Figuring out your wedding budget is one of the worst parts of wedding planning. Finances are difficult alone, but now you’re taking the first steps into merging your lives together and things may get sticky. You might have lavish dreams, but are they realistic for both your and your future hubby? According to Brides American Wedding Study, the average wedding costs $26,522! If that doesn’t make you bat an eye, then hey, have at all those details you’ve always dreamed about. But if you’re like me and are wanting to cry into a bottle of wine while analyzing that down-payment on a house/one year’s worth of student debt/brand new car then I have some advice for you.
Like nearly half of the couples getting married this year, G and I are covering the majority of expenses for our wedding. However, did you know that one in three couples actually goes over their wedding budget? This was not an option for us so we opted for setting a solid budget before doing anything else in the planning process. We began by tallying up all assets, listing our must-haves for the day-of, creating and maintaining a detailed spreadsheet, and being realistic throughout our engagement when it came to costs. It was hard work, but was so worth the time and energy to be wedding-debt free come post-nuptials. Here is exactly what we did on setting up our wedding budget: