Budget is one of those tough things that's difficult to figure out and needs to be planned out early on. This is one of my favorite break downs as far as percents of budget going where. However a few of the basics:
1) Speak separately with your families about contributing. Say if I were there when my fiance spoke to his family about contributing, they might feel pressure and get into something they can't afford. It's important to know early on though soon after the engagement who can contribute what and if they want to.
2) Save save save. The longer the engagement, the more time to save.
3) Prioritize. Do you want the dream venue or the designer dress? Pick and choose what's most important for the party, the flowers or the drinks? Save your budget and get cheaper options on the things you don't as much care about.
4) Know how much you can spend per person BEFORE looking at venues. Price out the venue before visiting. The worst thing is going to a venue, falling in love and finding out you can't afford it.
5) Make sure when you sign contracts, you know exactly what's in them especially concerning tip. Some places or vendors will include it automatically, some will not.
6) When you set your dress budget, make sure to budget for alterations. Not many girls can just fit into the sample size perfectly and even though it may not be overly expensive, you should watch out for it.
7) Consider hotel room prices especially if you are getting a room for your officiant, vendor, etc.
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