Even if money is no object for your wedding, it's important to create a realistic spending plan - i.e. a budget - to use as a guide as you make your destination wedding decisions.
Sit down with your fiance and create a budget for your wedding, don't cheat; stick to it.
If you're not prepared, the budget in any destination can exceed your expectations.
Honestly answer the question: How much can you spend on your wedding without putting yourself in debt for years to come?
Why is a Wedding Budget Necessary?
If you're paying for your own wedding, the expense is likely to be the third most costly investment of your lives! Topped only by raising children and buying a home...possibly buying a car.
But, unlike buying a home or a car, you don't have to prove to a wedding venue or wedding vendors that you can afford the purchase. And this is where things can easily go sideways when planning a wedding.
IMPORTANT! Have a serious discussion about the budget for your wedding so that you're equipped to deal with your wedding venue and your wedding vendors. If you're on a tight budget, you'll have to get creative. But don't be swayed by outside forces when it comes to what you can afford for your wedding.
Remember, the marriage is the important part...in fact that's the real challenge; not all the hoopla of a wedding day or wedding weekend. If you're not able to have an honest and open conversation regarding money with your partner now, perhaps marriage may be a bit premature.
How Much does a Destination Wedding Cost?
First, your destination wedding can be as grand or as small as you want. When comparing a Caribbean destination wedding to a hometown wedding in the US, it’s possible to pay 40% less for your island celebration.
You could have a small destination wedding at all-inclusive resort in the Caribbean for 30 people for around $6,000; possibly less.
For a destination wedding in the Caribbean, you have two options: 1) A wedding at an all-inclusive resort or hotel or 2) a completely private wedding at an alternative location - a private villa or home; a banquet facility or perhaps you choose to buyout a property.
The items that you're financially responsible for include:
Determine your priorities. This advice goes for any couple planning a wedding – hometown or destination.
What's important? Food, photos, guest experience…? Put the most money there. Cut corners everywhere else.
Keep Track of Wedding Budget
Money-Saving Tips for your Destination Wedding
Keep in Mind...
A small budget doesn't make your destination wedding any less special.
When you know the amount of money you're able to spend and where your priorities lie, you're in a good place.
Remember the answer to this question: How much can you spend on your wedding without putting yourself in debt for years to come?