How to Manage a Wedding Budget

WeddingBudgetPutting together a wedding can be a stressful time for everyone involved. Not only do you have to worry about pulling together guests and vendors from all over the country to create the perfect day, but you also have to manage a budget that you have set for yourself. Everyone would like a million dollar wedding, but sometimes that just isn’t in the cards. However, by keeping a few key things in mind to help manage your wedding budget, you don’t necessarily need a staggering amount of money to pull together the perfect day that you so richly deserve.

The best place to start is by breaking down your budget into the different wedding cost categories. According to, you can expect to pay the following:

Reception: 48%-50%
Ceremony: 2%-3%
Attire: 8%-10%
Flowers: 8%-10%
Entertainment/Music: 8%-10%
Photography/Videography: 10%-12%
Stationery: 2%-3%
Wedding Rings: 2%-3%
Parking/Transportation: 2%-3%
Gifts: 2%-3%
Miscellaneous: 8%

You may prioritize one category over another and choose to spend more. However, to spend more in one category means another category has to give.

One of the best ways to manage your wedding budget is to look for ways to cut down on the wedding event itself and not on your guest list. When working within a strict budget, you will eventually have to make a decision: do you want that fancy water fountain for the wedding reception or do you want to cut five guests from the invitation list, which would cost roughly the same amount? Instead of leaving out friends and loved ones who would be a big part of your special day, look for ways to trim back on the event itself.

Another great way to manage your wedding budget is to watch out for any hidden costs and other fees that you may not initially have accounted for. As a general rule of thumb, take whatever amount of money you’re planning on spending on your wedding and make sure that you’re prepared to spend roughly 5-10% more. Many different hidden fees will be tacked onto these types of events, like a charge that you might receive from the venue if the guest list falls below a certain threshold. Do everything that you can to avoid these types of fees for the best possible results and the most affordable event possible.

Another great way to manage a wedding budget is to forego tradition and strike out on your own when it comes to wedding planning and design. There are certain aspects of a wedding that many people assume are necessary just because they are so firmly ingrained in American wedding culture. Determine which wedding elements mean the most to you and focus on those. Not only will you save yourself a great deal of money in the process and help stay within your own wedding budget, but you’ll be creating a wholly unique event that will be unlike anything your guests have ever attended in the process. That feeling of satisfaction alone will be worth the cuts you will make.

This blog post is the opinion of Belmont Savings Bank and is not to be taken as financial or investment advice. For personal financial advice, please consult a financial advisor.