Planning your wedding budget might feel like a significant task, but we’re here to simplify it for you without adding any stress. We’ve prepared a detailed chart with percentages, based on real couples like you, to make the process straightforward. Because we all know that understanding your budget is crucial for turning your dream day into reality. Speaking of dreams, take a peek at Amarra’s awesome wedding gown collections to make your big day even more stunning!

 

So, here’s the scoop: According to Amarra’s annual real weddings study, the average cost is around 30 grand for a wedding (not counting the bling on your finger). Our budget breakdown provides insights into how real #Amarracouples manage their finances, offering a practical guide. 

 

Since we’re here to make your wedding journey even smoother, we’re throwing in a suggestion: consider a wedding dress preservation service to keep that dream dress looking as flawless as ever. And for an extra dose of dress inspiration, check out Pretty Moment!

 

Now, take a look at a sample budget below, complete with percentages, to ensure you’re using your funds wisely! 

Itemized Breakdown of Your Wedding Budget

Simplify your wedding budget with our handy guide. We’ve outlined the main expenses and typical vendor costs based on national averages. Remember, these percentages are starting points—consider your funds, location, season, and priorities for your final budget. Utilize this breakdown as a useful initial guide for smartly distributing your funds.

 

1. Venue: 37%
2. Catering: 29%
3. Band: 13%
4. Wedding Rings: 9%
5. Photography: 9%
6. Alcohol/Liquor: 8%
7. Flowers: 8%
8. Videography: 7%
9. Couples Attire (Dress & Suit): 7%
10. Wedding Planner: 6%
11. Event Rentals: 6%
12. Lighting & Decor: 6%
13. DJ: 5%
14. Guest Entertainment: 4%
15. Transportation: 3%
16. Ceremony Musicians: 3%
17. Stationery: 2%
18. Cake/Desserts: 2%
19. Hair & Makeup: 1%
20. Wedding Favors & Gifts: 1%
21. Officiant: 1%

Distributing your wedding funds is crucial—here are five key considerations:

 

1. Money Matters: Align expectations, and collaborate with partners and supporters to set realistic spending limits. Be prepared to compromise in one area to indulge in another.

 

1. Guest List Capacity: Your guest count can do a little dance with your expenses. Keep it small to save on everything from food to decorations.         

 

1. The Setting: Picking your venue is like choosing the setting for a great story. Different places, different costs. Watch out for extra fees and consider the logistics, especially if your dream spot is a bit off the beaten path.

 

1. Date and Time:  Off-peak seasons and weekdays can be your budget’s best friend. Also, daytime events often come with a friendlier price tag.

 

1. Wedding Style: Higher formality equals higher costs for venue, food, and entertainment. Opting for a casual event with a DJ can be more budget-friendly than an elaborate six-course meal with a big band.

Here are common wedding budget mistakes to avoid:

 

1. Incorrect Fund Allocation: Figure out what you need and set realistic expectations. Use our budget breakdown as a guide. Don’t forget to budget for the honeymoon or set up a honeymoon fund on your registry.

 

1. Failure to Track Spending: Keep tabs on your spending with a budgeting system. Regular check-ins with your partner and financial contributors help stay on track.

 

1. Neglecting Hidden Costs: Clarify all expenses in advance, research potential hidden fees, and budget for overtime, service charges, “free” trials, additional decorations, and vendor tips. Prepare for unforeseen expenses.
2. No Room for Overspending: Plan for budget overages to avoid exceeding your limit. Allocate 5% for unforeseen costs in areas like flowers, weather-related expenses, and small accidents.

 

1. Ignoring Rewards Programs: Use a separate account for wedding funds, opt for credit cards with benefits, and utilize cash-back programs like Rakuten for maximum savings.

 

1. Lack of Priority Discussion: Be honest about priorities from the start. Pick your top three priorities and allocate extra funds for them. Avoid upgrading details that don’t align with your priorities.

 

1. Guest List Management: Reducing the guest list can significantly lower costs. Consider the size of your wedding party as well; smaller groups are more cost-effective.

 

1. No Investment in Insurance: Consider special event insurance instead of skipping it. It’s essential for weddings, especially if held at home or requested by vendors. The peace of mind it offers is invaluable.

 

1. Lack of Realism: Be realistic about costs for each wedding element. Understanding general costs helps allocate funds more effectively.

 

Remember, wedding budget planning can be manageable with these tips, so keep them in mind to stay within your means. Note that Amarra and its information do not constitute financial or tax advice, and you should consult with your financial advisors for specific circumstances. Happy planning!