Creating a Realistic Wedding Budget

Unless money is no object, every couple should have a budget for their wedding and stick to it. It is very easy to get caught up in the planning and find that you have exceeded your limit, with many items still to go. According to the experts, here is a basic breakdown of what you can expect to pay for each component:

  • 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%
  • Just in case (to relieve the stress of the unexpected): 5%

*If you are responsible for the honeymoon, your budget will need to be adjusted to include this expense.

Of course, these are just averages. Adjustments will need to be made if your actual costs in any category exceed the percentages. In other words, if your overall budget is $20,000 and the reception costs are $12,000, you will need to reduce your spending on something else. It is important to keep an accurate cost sheet of each expenditure so you can make sure the only things you stress about on your big day are the small things.