Many couples say that creating a budget and sticking with it can be a top contributor to wedding-related stress. Balancing your dream wedding with financial realities can be tricky, but careful and early planning can help you get around roadblocks.
First, determine who will pay for the wedding. If family members have offered to pay, ask them to commit to a specific amount so you know what you’re working with. If you will be paying for your own wedding – or if you’d like to supplement what your family has offered to cover – decide how much you and your partner can contribute between now and the wedding date.
Once you have a set budget, pull out that priority list and allocate your funds accordingly, spending more on things that are important to you and compromising on items lower on the list. Rather than expanding your budget, find ways to adjust your costs.
Become a AIA Vitality member and see how our rewards partners can help with your budget. Perhaps our PAL partnership can get you to a destination venue for less, or our discount with Marriott hotels can lower costs on accommodations.
Throughout the planning process, keep in mind that the wedding is only the beginning of your life together and not the end goal. Going deep into debt or depleting long-term savings are some mistakes that couples make to fund their wedding. To stay within budget, constantly ask yourself if you would rather be happy for one day or have a financially healthy start to a lifelong marriage.