Setting and sticking to a budget for your wedding can feel like a constant tug-of-war between head and heart. (“I’m not sure [amazing idea] fits within our budget – but it’s so perfect for our day!”) You’re making a lot of purchases over an extended period of time, so it’s easy to end up spending more than you intended. Here’s our quick guide to the most common wedding budget mistakes and how to avoid them!
1. Not doing your research.
It’s not uncommon to set a budget for a particular detail, only to find out it’s not the going rate! Collecting quotes from a few different suppliers will give you a more accurate ballpark figure for each item, and a more realistic cost breakdown for your day.
2. Committing to big ticket items before setting a budget.
Having an idea of all of your major expenses before locking in suppliers is an easy way to stay on track. For example, you don’t want to book a venue and later realise you haven’t factored in the cost of the lighting or flowers you want!
3. Window shopping.
There are great options available for every budget, so keep your search to a price range that makes sense for you. Weddings are an emotional experience, so if you find yourself crying happy tears over a beautiful dress (even though it’s twice your budget), it can be very hard to say no!
4. Rushing into decisions.
Limited time offers can deliver great savings, and vendors can book up quickly, but don’t feel pressured to commit to a purchase you’re not ready to make. Taking the time to review your quotes and contracts is also important, so you’re clear on things like payment plans and cancellation clauses.
5. Purchasing everything.
It might seem like a good idea to buy all the items you need – especially if you come across a sale. However, there’s probably not another time in your life when you’ll need 40 identical vases, and it can be difficult to find other brides who want the same amount when it’s time to part with them!
6. Splurging on one item and not saving on another.
If you fall in love with something unexpected, try to downscale expenditure on another purchase to balance things out.
7. Impulse buying small items.
You may change your mind if you purchase too early, or realise the item isn’t quite what you needed after all when you see it alongside everything else. Little things in large quantities tend to be the hidden extras that send you over budget.
8. Justifying a budget blowout for every wedding detail.
They say compromise is the key to any great relationship, and that’s also the case when it comes to your wallet and the wedding! Unless you’re working with an unlimited budget, focus your spending on your top priorities to keep buyer’s remorse at bay.
9. Not keeping track of your expenses.
If spreadsheets aren’t your thing, logging your expenses in a wedding planning app or even just a notebook is a good way to stay on top of things. Setting calendar reminders for payment due dates also helps – just remember to factor in that final payments are usually one month prior to your wedding, rather than on the day.
10. Booking multiple suppliers for one wedding detail.
For example, booking one florist for your bouquets and another for your centrepieces. It’s easier to keep your brief consistent and your budget contained if you can work with a single supplier for each detail, as things like delivery fees multiply for additional vendors.
Want more money-saving tips? Check out these top ideas from budget-savvy newlyweds!