How to balance the budget for your wedding day

Wedding Budgets

Ok, let’s all admit that the wedding budget is not on the top of everyone’s discussion list most of the time but seriously needs to be discussed with everyone that is contributing. The average cost of a wedding in North Carolina is between $17,000 and $35,000 while the average nationwide is between $27,000 and $65,000.  In addition, the average age of the bride and groom is late 20’s and as a couple you definitely don’t want to start your life together with a lot of debt.  Here I’ll incorporate some tips on how to save costs on the necessities while still making your special day one of the most memorable of your life!

  1. The majority of the cost of the wedding is the venue, catering and rentals.  This category can take up to half your budget.  The cost of a reception in North Carolina ranges from $10,000 to $15,000 when you add in the food, alcohol and table settings.  There are wonderful vineyard venues in North Carolina that are reasonably priced and absolutely visually stunning.  Granted there are also some very upscale vineyards, but there are also many vineyards that are very comparable, if not lower, in price than your local banquet hall or hotel.  Vineyard weddings can be budget friendly.
  1. Of course, you need to take into consideration the number of guests as this is the easiest way to reduce costs.  Think about how this reduction can create a very intimate atmosphere with just inviting your closest friends and family to witness your celebration of marriage.
  1. You can also cut costs on additional items like flowers and decorations with a vineyard venue because the atmosphere lends itself to more of a natural setting, which includes the natural beauty of the vines and surrounding terrain.

Make sure you discuss your budget with everyone who is contributing and understand the dynamics of your choices and then stick to it throughout the planning stages.  Remember that your wedding is the first day of rest of your lives together, and you’ll want to start it with a positive attitude along with a positive net worth!

Some additional items to think about — How many vendors will you need and how will you negotiate with them?  How much should you spend on a photographer, florist, band and/or DJ?  This is where a wedding planner can be well worth the cost 🙂

I also found the following two articles very informative – bit.ly/URPaMq and bit.ly/XXEQmE

If you would like to speak with someone about budgets for your special day, feel free to set up a free consultation or inquire further here

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