Weddings come with a hefty price tag. From the banquet hall to the return gifts, there are several factors where you can overspend easily. So, if you are planning for your big day and are worried sick about sticking to your wedding budget, these 7 tips can prove useful.
Chalk Out the Budget in Detail
You need to chalk out the budget for your wedding in detail to ensure that your hard-earned money is used optimally and not frivolously. Break down the entire budget. First of all allocate the desired amounts to the major aspects such as the venue, caterer, photographer, décor, etc. This will give you a clear picture of where and how your money will be utilized so that you can reallocate it as you desire. Associating every major factor with a certain amount will also help you restrict yourself from overspending.
Be Rational with the Guest List
Guest list is always a challenge. You would want to invite just about everyone for your big day. But it is important to be rational. Think about it. It makes more sense to invite 100 people who are close to you than invite 500 or 1000 people among whom many might only be your acquaintances.
Choose the Venue Smartly
The wedding venue is a big chunk of your budget. Hence, choose wisely and choose well in advance. A banquet hall closer to your home is a good choice as it means you don’t have to burn a hole in your pocket for transportation. Also, booking the wedding hall several months before the big day can sometimes get you a good deal in terms of choice and price.
Shop during Off-Season
Do all the shopping during the off-season. Buying an item when it is in high demand may require you to shelve out extra money. This can eventually lead to spending more than your budget on wedding dress, return gifts, etc. usually come with a fat price tag. Shopping during the off-season can also get you a good discount. There’s a good chance that you can get your hands on that designer wedding dress which you had been eyeing without breaking the bank.
Everything about weddings has got a makeover and so have the invites. Traditional invitation cards are increasingly being replaced by e-invites. You get to be creative with digital invites and they are almost free. You can mail them or post them on your social media platforms. This saves a lot of time, money and efforts.
Track All Related Expenses
If you track all your wedding expenses, you are more likely to stick to your budget. Simple tricks can help you track every penny you spend. For instance, you can put the entire amount in a separate account to track withdrawals easily. Use credit card wherever possible so that you can later enjoy the advantage of flight miles, cashback or rewards. If anyone else is making purchases on your behalf, ensure that they use the same credit card so that you get maximum benefits and can track the expenses easily.
Define everything clearly, prioritize and be flexible. With these simple steps, you have a good chance of celebrating your big day wholeheartedly without worrying about spending more than you can afford.
| Rishi Kamra works with Grand Mercure Vadodara Surya Palace. He has over a decade of experience in the hospitality and event management industry which allows him to create value-driven content for his readers. Travelling and photography are his two passions and in his free time, he enjoys working with the youth of his city by volunteering his time and mentoring young adults.