Here’s a basic outline for a wedding budget planner.
Of course you will want to customise the planner according to your specific needs and budget preferences for example where you may have a small budget but want to get the best value and band for your buck.
- Budget Overview:
- Create a table or spreadsheet to track the overall wedding budget.
- Include columns for estimated costs, actual costs, and the difference.
- List the major expense categories that are associated with weddings.
- Expense Categories:
- Break down the wedding expenses into different categories.
- Common categories may include venue, catering, attire, decorations, invitations, photography, entertainment, transportation, etc.
- Allocate a specific budget for each category.
- Vendor Research and Selection:
- Create a section to research and select vendors for each category. These will typically include caterers, florists and perhaps live music and entertainment. We previously featured some tips from a budget savvy bride about how to save when hiring entertainment
- Include space to record vendor contact information, quotes, and notes.
- Keep track of deposits paid, payment due dates, and outstanding balances.
- Payment Schedule:
- Develop a payment schedule to track when payments are due to each vendor.
- Include columns for vendor names, payment due dates, and amounts.
- Update the payment status once payments are made.
- Guest List and RSVPs:
- Include a section to manage your guest list.
- Track the number of guests invited, RSVP status, and meal preferences.
- Calculate the estimated cost per guest based on the catering budget.
- Miscellaneous Expenses:
- Account for any additional expenses not covered in the other categories.
- This may include wedding favors, marriage license fees, gift registry, etc.
- Contingency Fund:
- Set aside a portion of the budget as a contingency fund for unexpected expenses.
- It’s recommended to allocate around 10-15% of the total budget for this purpose.
- Progress Tracker:
- Create a visual representation, such as a graph or chart, to track your spending progress.
- Compare the estimated budget with the actual expenses to identify any deviations.
- Tips and Reminders:
- Provide helpful tips and reminders throughout the planner.
- Include advice on cost-saving measures, negotiating with vendors, and sticking to your budget.
- Additional Notes and Resources:
- Include space for additional notes or special considerations.
- Provide a list of additional resources such as wedding websites, budgeting apps, and recommended vendors.
Remember, this is just a general framework, and you can customize the planner according to your specific needs and preferences.