How to Determine Your Wedding Budget

Newlywed couple sharing their wedding cake at the Joseph Smith Memorial Building Meetings and Events in Salt Lake City, Utah.

Planning your wedding is a very special experience. You are probably very excited about different decorations and details that you can include at your beautiful event. Before you start making large purchases and putting deposits down, you should first determine a clear budget for your wedding.

Income and Savings

Your wedding budget will ultimately be determined by how much money you are able and willing to spend on your wedding. As much as possible, you should avoid going into debt. This is especially true when planning your wedding. While a wedding is very special and important, it only lasts for one day. It is better to start off your marriage financially stable than to be thousands of dollars in unnecessary debt. Sit down with your fiancé(e) and frankly discuss how much you are both reasonably able to contribute to the wedding based on your combined income and savings. Keep in mind that you don’t have to spend that much on your wedding; you can still have a beautiful event for a reasonable price.

Venue

One of the biggest expenses in your wedding budget will probably be paying for a venue. A venue should be decided on before more minor details. Your venue will help to create the aesthetic you want for your wedding. If possible, tour possible venues with your future spouse to make sure it is a location that you both love. Look for an elegant, beautiful venue that will help frame your wedding well.

Guest List

Another important factor when determining a wedding budget is your guest list. If you want to have a lot of people attend, you will usually need to pay more. This is especially true if you are planning on catering. If you choose to have fewer guests, you can either spend less on your wedding or use the excess money in the budget in other ways.

Remember that you and your spouse are not defined by how much money you can or choose to spend on your wedding. Your relationship is worth far more than anything you could spend on one event. A firm budget will help keep you both on the same page and prevent overspending while planning.

To book an elegant, well-priced venue that will help you remember your wedding day for years to come, reach out to Joseph Smith Memorial Building Meetings and Events here today.