Wednesday, October 6, 2010

Deciding What to Spend Your Budget ON...

Happy Wednesday Budget Brides!!!

And Happy 2nd Anniversary to us!!! I have been writing this blog for the past two years and I still love it. My hope for the next year is to attract more readers, attract more Budget Bride stories, write with more consistency and create an online weekly for all of you. Thank you for being loyal readers and cheers to many more years.

Now back to our regularly scheduled programming.

Having a plan when it comes to planning your wedding is essential to staying within your budget. However, mapping that plan out allows for you, your finace and anyone else paying for the wedding to understand your expectations. When planning for your special day you must take sometime to determine what is really important to you. Is it food, flowers, decor, pictures? It will definitely be different for everyone but understanding where you want your money to go is essential to have a budget savvy wedding day.

Here are some instructions on how to set-up your budget allocation chart.

In an excel file, create 3 separate columns with the following names EXPENDITURES, PERCENTAGES and DOLLAR AMOUNT.

Under the EXPENDITURES column list all of the categories that you have included in your wedding. ie. Wedding Attire, Photography/Videography, etc.

Under the PERCENTAGES column, begin to assign the percentage of your budget that you envision spending on that particular category.

Under the DOLLAR AMOUNT column begin to input the dollar amount of that percentage for your overall budget.

    So Budget Brides, How did you decide what was important to you? How did you budget breakdown look?


    1 comment:

    Bicoastal Bride said...

    Great advice, as always. We definitely prioritized categories, spending more in the areas that meant the most to us and cutting back in others.

    P.S. Did you receive my email with the feature materials? I had some issues getting the files to go through. Just let me know if I need to try resending. Have a great day! :)

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