Sunday, February 22, 2009

The B Word. And It Does Not Rhyme With Itch

Before we begin anything else, I think it is extremely important to touch upon this dreaded subject that begins with a “b”. Yes, the budget. I’m sure you were thinking of another word. But it is not a dreadful or painful thing to do. Unless either or both of you are super rich or come from a line of wealth, you will need to have a budget. There are numerous articles out there that tell you how to set one. I highly recommend that you read up on these articles.

Since everybody’s situation is different, from a simple guy’s perspective, ask yourself the following:
  • Who’s paying for the wedding?

  • Are either of your parents going to pitch in?

  • Where do you save, where do you splurge on vendors? For instance, (after discussion with each other) if photography and a creative photo album means more than capturing the event on video, then allocate more in the budget on the photographer.

  • What percentage of your income are you willing to put towards it?
There are many creative ways you can play with your budget. Whichever way you decide to spend your money, make sure to stay on budget, as there are many more important things that you will need to spend your money on in life. This is only one day.

Do:
  • Devise a spreadsheet or some kind of payment tracker that tracks all of your payments to your vendors and contains a calculation towards the budget you decide on.

  • Make sure to discuss it amongst yourselves if anything has a hefty price tag.
Fight the good fight or defer?

Definitely fight the good fight when necessary to stay within budget. Or get creative in making extra income in order to make your wedding happen the way you want it to. The last thing you want to do is not set a budget, spend wildly, and then realize when the bills come that you spent in way over your heads.

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