Every year, there are more than 118,000 weddings in Australia. All couples want their wedding day to be perfect, so there are many different elements you need to pay attention to. The date, venue, and catering you select all need to be spectacular. But, you also have to make sure you can pay for all the expenses and stick to your budget.
Taking care of all wedding preparations is critical. There are many mistakes that may seem small, but can actually ruin your budget and increase your expenses out of nowhere.
To help you out, we’ll discuss 7 common wedding budget mistakes you should avoid at all cost.
The Importance of Setting a Wedding Budget
Unless you have an endless supply of money, you should always set a budget for your wedding. This will help you choose the date, venue, attire, and make other major decisions.
Even though your wedding is the most special day of your life, you should not put yourself in excessive debt either. Setting a budget will give you a realistic idea of the type of celebration you can have without getting into financial trouble.
If you have a specific vision for your wedding, but you don’t have the right budget, you can always find a high-interest rate savings account and set the date once you have the funds to organise your dream ceremony.
7 Mistakes Couples Makes That Can Ruin Their Wedding Budget
Taking the time to ensure everything is perfect can help minimise the chances of a costly mistake. Here are seven common blunders that can ruin your wedding budget.
Forgetting to Read the Small Print
Wedding venues, caterers, and rental providers all have contracts that help you ensure a great ceremony. But, you should read the fine print before signing the dotted line because these contracts also include surcharges for last-minute additions or other unscheduled changes.
Making Impulsive Decisions
Planning a wedding is extremely exciting, but letting your emotions make the decisions can be a big mistake. Instead of making impulsive choices you should shop around, compare prices, examine portfolios, and work with a professional planner that walks you through the whole process.
Not Tracking Expenses Properly
If you don’t track your expenses, there’s no real point in setting a budget. Make sure you can track down every penny and stay within your budget, even if you have to compromise on a few aspects.
Borrowing Too Much Money
It’s no secret that weddings are expensive. It’s normal to take out a small loan in order to help cover all of the expenses. But, if you borrow too much money, you’ll start off your marriage by putting a lot of financial stress on your relationship.
Inviting Too Many Guests
We don’t realise how many family members and friends we have until we start our wedding guest list. Instead of trying to please your guests, limit the number of people you invite in order to keep your expenses as low as possible. It may be harsh, but having a smaller guest list will allow you to invest more into your wedding and create a better atmosphere.
Spelling and Design Elements
Printing wedding invites can be expensive, especially if you have to reprint hundreds of invitations because of a spelling mistake. To avoid this additional expense, always double check all spelling elements before you send them to printing.
Not Including Unexpected Expenses in Your Budget
All weddings have unexpected expenses, no matter how well you plan them. Always leave a small portion of your budget for these unforeseen charges.
Find the Best Wedding Photography and Videography for Your Special Day
Setting a budget and sticking to it will help you enjoy your wedding without any additional stress. The tips above should help you avoid costly mistakes and allow you to organise the best possible wedding.
Alex Morrison has been an expert for over 10 years. In this time he has worked with a range of businesses giving him an in depth understanding of many different industries including home improvement, financial support and health care.