If you’re engaged and planning a wedding, you probably already know that it can be downright stressful. Of course, you are excited about your upcoming nuptials and anticipating your special day.
One way to make things a bit less stressful for your wedding is to plan ahead and create a budget. We touched upon the importance of setting a budget for events in one of our earlier posts. Click here to read more.
Creating a wedding budget will help you keep track of your expenses and spending so you have one less thing to worry about. However, there are certain budgeting pitfalls you’ll want to know about so you can avoid them.
Here are 8 mistakes to avoid making as you create your wedding budget
1) Not creating a wedding budget at all
This is, without a doubt, one of the best ways to overspend for your wedding. Who wants to spend their honeymoon and first weeks of marriage struggling to pay off all the bills. Create a wedding budget so you know how much money you have to spend before and after the wedding.
2) Failing to prioritize what you need for your wedding
Think of the things you need to spend money on (i.e., venue and catering) and set the money aside for those things, versus some of the extras you may really want – but can probably do without.
3) Being completely inflexible with your wedding plans
Sometimes, it pays off (literally) to hold your wedding on a different date or at a different venue. It is also a good idea to take some time and shop around for catering, florists, and so on.
4) Hiring “cheap” wedding professionals
Of course you may think you are saving money when you choose a budget wedding planner…but be wary because you may end up getting less in the areas of your wedding where you need them most. Make room in your wedding budget for professionals who will make your special day memorable and enjoyable.
5) Being disorganized
Keep track of all your receipts and payments. If a vendor comes back and insists you have not paid, you will have to pay again unless you have proof of your original payment.
6) Not reading your contracts thoroughly
Once you sign paperwork, it becomes a legally binding document. As the author of “Wedding Budget Mistakes to Avoid” on the Highlawn Pavilion blog states:
It’s important to know when deposits and balances are due, which extra fees apply, if gratuities are included and more details in your contract. Always read a contract well before you sign, and don’t be afraid to ask your wedding venue or vendors to explain anything you don’t understand. True professionals don’t mind answering questions and helping you understand the contract.
7) Paying cash
When you pay for wedding services with cash, you have no guarantees. The vendor may go out of business before your wedding day, leaving you stuck with no money and no service. It’s better to use a credit card so you have protection, as well as records of your purchases.
8) Trying to over-impress or out-do your friends’/family members’ weddings
Do your best not to compare your wedding to others you have attended. Each wedding is just as unique as you are. Instead, when you create a wedding budget that matches your financial situation, you can still have the wedding day of your dreams without any of the additional stress.
Are you planning a wedding or other special occasion in the Portland-Metro area? Please give us a call at (503) 222-4553 or contact us online any time and let us know how we can help you with your catering needs.
Highlawn Pavilion Wedding Budget Mistakes to Avoid