Educational
Getting Married In 2025? Here’s Your Go-To Wedding Planning Budget Checklist
December 9, 2024
Are you and your partner planning to tie the knot in 2025? First off, congratulations! With the excitement of wedding planning comes the daunting task of creating a budget. So, let’s take a look at our comprehensive wedding planning budget checklist, highlighting what it is, how it differs from other budgeting, and some pros and cons to consider.
Why You Need a Wedding Planning Budget Checklist
Planning a wedding involves juggling numerous details and expenses. A wedding planning budget checklist is an essential tool to help you stay organized and on track. This checklist covers all aspects of your wedding, from the venue and catering to decorations and photography. By using a budget checklist, you can ensure that every detail is accounted for, helping you make informed decisions and avoid unexpected costs.
Wedding Planning Budget Checklist
1. Venue
- Ceremony venue rental
- Reception venue rental
- Venue insurance
- Security deposit
2. Catering
- Food and beverages
- Cake and desserts
- Catering staff and service fees
- Gratuities
3. Attire
- Wedding dress
- Groom’s attire
- Alterations
- Accessories (shoes, jewelry, veil, etc.)
- Hair and makeup
4. Photography/Videography
- Photographer fees
- Videographer fees
- Engagement photoshoot
- Photo albums and prints
- Video editing
5. Entertainment
- DJ or live band
- Ceremony musicians
- Sound equipment rental
- Lighting
6. Flowers and Decorations
- Bridal bouquet
- Bridesmaids’ bouquets
- Boutonnieres and corsages
- Ceremony decorations
- Reception centerpieces
- Additional floral arrangements
7. Invitations and Stationery
- Save-the-date cards
- Invitations
- RSVP cards
- Thank you cards
- Programs and menus
- Place cards and seating chart
8. Transportation
- Wedding party transportation
- Guest transportation
- Getaway car rental
9. Officiant
- Officiant fees
- Marriage license
10. Wedding Rings
- Engagement ring
- Wedding bands
- Ring engraving
11. Reception
- Table and chair rentals
- Linens and napkins
- Tableware (plates, glasses, cutlery)
- Dance floor rental
12. Favors and Gifts
- Wedding favors for guests
- Gifts for bridesmaids and groomsmen
- Gifts for parents
13. Miscellaneous
- Wedding planner or coordinator fees
- Rehearsal dinner
- Bridal shower and bachelor/bachelorette party expenses
- Honeymoon expenses
- Emergency fund for unexpected costs
Different Approaches to Wedding Budgeting
Traditional Budgeting
Pros:
- Detailed Planning: Allows for thorough planning and allocation of funds to specific categories.
- Control: Provides a clear overview of expenses, helping to avoid overspending.
Cons:
- Time-Consuming: Requires significant time and effort to track and manage each expense.
- Rigidity: May lack flexibility to accommodate last-minute changes or unexpected costs.
Percentage-Based Budgeting
Pros:
- Simplified Allocation: Distributes the budget based on percentages, making it easier to manage.
- Flexibility: Allows for adjustments based on priorities and preferences.
Cons:
- Less Precision: May not account for specific costs, leading to potential oversights.
- Generalization: Can be too broad, missing out on detailed planning.
Tips for Effective Wedding Budgeting
- Start Early: Begin planning your budget as soon as possible to give yourself ample time to save and adjust.
- Prioritize: Identify the most important aspects of your wedding and allocate funds accordingly.
- Track Expenses: Use budgeting tools or apps to keep track of your spending in real time.
- Be Realistic: Set a realistic budget based on your financial situation and stick to it.
- Seek Professional Advice: Consider consulting a financial advisor or wedding planner for expert guidance.
Helpful Apps
- WeddingWire: Offers a free budget planner tool that helps you track and adjust expenses. It also integrates with other planning tools like checklists and vendor management.
- LadyMarry: A free wedding planner app with monthly checklists, budget tracking, and vendor suggestions. Perfect for on-the-go DIY wedding planning.
- Joy: A free wedding planning app that includes budget tracking, guest list management, and a customizable wedding website. A great all-in-one tool for organizing your big day.
Partner with Peoples Savings Bank for Your Financial Needs
Planning your wedding should be a joyful experience, and managing your finances effectively can help ensure it stays that way. At Peoples Savings Bank, we’re committed to supporting you every step of the way. Whether you need assistance with budgeting, savings accounts, or loans, our team is here to help you achieve your financial goals.
Visit Peoples Savings Bank to learn more about our services and how we can assist you in making your wedding planning process smoother and more enjoyable. Congratulations on your upcoming wedding, and happy planning!