Don’t Break the Bank While Planning Your Wedding (Blog)

Weddings can be very expensive and stressful to plan. I spoke with wedding planner Paulina Clute in Episode 007 of my podcast, and she shared some tips on how to budget for your wedding, and things you can do to ensure you get off on the right foot and not start your marriage in debt.

Start with the End in Mind

Remember that this is your special day, one that you’ll remember for the rest of your life. Do not feel pressure to spend a ton of money trying to impress some people that you’ll probably never see after your wedding day. Sit down with your significant other and talk about what your ultimate vision is; who do you want to be there, where would you like it to take place, etc.

Establish a Wedding Budget

Now that you have your vision, see if you can afford it. A wedding planner can help you determine if your vision is doable with your budget, and give you some tips on what you can cut back on if necessary, such as guest list, favors, etc. Paulina shared the following rough estimate of how the budget can be broken down:

50% Food and Venue

10% Wedding Planner

10-15% Photo/Video

10-15% Floral & Décor

5-7% Entertainment

The remainder can be spent on the officiant, wedding invitations, etc. If your budget does not fit your vision, you’re better off cutting back on things than going into debt. Some people expect to make a certain amount of money back on gifts, but you’d be better off using the gift money toward a down payment on a home for example, than to pay back for wedding expenses that you charged on a credit card.

Set a Timeline

In order to reduce stress, Paulina recommends a 10 to 14-month timeline. This gives you time to interview and lock in your vendors. Once you have your venue and vendors locked down, things will start to flow from there and you can be a little less stressed knowing that the major things have been taken care of.


You do not have to do it all yourself. Recruit some help from Groomsmen and Bridesmaids, parents, siblings, and other family members. You can ask for help for things such as stuffing envelopes and mailing out the invitations, making dinner reservations for the rehearsal dinner, etc. You want to make sure that you enjoy your day and have as little stress as possible, and your loved ones can help along the way.

Be sure to tune in to Episode 007 of my podcast to listen to Paulina and I discuss some tips on how to budget for your wedding, and things you can do to ensure you get off on the right foot and not start your marriage in debt.

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Investment Advisor Representative of Retirement Wealth Advisors Inc. (RWA), 89 Ionia NW, Suite 600, Grand Rapids, MI 49503 (800) 903-2562. Investment Advisory Services are offered through RWA. Build a Better Financial Future and RWA are not affiliated.

This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal, medical, or tax advice. You are encouraged to consult your tax advisor, doctor, or attorney.