Publish Date - Wedding Budget | Wedding Venue
Budgeting For Your
Wedding Venue | PT. 1
Picking your wedding venue is the biggest decision you will make for your wedding and can make or break your wedding budget. At first glance, the wedding venues themselves make you want to sign the dotted line… they are gorgeous (most of the time).
But the price tag? Yeah… not so much.
I remember when I first began looking for my wedding venue using wedding directory sites like TheKnot.com and WeddingWire.com to find local recommended wedding vendors. We had a small budget and our hope was only to have an intimate and fun wedding that would leave a lifetime of memories. Unfortunately, paying 50% out for a wedding venue that was WAY to big for our preferences just because of their listing and awareness didn’t seem like the best possible option.
Today you will learn:
- How much to budget for your wedding venue
- What a wedding budget is
How Much To Budget For Your Venue
While spending 50% of our wedding budget on the venue was out of the question, it should be for most brides. Actually, the recommendation for your wedding venue budget should be somewhere between 10 – 15% of your total wedding budget.
Let’s back up for a moment here…
What's A Wedding Budget?
What am I talking about when I say wedding budget anyway. Wedding vendors all ask you on the phone about it and you never feel confident when you are answering them. Well, in the case of calling a potential vendor or venue for a price estimate, you are considering your wedding budget as a small percentage of the total amount you can afford for each of the line items from the list below.
– Beauty & Attire
– Food & Beverage
– Photography & Videography
– Gifts & Favors
– Wedding Night Hotel Stay
Let’s say you can spend a total of $40,000 on everything.
When you call a venue, and ask about pricing they ask “What type of budget are you working with” or something similar. Instead of answering them with “We’re trying to stay under $40,000, you would instead say “We have a budget of $5,000 for our venue space” and they will show you their options. This let’s the venue coordinator know that you have a reliable budget to pay with and booking with you won’t result in a cancellation later. The same concept applies for each of the wedding vendors that you will hire.
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