One of the many first tasks that is required with planning a wedding is preparing a budget. Included in creating the initial budget would be to establish what categories you want to observe. Then you need to figure out what amounts are realistic for any categories. But no matter the best way accurate your initial budget, it is not very useful if you do not monitor your actual expenses as you book venues and shop.
Make sure that however, you track your actual funds amounts, you have a way to enter in these planned payments. Putting in in planned payments can provide a way to keep track of what, once, and to who you need to pay in the future.
An example would be to go with a small photography package or a cheaper photographer. Your budget will indicate categories where will be under budget. Being under budget may mean that you’ll be able to splurge in another range or just save the money.
An additional benefit of putting in future payments is that this actual budget amount may well be more accurate earlier in the process instead of at later in the process as you actually pay the charge.
If you don’t want to use a spreadsheet, you could use an online check registry. Just make sure you get created unique categories for your wedding. One other option would be to look online for one of the many equipment that are tailored for wedding budgets.
There are many situations for wedding planning where you have to make a deposit for a venue or service and then make one more payment after the service is usually rendered. An example would be funds for the flowers. On the liner what you owe when you make the reservation, but you will not pay the full amount until closer to the wedding date.
If you created your budget in a spreadsheet, you may want to continue to observe your actual payments on the same place. You can add in amounts with an tied in category as you pay these. Set up a formula in the spreadsheet program to add ” up ” amounts in the same range.
Now that you can track your expenses, you will know if you need to change your budget. If you see that you are going to be over in one category, you can decide if you need to adjust another category. Another option would be to choose a lower end arrangement for one service instead of the higher end package.
One half the battle of lodging under budget is recognizing a problem early and mending it. Once it is all said and done, you will be more relaxed on your wedding day knowing that you planned a good wedding and came within budget.
Once you have set your budget traffic monitoring strategy up, make sure you stay with top of it and get into your payments in as you go. A busy schedule while planning a wedding makes it easy to make sure you forget about your budget for a few days. Make sure to review your budget on a regular basis so you can react to anything that isn’t really going as planned.