Ribbon Box Events Blog

June 6, 2011

Word of the Week: Budget

Filed under: Word of the Week — by Ribbon Box Events, LLC @ 10:01 am
Tags: , ,

Budget

noun

1.an estimate, often itemized, of expected income and expensefor a given period in the future.
2.a plan of operations based on such an estimate.
3.an itemized allotment of funds, time, etc., for a given period.
4. the total sum of money set aside or needed for a purpose.
5.a limited stock or supply of something.
–adjective

1.reasonably or cheaply priced: budget dresses.
–verb
1. to plan allotment of (funds, time, etc.).

Wedding Wise:

Perhaps with the exception of the Royal wedding, every couple getting married has a budget. Whether that budget is modest or limitless, for the most part everyone has an approximate amount of money (or a maximum) they would like to spend on their wedding.

A quick Google search on wedding budget yields hundreds of budget worksheets, calculators, and planning tools. When  you are newly engaged and starting out, it can be completely overwhelming. Before a date is set, before you’ve asked those important people to stand up with you as bridesmaids and groomsmen, before you hit the bridal boutique, one thing must happen. A conversation about money. Will you and your fiancée be paying for the event yourselves? How much money do you have to spend? Do you need to plan to set aside some additional money in the coming months to avoid debt and tapping into any savings to pay? Have either set of parents offered to contribute or host? If so, it may seem uncomfortable, but you need to sit down and figure out what you’re working with, and then go from there. It’s common knowledge weddings can be expensive- and you certainly should not be starting off your marriage in debt. It’s much easier to plan a small, intimate wedding with close family and friends when you have not discussed your wedding with everyone under the sun, and told them they are invited!

My two cents: Don’t buy crap. Yes, crap. It’s so enticing when you see things around you in a new light- you are engaged and getting married! However.. without a plan and careful attention to finances, you not only completely blow your budget, but also have so many random things that you thought would go well, but your “vision” , “theme” or ideas for your wedding have changed, that they no longer go. With the guidance of a wedding planner or consultant, you can stick within your budget, make smart decisions on how and where to spend your money,and create a beautiful, memorable event personalized with great meaning to you and your future spouse.

No matter the amount in your budget, you can have a beautiful wedding. As Digital Crinoline mentioned in a previous post, ” marriage is certainly a marathon, and your wedding is only the starting line.” Don’t cross the line in debt! Cherish the memories you will always have, not the credit card debt!

Tiffany

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