Okay, It’s time to talk money! (Gulp!) Quite often the most daunting question a newly engaged couple will ask themselves is, “how much will all of this cost?” My advice would be to remember that your wedding day is just one day of your life that you will love and cherish forever, you want to enjoy every second and get it just right, however from personal experience I know that the day also flies in!! You will wonder where the day has gone. I know it is easy to say but, don’t let money worries add to any stress leading up to your wedding day, therefore, you need to have clear priorities about where your money is going and what is important to you both.
First of all, you need to think of numbers in terms of your party size. This is obvious enough, but party size and budget go hand in hand and will ultimately affect your decisions on suitable venue as well. So, from the outset you need to have a chat with your partner if you can realistically afford the big shin dig with all the long lost family members, friends, work colleagues and so on, or would you perhaps prefer a smaller, more intimate wedding and then host a celebratory party at a later stage so everyone can congratulate you. These days, with the restrictions on size of gatherings due to Covid 19 this can be the most realistic option, if so, embrace it!
Once you’ve decided on your party size, you need to do some research on suitable venues. Its a good idea to have a contingency fund incorporated into your budget of approximately 5- 10 %. You’ll be surprised how those little extras can really add up. However, I would also say that it is important to remember that a contingency fund is there in an emergency, if you really need it! It doesn’t mean you can use it to blow the original budget on specific details!!
Quite often, if financial assistance is offered from family members this can come as welcome relief, however, don’t let this cloud your judgement on what kind of day YOU want. My advice would be to remember that it is YOUR day and therefore make sure that there is a mutual understanding from the get-go that it is your wedding day, regardless of where the money comes from. If you feel this might cause any issues with well meaning family members, then an option might be to draw up a plan to pay the money back over time or could you scale back your wedding so you can afford to pay for it yourselves? Or another option could involve saving up for longer by putting the wedding date a little further into the future? Again, decide what is most important to you and your partner!