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Don't make the wrong compromises

Unless you’re a millionaire, sadly you will inevitably have to make some compromises when it comes to planning your Wedding budget.

It’s tempting when you set yourself a budget, to assign a maximum spend on each thing you want on the day. Say for example you might set a budget of £1000 for a Wedding Photographer. This can have serious disadvantages, as when you finally find the Photographer that’s right for you, they might be £2000, double your assigned budget! So you’ll have to make a compromise, spend less on something else to get the great photographer, or stick to the budget and get the other guy who wasn’t as good but was cheaper.

The key to avoiding this trap, is to do as much research as possible before you draw up your budget. Talk to people who provide the services you really want, to find out what they can do for you and for how much. Once you’ve established what’s most important to you and what that will actually cost, let that be your budget. It’s far easier to wait a little longer to save and have the perfect wedding, than it is to live with the regret of making a compromise you didn’t want to make.

Read my make the most of your money article for more budgeting tips and ideas.

By Ricardo Di Donato - January 2010

 

 
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