
THE BRIDAL JOURNEY BLOG / BUDGETING
Establishing a wedding budget might not be the most glamorous part of planning your big day, but it’s one of the most crucial.
20 JANUARY 2025
Feature Image: PETER KARLSTRøM
Words: The Bridal Journey Editorial Team
With the average wedding costing around $60,000 in 2024—staying financially savvy is key to making your dream day a reality. Here’s how to plan your budget wisely.
DEtermine who’s contributing
Gone are the days when the bride’s family covered the entire bill. Today, many couples split costs with their families or pay for the wedding themselves. Discuss openly and honestly with everyone involved to determine contributions and set a clear financial baseline.
DEfine your guest list
Your guest count heavily impacts your budget, predominantly catering and venue costs. Start by estimating your invite list and consider a potential 10% decline in RSVPs. Your venue and catering are the most significant parts of your budget, so guest count is key.
set a budget first, shop later
It’s tempting to fall for a dream venue or elaborate cake before considering costs, but always set your budget first. Adjust your vision or reallocate funds if your expectations and resources don’t align. Never overspend to the point of financial strain—your future self will thank you.
DEcide on a planner
A wedding planner can simplify the process but adds to the cost. While the average planner charges $2,100, luxury planners can exceed $10,000. Decide early if hiring a professional fits your priorities, or consider DIY planning if it doesn’t.
break down your budget by category
Allocate funds by percentage to stay on track. A general guideline is:
venue & catering 40% / Photography & Videography 12% MUSIC & entertainment 10% flowers & decor 10% attire & beauty 9% ceremony costs 3% favors & gifts 3% transportation 2% wedding bands 2% cake 2% emergency fund 2%
Account for hidden costs
Don’t overlook unexpected expenses such as vendor tips, taxes, beauty treatments, or travel for destination weddings. These small items can quickly add up, so build them into your budget early.
request cost proposals
Before signing contracts, ask vendors for detailed cost breakdowns. This will give you a clearer picture of where your money is going and help you make informed decisions about your budget.
stay organised & track spending
Maintain a spreadsheet to document all expenses, from initial estimates to final payments. For transparency, please share it with your partner and contributing family members. Budgeting tools can keep everything streamlined.
negotiate with vendors
Many vendors will work with you to create a package that fits your budget. Be honest about your financial limits and be flexible with reduced hours or smaller packages. Offering to pay upfront can earn you a discount.
Cut costs creatively
DIY Details: Personal touches like handmade centrepieces or digital invitations can save money while adding personality. Dual-Purpose Decor: Repurpose ceremony flowers for the reception or opt for reusable decor items. Local and Seasonal: Choose in-season flowers and regional ingredients for catering to reduce costs.
A wedding budget isn’t just about saving money—it’s about ensuring your special day reflects your vision while keeping financial stress at bay. By prioritising, organising, and staying flexible, you can create a celebration that’s as magical as it is manageable. Looking for more tips?
FOLLOW US ON INSTAGRAM AND TIKTOK, AND CHECK OUT OUR PODCAST FOR EXPERT ADVICE!


TIKTOK

PODCAST
