Make It But Don’t Break It Wedding Budget

WEDDINGBRAND MAKE IT BREAK IT BUT DON'T BUDGET SETTING A BUDGET IS ONE THING-STICKING TO IT IS ANOTHER. W'edding 411 ) Priorities WEDDING DATE In the United States in 2012, there were 2.6 MILLION weddings and the average cost was $26, 989.00. Determine and number your top three wedding priorities. Each couple is unique-one might put more money into the entertainment, another might want top shelf liquor and an open bar. Using the average budget to the left as a starting point, breakdown your budget based on your priorities. Assign a percentage to each category. Then caleulate the dollar amount allotted to each category. Don't be put off by the math, just use your caleulator and this simple formula: Multiply the percentage represented es a decimal, times the total budget amount. 1. 15% BECOMES 15 2. .15 x $26,989.00 = $4,048.35 GUEST COUNT TheKnot.com says 42% of brides overspent when it comes to the big day, and 16% didn't even have a budget. That is a lot of debtl This poster is designed to put you in the OTHER 50% who start their lives together wedding debt-fre. TOTAL BUDGET Here is how the AVERAGE WEDDING BUDGET breaks down: Or better yet, use htp:/lwww.percentagecaleulator.net/ PRIORITY NUMBER % OF BUDGET S ALLOTTED CATEGORY Venues 15% = $4,048.35 PRIORITY NUMBER S ALOTTED 50% Catering CATEGORY % OF BUDGET -35% = $9.446.15 3 Decor 10% - $2698.90 Venue % = S 3 Entertainment 10% = $2698.90 Catering % = $ Photography Fashion/Beauty 10% = $2698.90 Decor % - S 3 10% = $2698.90 Entertainment % - S Printed Matter 5% = $1349-45 Miscellaneous 5% = $1349-45 Photography 4 Fashion/Beauty % = $ TOTAL BUDGET 100% = $26,989.00 Printed Matter % - $ Miscellaneous % - $ How TO GET STARTED 1. Determine who is paying for what and what your badget total is. 2. Open a wedding savings account and set up a monthly auto deduct from your pay check. 3. Pay by cash or check. If you are disciplined enough to use a credit card, get one that gives you miles towards your honeymoon. 4. Choose a wedding date (time of year) and create a preliminary guest list. 5. Conduct Budget Recon. Collect estimates and make sure that the dollar amounts you budget are realistic. % - $. % = $ TOTAL BUDGET 100% - $ Visualize Your Budget - Using the budget % you determined for each category (above right), fil in this pie graph. It is divided into increments of 5%. You can use colored highlighters or you can collage. Write the category name on cach slice of the pie graph. Tracking 1 Tracking 2 o) - This is where you keep track of your expenses. Iv vou co OVER BUDGET in a category, you MUST IMMEDIATELY DEDUCT the overage amount from another category. If you end up UNDER BUDGET in a category, you can reward yourself by putting that amount towards your LuxuRY INCENTIVE ITEM. The items in black are fixed expensesthey are what they are. Those in gray are variable expensesthey are directly affected by guest count and/jor bridal party size. Venues Catering & Cake Printed Matter Budget Amount Budget Amount Budget Amount S. CEREMONY Food Sove the Dote Site Fer Luxury Incentive O Decor Miscellaneous Fashion & Beauty Offciant Fee Vendor Meals Programs Seating Carda/Chart Place Cards Budget Amount Budget Amount S. Budget Amount Church Dongtian Beveroge 24 FLOWERS Ceremeny Flowers Bride's Bouquet Bridesmeids' Bouquets Boutornieres Planner Gown RECEPTION Barlerders 24 Alterations Site Fer Rentals Table Numbers License/Permits Headaiece/Vel Atterdants Cost Check $ Ceke Thank You Notes Caligruply Postage Guest Book e Pen OTHER Travel Bride's Shoes Ceke Cuting Fer Ceke Krife TRANSPORTATION Accommodutions 24 Bride's Jewelry Bride's Lingerie 24 Limo or Car Rental Flower Girh Flowers Ring Bearer's Pillow Corsages/Nosegays Wedding Night Hotel Valet Parking Ceke Top Bride's Gorter Toesting Glasses Honeymeon Wedding Insurance Gratu ties Bachelor/Bachelorette Bridesmaids Luncheon Day After Brunch Rehearsal Dinner Doves/Birdseed Bogs Rainy Day Contingency Dry Cleaning/Storoge Guest Shutle Bride's Purse OTHER OTHER Cocktail Flowers Bride's Wrep Reception Flowers DÉCOR RENTALS Rings Groom's Tux/Suit TOTAL SPENTS. TOTAL SPENT $ TOTAL SPENTS Aisle Runner $. Groom's Shirt 24 Tent Groom's Shoes Entertainment O Bdget Amunt O Photography Budget Ameunt Destination Budget Amount Lighting $. Groem's Accessories Donce Floer Flower Girl Accessories Engogement Portrait Photography Additionel Prints e Albums $ Videography Additionel DVDS Tebles Chairs Ring Bearer Accessories Ceremony Musicians Scouting Trip China Pre Wedding Pampering Choir/Singers Travel Flower Preservation Glassware CUSHION Cocktail Musicians Accommodations Hair Shipping Supplies Reception Band or DJ Reception Entertainers After-Purty Musicians Sound System Flatware GIFTS Makeup Welcome Gifts COST S OTHER Linens OTHER Furniture/Props Wedding Party Gifis OTHER Portabie Toilets Favors Bathroom Baskets Parent's Gifts OTHER OTHER OTHER TOTAL SPENT TOTAL SPENT S TOTAL SPENTS TOTAL SPENTS TOTAL SPENTS. TOTAL SPENTS Cost CutterI Cost Cutter 2 ) WITH A WEDDING, TIMING Is EVERYTHING! The single, biggest way to cut your budget is to reduce your guest list. VENUE + MENU X GUEST COUNT = 50% OF BUDGET FALL/WINTER SUNDAY/WEEKDAY BRUNCHJLUNCHEON/HIGH TEA SPRING/SUMMER SATURDAY For example, say it costs Ș150 A HEAD X 200 GUESTS = $30,000 (and that is only about so% of expenses). EVENING SIT-DOWN DINNER WINTER HOLIDAYS (Places elready decerated) VALENTINES DAY (Flower prices go up) In the space above, place a photo of something special that you desire but is out of your reach (those gorgeous Louboutins, a honeymoon upgrade, etc.). The goal of this poster is to encourage you to come in UNDER BUDGET and reward yourself with this special item. As you save money, fill in this groph until you reach this fabulous goal. Just eliminating one table of ten is a savings of $1500. If you reduce your guest count, you can also reduce the cost of all of the variable items in gray on the Tracking lists above. LESS EXPENSIVE TOP DOLLAR © 2013 WeddingBrand, V1.o41613 www.weddingbrand.me WEDDINGBRAND MAKE IT BREAK IT BUT DON'T BUDGET SETTING A BUDGET IS ONE THING-STICKING TO IT IS ANOTHER. W'edding 411 ) Priorities WEDDING DATE In the United States in 2012, there were 2.6 MILLION weddings and the average cost was $26, 989.00. Determine and number your top three wedding priorities. Each couple is unique-one might put more money into the entertainment, another might want top shelf liquor and an open bar. Using the average budget to the left as a starting point, breakdown your budget based on your priorities. Assign a percentage to each category. Then caleulate the dollar amount allotted to each category. Don't be put off by the math, just use your caleulator and this simple formula: Multiply the percentage represented es a decimal, times the total budget amount. 1. 15% BECOMES 15 2. .15 x $26,989.00 = $4,048.35 GUEST COUNT TheKnot.com says 42% of brides overspent when it comes to the big day, and 16% didn't even have a budget. That is a lot of debtl This poster is designed to put you in the OTHER 50% who start their lives together wedding debt-fre. TOTAL BUDGET Here is how the AVERAGE WEDDING BUDGET breaks down: Or better yet, use htp:/lwww.percentagecaleulator.net/ PRIORITY NUMBER % OF BUDGET S ALLOTTED CATEGORY Venues 15% = $4,048.35 PRIORITY NUMBER S ALOTTED 50% Catering CATEGORY % OF BUDGET -35% = $9.446.15 3 Decor 10% - $2698.90 Venue % = S 3 Entertainment 10% = $2698.90 Catering % = $ Photography Fashion/Beauty 10% = $2698.90 Decor % - S 3 10% = $2698.90 Entertainment % - S Printed Matter 5% = $1349-45 Miscellaneous 5% = $1349-45 Photography 4 Fashion/Beauty % = $ TOTAL BUDGET 100% = $26,989.00 Printed Matter % - $ Miscellaneous % - $ How TO GET STARTED 1. Determine who is paying for what and what your badget total is. 2. Open a wedding savings account and set up a monthly auto deduct from your pay check. 3. Pay by cash or check. If you are disciplined enough to use a credit card, get one that gives you miles towards your honeymoon. 4. Choose a wedding date (time of year) and create a preliminary guest list. 5. Conduct Budget Recon. Collect estimates and make sure that the dollar amounts you budget are realistic. % - $. % = $ TOTAL BUDGET 100% - $ Visualize Your Budget - Using the budget % you determined for each category (above right), fil in this pie graph. It is divided into increments of 5%. You can use colored highlighters or you can collage. Write the category name on cach slice of the pie graph. Tracking 1 Tracking 2 o) - This is where you keep track of your expenses. Iv vou co OVER BUDGET in a category, you MUST IMMEDIATELY DEDUCT the overage amount from another category. If you end up UNDER BUDGET in a category, you can reward yourself by putting that amount towards your LuxuRY INCENTIVE ITEM. The items in black are fixed expensesthey are what they are. Those in gray are variable expensesthey are directly affected by guest count and/jor bridal party size. Venues Catering & Cake Printed Matter Budget Amount Budget Amount Budget Amount S. CEREMONY Food Sove the Dote Site Fer Luxury Incentive O Decor Miscellaneous Fashion & Beauty Offciant Fee Vendor Meals Programs Seating Carda/Chart Place Cards Budget Amount Budget Amount S. Budget Amount Church Dongtian Beveroge 24 FLOWERS Ceremeny Flowers Bride's Bouquet Bridesmeids' Bouquets Boutornieres Planner Gown RECEPTION Barlerders 24 Alterations Site Fer Rentals Table Numbers License/Permits Headaiece/Vel Atterdants Cost Check $ Ceke Thank You Notes Caligruply Postage Guest Book e Pen OTHER Travel Bride's Shoes Ceke Cuting Fer Ceke Krife TRANSPORTATION Accommodutions 24 Bride's Jewelry Bride's Lingerie 24 Limo or Car Rental Flower Girh Flowers Ring Bearer's Pillow Corsages/Nosegays Wedding Night Hotel Valet Parking Ceke Top Bride's Gorter Toesting Glasses Honeymeon Wedding Insurance Gratu ties Bachelor/Bachelorette Bridesmaids Luncheon Day After Brunch Rehearsal Dinner Doves/Birdseed Bogs Rainy Day Contingency Dry Cleaning/Storoge Guest Shutle Bride's Purse OTHER OTHER Cocktail Flowers Bride's Wrep Reception Flowers DÉCOR RENTALS Rings Groom's Tux/Suit TOTAL SPENTS. TOTAL SPENT $ TOTAL SPENTS Aisle Runner $. Groom's Shirt 24 Tent Groom's Shoes Entertainment O Bdget Amunt O Photography Budget Ameunt Destination Budget Amount Lighting $. Groem's Accessories Donce Floer Flower Girl Accessories Engogement Portrait Photography Additionel Prints e Albums $ Videography Additionel DVDS Tebles Chairs Ring Bearer Accessories Ceremony Musicians Scouting Trip China Pre Wedding Pampering Choir/Singers Travel Flower Preservation Glassware CUSHION Cocktail Musicians Accommodations Hair Shipping Supplies Reception Band or DJ Reception Entertainers After-Purty Musicians Sound System Flatware GIFTS Makeup Welcome Gifts COST S OTHER Linens OTHER Furniture/Props Wedding Party Gifis OTHER Portabie Toilets Favors Bathroom Baskets Parent's Gifts OTHER OTHER OTHER TOTAL SPENT TOTAL SPENT S TOTAL SPENTS TOTAL SPENTS TOTAL SPENTS. TOTAL SPENTS Cost CutterI Cost Cutter 2 ) WITH A WEDDING, TIMING Is EVERYTHING! The single, biggest way to cut your budget is to reduce your guest list. VENUE + MENU X GUEST COUNT = 50% OF BUDGET FALL/WINTER SUNDAY/WEEKDAY BRUNCHJLUNCHEON/HIGH TEA SPRING/SUMMER SATURDAY For example, say it costs Ș150 A HEAD X 200 GUESTS = $30,000 (and that is only about so% of expenses). EVENING SIT-DOWN DINNER WINTER HOLIDAYS (Places elready decerated) VALENTINES DAY (Flower prices go up) In the space above, place a photo of something special that you desire but is out of your reach (those gorgeous Louboutins, a honeymoon upgrade, etc.). The goal of this poster is to encourage you to come in UNDER BUDGET and reward yourself with this special item. As you save money, fill in this groph until you reach this fabulous goal. Just eliminating one table of ten is a savings of $1500. If you reduce your guest count, you can also reduce the cost of all of the variable items in gray on the Tracking lists above. LESS EXPENSIVE TOP DOLLAR © 2013 WeddingBrand, V1.o41613 www.weddingbrand.me