Budgeting for your wedding

Mar 2, 2023 | Traveler’s Q

Making a wedding budget: what to consider Your current savings Your credit score (go into as little debt as you can) Alternative ways to fund it Keeping in mind unexpected life disasters that may occur before the wedding is paid off Wedding budget breakdown Not all marriages are created equal What will make the cost […]

Making a wedding budget: what to consider

  • Your current savings
  • Your credit score (go into as little debt as you can)
  • Alternative ways to fund it
  • Keeping in mind unexpected life disasters that may occur before the wedding is paid off

Wedding budget breakdown

  • Not all marriages are created equal
  • What will make the cost of your wedding vary from others that other people may have?
    • Ceremony
      • Ceremony venue rental
      • Marriage license
      • Officiant
      • Ceremony music
      • Any decor needed
    • Reception venue, catering, and rentals
      • Reception venue rental
      • Catering (food, service, rentals such as flatware, stemware, china, linens, etc.
      • Bartending (service, alcohol, rentals such as glassware)

Wedding Budget Mistakes To Avoid

  • Going into severe debt
  • Not prioritizing your spending decisions according to your values
  • Not tracking all spending
  • Not doing what you can to cut cost/cost efficiency
  • Not setting an absolute limit
  • Not keeping an emergency fund
  • Not considering alternative ways to fund it
  • Beginning your wedding planning with terrible credit

Steps to creating your wedding budget

  • Determine your values//how and what to prioritize
  • Determine exactly how you will pay for it
    • Loans and credit cards?
    • Side gigs?
    • Savings?
  • Itemize what you will pay in totality before you actually pay anything
  • Determine who will pay what
  • Choose the right wedding planner (allude to TQ CTA)

Conclusion

  • Summarize key points (tell them what you told them)
  • CTA to request a proposal from Traveler’s Q

.