The number one response that we hear from newly weds is that they went over budget on their wedding when in fact, they never had a realistic budget to begin with! Wedding expenses can easily spiral out of control and without a realistic budget in place and your wedding priorities determined you can easily fall into this over-spending category.
When determining your wedding budget you can plan to set aside 50% of your budget to go towards venue, food and beverage costs. You will find this equation helpful in setting your budget and determining if your venue of choice fits within it.
$30,000 overall budget / 50% = $15,000 for venue, food and beverage
$15,000 / 100 guests = $150 per person
**this number should include your taxes and gratuities
When allocating the remaining $15,000 it is important for you and your fiance to determine what elements of your wedding are most important to you. Write out a list of elements for your wedding (photography, entertainment, decor, transportation, invitations, etc.) and discuss which of these areas are of high importance and you are willing to spend more of your budget on verses the areas that you feel you could save your money.
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