Wedding Budget Planning : the why and how of wedding money management
Although you may want the exact replica of one of the celebrity weddings you see on TV, your budget may not match theirs.
When you decide to get married, It is only the first step of a complicated process which will end with you becoming part of a new family, and embarking on a new adventure.
The first, and most important, part of this process is to decide on a realistic, and achievable, wedding budget that is as accurate as possible.
Although every Indian couple will have a different wedding budget, with emphases on different aspects of the wedding process, some basic ideas are be the same.
So, while planning your perfect Indian wedding, keep the rough costs in mind. Whether you have a celebrity style – practically limitless -- pocketbook, or wish to throw a fairly lavish affair at comparatively limited cost…
… the first step towards achieving that is to come to some conclusion about how much you want to spend overall.
Creating a budget is essential, not because you can’t afford more, but because you want to spend each penny efficiently and get the most bang for your buck! Figure out the Major Components of your basic Wedding Budget and decide how much you want to spend on each. Remember that the best way of doing things efficiently and of keeping the costs in some kind of rational control, is to have a well planned wedding budget. This will prevent unnecessary confusion, will control runoffs and bleeding cash, and will make it easier to delegate certain tasks to others.
Remember to budget for the biggest items that you will need to spend on. The big ticket items include the Wedding outfits, such as the sarees, lehengas, suits or sherwanis that the couple is going to wear on the days of the various lesser rituals as well as on the wedding day itself. The accessories – from belts and wallets to the mojris and the jewelry, are also a part of this segment. Decide what kind of money you wish to spend on these items, and for things like gifts for the in-laws, invitations, venues, food, and all the other important parts of your overall wedding budget.