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One of the first steps to take in preparing for the "big day" is your wedding budget . A budget is most simply defined as a guide to planning income expenses, which means it shows how much money you have coming in, plus how much money you have going out.
Sit down with your partner to create your wedding budget. You need to figure your income for the next 12 months) or how long you have before the "big day" (remember the longer the engagement the longer you have to save). You'll also want to figure up your regular expenses: rent, utilities, gas etc. Finally, decide how much of the money you have left can be put aside each week to cover your Wedding expenses. While you could choose to set money as a monthly basis, it's not usually as effective.
Once you have an idea of how the two of you can spend on the wedding it's time to call together the parents of the bride and groom. Discussing the financial aspect of your wedding budget may not be the best way to celebrate your engagement, but it's better to be upfront about these issues to prevent problems and added stress later on.
At this meeting, you want to find out a few important things:
1. What is everyone willing and able to contribute?
2. What things are absolutely necessary and what can be given up easily?
3. Who is going to pay for what?
Finally by the end of the discussion, you should have a list of everything that will be needed, plus you'll know specifically who will be paying for which expenses.
Now that you know how much you can spend, your next Wedding Budget related task is to spend as little as possible without sacrificing the quality of your Wedding.
Homework: If you were going to buy a car, would you go to the showroom with no idea of the automobile you want, what features you're looking for, or even how much you would pay? Of Course, you would not otherwise want you to get ripped off. So why would not you take the same precautions when planning and budgeting your Wedding?
Research: When purchasing your Wedding products shop around, look on the net and get the best value possible.
Ask Questions: Vendors know that most brides to be excited and emotional and a sign that you know what you are talking about is to ask questions.
Get Quotes: I always recommend at least 3 quotes, you will be amazed at the price gap.
Many brides-to-be are tempted to take out a loan to pay for their Weddings. You will start your married life in debt. In the end, making a wedding budget and shopping around is your best bet for creating the Wedding you want without bogging yourself down in extra long term expenses.
Remember, to achieve your "Fairytale Wedding", all that is needed is commitment and your wedding budget .
Good Luck and best wishes on your wedding day and for all the days thereafter.
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Source by Melinda Barton