. It details down all the expected expenses and revenues to fund the wedding. Unlike a business, a Wedding Plan. rarely has its own revenue to set off the expenses. The fact that it’s a onetime event does not mean it does not require a serious and carefully planned budget. A wedding can leave you broke if not well budgeted.
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Factors to consider
When preparing the budget, the factors you should put into consideration include;
- The source of the funds: Take note of where the money is coming from. In a typical wedding money comes from folks of the wedding couple, the savings of the wedding couple and well wishers.
- The guest list: The longer the guest list the bigger the budget.
- The sophistication: If the wedding is going to include very sophisticated dressings and servings, then the budget is bound to be large. To cut down the cost, you should use the simple materials available.
- The styling: A formal wedding is bound to cost more. This is because it will include a formal Guest List and so the whole setting will be above average in terms of sophistication.
A weeding budget is used to outline the important expenses and the available funds. A wedding should not leave the couple financially unstable and that is why budgeting is important, it enables the couple’s measure their capabilities. It prevents them from incurring debts.
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