5 Major Factors That Influence Your Wedding Budget
Planning your budget is a crucial part of getting ready for your wedding. It’s not just about figuring out what you and your partner can afford; it also shapes the kind of wedding you can have. Without a well-thought-out budget, overspending might become a concern, and you could start married life with unnecessary debt.
So, before you and your partner start dreaming up all your wedding goals, it’s important to give proper attention to budget planning. Below, we highlight some key things to consider during the budget planning process.
1. Guest Count
Think about it: a wedding with 50 guests and a $50,000 budget creates a different atmosphere than a wedding with 250 guests on the same budget. As the guest count goes up, you’re faced with either cutting down the money per guest or preparing for an overall increase in costs. Each guest also affects additional expenses like postage, stationery, flatware, centrepieces, table linens, and wedding favours.
So, before you start flooding mailboxes with invitations, take a pause to consider how much you’re comfortable spending per guest. This decision should match up with what matters most to you.
Usually, outdoor wedding venues are more budget-friendly than indoor ones. But, the expenses for your wedding venue still hinge significantly on its location. For instance, having your wedding at a humble country club is likely to be more cost-effective than choosing a renowned hotel ballroom. Different locations come with different price tags.
3. Time of the Day
Besides the venue, the time of the day is a crucial element to factor into your budget.
A morning ceremony paired with a delightful brunch or lunch reception is not only a feast for the eyes but also a treat for your wallet. Now, flip the script to an evening ceremony followed by a lavish dinner, and suddenly, you’re in a whole new ballgame of glam and expenses.
Generally, daytime ceremonies often carry a more casual atmosphere, bringing a breezy charm that usually translates to lower costs.
A Do-It-Yourself (DIY) garden wedding with folding chairs and wildflowers in wine bottles will have a distinct look and cost much less compared to a wedding held in a ballroom at Raffles Hotel. To put it simply, there are varying price points for various aesthetics. The more personalised and customised your wedding design is, the higher the cost will be.
5. Personal Style
Your wedding budget can fluctuate depending on the details you want. For instance, a simple afternoon wedding with personalised touches will cost very differently than an evening black-tie event.
In other words, your unique style plays a big role in determining your wedding budget. To make sure you spend within your means, align your personal preferences with your wedding budget by coming up with an extensive wedding planning checklist.
Smart budget planning is key for any wedding. To sidestep overspending and the risk of debt, getting a handle on your wedding budget well before the ceremony is essential. Though figuring out how much you’ll need might seem tricky, especially if you’re new to event planning, these factors can help you determine how much you need to prepare for the wedding of your dreams.
If you find yourself needing extra support in planning and getting ready for your big day, Blissful Brides is here for you! As a trusted wedding guide in Singapore, we offer numerous expert tips and vendor recommendations to make your wedding planning journey smoother and easier. From assisting with the venue search to wedding dress rentals and wedding photography packages, we’ve got you covered. Get a quote from us today, and let’s start preparing for your blissful wedding day!