Creating a Wedding Budget is one of the important tasks. Making this budget includes all of the other decisions such as venues, guest lists, meal options, and spring for the pricey. A wedding budget starts with the guest list that tells the most of the cost you’re going to plan. You must spend most of the money on taking care of your guests and their food, venue, and beverage. Another amount of your budget includes a specific amount for photographers, videographers, and also for entertainment. Also, logistical and casual items such as lighting, stationery, and transportation must be included in your budget.
For new couples, planning a wedding budget must be their very first experience of making complex financial decisions. They are usually doing the heavy lifting when it comes to paying for weddings and for the events around them.
Having a good budget plan can keep you away from wasting your money unnecessarily or racking up uncontrolled debt to get married. You should know what to include in your wedding budget and how to save money from unwanted expenses will help you to start a new life on the right financial footing.
Features of Wedding Budget
- Planning a good wedding budget will help to avoid wasting money and starting a new life in debt.
- It will show the size of the wedding ceremony and reception. However, your personal wishes will affect the total expense of your wedding.
- When you start to plan your wedding budget, you should consider which expenses need to include you can afford to spend.
- It is also an important task to discuss who pays for what with your future wife when working on the wedding budget.
Without any budget plan, you can face a great risk of overspending and creating debt to pay in the future. Fix an average cost for your wedding programs. Before planning a budget, you should know where you live, choose a local wedding or destination, how many guests you invite, and choose affordable traditions to uphold.
Free Wedding Budget Templates
Creating a wedding budget is not an easy task along with all responsibilities. Here are some free exclusive wedding budget templates available on our website. You can use them to create your own wedding budget.
Template No. 01 for Wedding Budget
This great wedding budget template in MS Excel format is available for free. The template comes in beautiful colors and has features to calculate the expected budget and actual expense for each category. Furthermore, you can track the expense overview in the chart given at the top. Download it in a zipped file and plan your wedding budget.
Template No. 02 for Wedding Budget
This version of the Wedding Budget Template comes along with three separate sections in a single worksheet. Using it, you can easily manage your wedding budget for each expense category including the actual amount and percentage of each. However, a chart provides an overview of your estimated and actual expenses as well. Download it also in MS Excel free of cost.
Template No. 03 for Wedding Budget
Here is another beautiful format of the wedding budget template that comes along with a different structure and layout. It allows you to enter your projected and actual expense values for apparel, decor, and gifts categories. However, it will automatically calculate the summary section at the top as well as the chart overview given at the end. Click on the download button to get it for free in Microsoft Excel Worksheet.
Template No. 04 for Wedding Budget
This Wedding Budget Worksheet in MS Excel will be a good option for you and your future spouse to plan a budget for your wedding. It is available on this site for free with great features and style. The template also has a feature to automatically calculate your percentage of each actual spend and their total value as well. However, get it now for free and start to plan your wedding budget.
Template No. 05 for Wedding Budget
In this template, you will easily manage your wedding budget as estimated and the actual cost of apparel, flowers, ceremony, and other expense categories. It is also available in MS Excel for free with a landscape version. Moreover, the summary at the top will update the overall values automatically. You can easily get this one by clicking on the download button given below this sample image.
Template No. 06 for Wedding Budget
Start your wedding budget plan with the help of this free version of the wedding budget planner. You just need to insert your expense details and their values in place, then the template will calculate the total projected and actual cost for each category. However, feel free and click on the download button to get it for free.
How to Plan a Perfect Wedding Budget?
Here are a few tips or steps that you need to follow to create a good wedding budget plan.
1. Include Important Things
You should include the actual expenses in your budget that will be based on the ceremony you choose. These items should be a venue, rental fees, marriage license, favors for guests, gifts for couples, decoration, photography, makeup, a meal option, etc.
2. Limit Your Spending
When planning a wedding budget, you should consider the total amount that you want to spend or you can afford. For example, how much you have money in savings, how much you can afford, and how long you prepare for until the day of the wedding.
3. Break Down Your Budget into Fixed Percentages
In this step, you should break down your actual budget cost into percentages for each spending category. It will help to manage your budget carefully. For example, if your budget is $20,000, for Venues as considered 35%, multiply your budget by 35 and then divide it by 100. You will get the amount for the venue category.
4. Decide Who Will Pay for What
When putting together a wedding budget, it’s critical to discuss who will pay for what with your future wife and their families. Consider what both families can afford to pay and also what you and your future wife can afford to pay alone when determining who pays for what.
5. Choose a Template
Projecting your wedding expenses using a wedding budget template is a good option to start. Using a good template, you can work to plan a wedding budget with your future wife and decide how can you save money for your wedding and who should pay for what. Our free template in this article allows you to enter married life with as few money headaches as possible.