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How Much Wedding Can I Afford?

Did you know that a wedding costs, on average, $28,000? It seems like a lot of money, but it requires a budget. When it comes to planning your wedding, your budget is one of the most important factors. Wedding planning should begin with setting your budget. It is a process that is necessary, but it may not always be fun. It is common that parents don’t pay for your wedding. Nowadays, it is much more likely that you will pay the majority of the costs of your wedding. Lucky couples have their parents foot, at least, some of the expenses, but mature couples should not build on it.

Prior to doing anything else, you should set your wedding budget. It is key to have an understanding how much you can afford. It’s better to make some tough decisions in the beginning of your planning process that to run out of money months before your wedding day. Make sure you have a budget before you begin spending. It is too risky to buy or reserve anything before you have set your budget. Your budget should be based on careful calculations and real numbers not wishes, hopes, and desires. If you estimate, it is likely that you will underestimate.

Be fair in your evaluation. If you are independently wealthy, forget about a budget. You have nothing to worry about, spend as much as you want. If money is tight, just be creative. Having less money is not automatically a negative. As you folks to see if, they can help with some of the bills. Be nice and don’t expect mom or dad to take on a second mortgage to pay for your special day. It’s not worth bankrupting your parents, for a party. If your parents can’t afford to help you, you might need to postpone the wedding or lowering your budget. You can make your own wedding favors to save.

If you are the independent type, it’s best not to ask your parents for financial help. Take an honest assessment of the situation, and set your budget accordingly. Prioritize, if you have to work with a smaller budget. Decide what is most important to you and place them to the top of your list. List the most essential items and scratch the rest. Reduce the number of invitees, reduce the cost of the food, buy a less expensive gown, etc. You have many opportunities to save. Marriage is all about compromises, planning your wedding on a budget should be a good exercise for you and your honey. The most important thing is to have fun. A worksheet should help you in making your final decision about what to include or exclude from your wedding day. Wedding budgets are very important because they enable you to make a decision on the total dollar amount you can afford to spend on your wedding day.

Have you ever wondered how is it possible to have the wedding of your dreams, while staying within your budget? Learn to cut wedding costs.

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Listed: May 7, 2008 8:54 am