How to Plan a Wedding with Your Partner Without Going Broke

planning a weddingMany couples admit to arguing during their wedding planning, and for the most part, it’s due to money. Planning a wedding and honestly, married life in general undoubtedly has its expenses. It’s absolutely vital to be on the same financial page for your wedding day, and indeed your whole marriage. No matter your income, it’s necessary to have thorough discussions and make proper financial plans to ensure that you spend wisely while planning your wedding.

Set A Budget

Before you begin wedding planning, sit down with your partner to have an in-depth, honest chat about how much you can afford to spend on the wedding. Even if you both have very different initial ideas about how much your wedding is going to cost, this talk can help you to come to a consensus and start the planning process off right. Look at inspiration photos and walk yourself through your wedding day to understand your vision.

Then make a list of all the vendors you will need to hire to accomplish this. Get some online quotes, so you have a baseline idea of prices. I recommend making adjustments to your budget based on the quotes received. Add an additional “miscellaneous” line item with 10% of your total budget to your total. By doing this, you will be prepared for unexpected costs that WILL arise. A professional wedding planner can be a lifesaver when planning and could actually save you more than they charge.

Sticking to a Budget

Surprisingly, deciding on a budget is the easy part – sticking to it can be very difficult. Bigger centerpieces, upgraded food options, and fancy invitations may tempt you to throw your budget out the window. Remember, once you allocate an amount to a category – pretend there is no extra money available to be spent. Be strict with yourself and loop your future spouse into all purchases. The last thing that you want is a partner who’s blowing the budget while you’re trying to save as much as possible. 


Set Financial Priorities

Many engaged couples may already live together, and therefore have a good idea of each other’s financial priorities. Perhaps even you have set financial and saving goals together. It’s not uncommon for couples who are tying the knot also to be planning for other significant spends, like buying their first home together or paying off student loans. Discussing your finances and monetary plans for your wedding and beyond, before you start any planning is vital. You may decide that your wedding budget should be adjusted to allow for other financial commitments.

Communicate Better

Most would agree that discussing the financial aspects of planning a wedding is the last thing they want to do. Considering the amount of time, money and energy that goes into preparing this day, open conversations is absolutely essential to improve your communication and ensure that you’re beginning your marriage without financial disagreements. According to CNBC, finances are the leading cause of stress in a relationship. Don’t let money get in the way of the happiness between you and your partner. Having a level head when it comes to money talks will help foster positive communications habits for the future.

Planning a wedding

Money Saving Tips for the Big Day 

  • Find a space already set up for private parties or events. Starting with a blank canvas will cost you more with rentals, delivery and set up fees.
  • Venues that can accommodate your ceremony, as well as your reception, will save on transportation costs between two locations and is generally more accessible for guests.
Food & Beverage
  • Even though I am not a fan of buffets, I do like the idea of themed food stations, which is a creative money-saving option. This gives your guests more variety and the chance to eat more if they desire.
  • Please don’t ever have a cash bar!! If you’re trying to save money on alcohol, try offering a limited cocktail menu or ask the venue if you can supply the booze to save money.
  • If you don’t have the budget for fresh flower centerpieces, get creative with candles and other decorative accents, with so many DIY options, just let your imagination run wild.
  • Simple yet elegant is possible with a limited budget, mirrors and candles can be a stunning way to add a wow effect and remember the lighting adjustment can add the needed ambiance.

Need help discussing and managing your money as a couple, check out my posts below:

Managing Money as a couple Start the money talk with your partner


How to Plan a Wedding

Sherita Rankins
Sherita Rankins

Detroit born, NYC based Model, Actress & Host, is the Editor-in-Chief of Busy Wife Busy Life. This fashion expert and former finance professional loves to travel and is a total foodie. When she is not staying “busy” she loves to cook, play tennis and relax on the beach.

Find me on: Web | Twitter | Instagram | Facebook

Leave a Reply

Your email address will not be published. Required fields are marked *