{"id":8140,"date":"2018-12-19T16:38:14","date_gmt":"2018-12-19T21:38:14","guid":{"rendered":"https:\/\/hitchedaway.com\/?p=8140"},"modified":"2024-02-13T20:47:15","modified_gmt":"2024-02-14T01:47:15","slug":"create-a-budget-for-your-destination-wedding","status":"publish","type":"post","link":"https:\/\/hitchedaway.com\/create-a-budget-for-your-destination-wedding\/","title":{"rendered":"How to Create a Budget for your Destination Wedding"},"content":{"rendered":"
Even if money is no object for your wedding, it is important to create a realistic spending plan – i.e., a budget – to guide you as you make your destination wedding decisions.<\/em><\/p>\n
First…<\/h2>\n
Sit down with your fiance and create a budget for your wedding, don’t cheat; stick to it.<\/p>\n
If you’re not prepared, the budget in any destination can exceed your expectations.<\/p>\n
Honestly answer the question: How much can you spend on your wedding without going into debt for years to come?<\/p>\n
Why is a Wedding Budget Necessary?<\/h2>\n
If you’re paying for your wedding, the expense will likely be your life’s third most costly investment! Topped only by raising children and buying a home…possibly a car.<\/p>\n
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.<\/p>\n
IMPORTANT! Have a serious discussion about your wedding budget so that you can deal with your wedding venue and vendors.<\/p>\n
You’ll have to get creative if you’re on a tight budget. But don’t let outside forces influence your decisions about what you can afford for your wedding.<\/p>\n
Remember, marriage is the important part that’s the real challenge, not all the hoopla of a wedding day or wedding weekend.<\/p>\n
If you cannot have an honest and open conversation about money with your partner now, perhaps marriage is a bit premature (just sayin’…)<\/p>\n
How Much Does a Destination Wedding Cost?<\/h2>\n
First, your destination wedding can be as grand or small as you want.<\/p>\n
When comparing a Caribbean destination wedding to a hometown wedding in the US, it\u2019s possible to pay 40% less for your island celebration.<\/p>\n
You could have a small destination wedding at all-inclusive resort in the Caribbean for 10 people for around $6,000.<\/del><\/p>\n
For a destination wedding in the Caribbean, you have two options:<\/p>\n
1) A wedding at an all-inclusive resort or hotel or<\/p>\n
2) a private wedding at an alternative location – a private villa or home, a banquet facility, or perhaps you choose to buy a property.<\/p>\n
The items that you’re (i.e., the couple hosting the wedding) financially responsible for include:<\/p>\n
\n
Your travel<\/li>\n
Your accommodation<\/li>\n
All wedding-related expenses: wedding reception menu, ceremony site fees, photography, cake, wedding wardrobe, marriage license fees, etc.<\/li>\n
Subsidized travel and accommodation – paying for gusts who must <\/em>be there<\/li>\n<\/ul>\n
Prioritize!<\/h2>\n
Determine your priorities. This advice goes for any couple planning a wedding \u2013 hometown or destination.<\/p>\n
What’s important? \u00a0Food, photos, guest experience\u2026? \u00a0Put the most money there!<\/p>\n
Cut corners everywhere else.<\/p>\n
Keep Track of the Wedding Budget<\/h2>\n
\n
Create a separate wedding account – savings, special credit card (great if you’re collecting points!)<\/li>\n
If you’re getting money from parents, stash it away in this account<\/li>\n
Funnel a percentage of every paycheck in to the account<\/li>\n<\/ul>\n
Money-Saving Tips for Your Destination Wedding<\/h2>\n
\n
Keep your guest list small – invite a small group of people<\/li>\n
Choose a destination that is not a favorite for wealthy tourists (e.g. St. Barts, Barbados)<\/li>\n
Go all-inclusive – you and guests pay a flat price for food, room, drinks and activities. Many resorts will cover the cost (or a substantial portion of the cost) of the wedding as long as your wedding group is at the resort or hotel for a guaranteed number of nights<\/li>\n<\/ul>\n
Keep in Mind…<\/h2>\n
A small budget doesn’t make your destination wedding any less special. When you know how much money you can spend and your priorities, you’re in a good place.<\/p>\n
Remember the answer to this question: How much can you spend on your wedding without putting yourself in debt for years to come?<\/p>\n
Don’t plan your destination (or hometown) wedding without creating a workable wedding budget. Here are some great tips to get you started.<\/p>\n","protected":false},"author":1,"featured_media":13950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[162],"tags":[157,145],"aioseo_notices":[],"cp_meta_data":{"_edit_lock":["1708037259:1"],"_edit_last":["1"],"slide_template":["default"],"_easy_image_gallery_link_images":["off"],"wpex_overlay_header_style":["white"],"wpex_overlay_header_dropdown_style":["black"],"_yoast_wpseo_content_score":["90"],"_yoast_wpseo_primary_category":["50"],"_yoast_wpseo_primary_post_series":["51"],"tcb2_ready":["1"],"tve_content_before_more":["
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<\/div>\n\t
\n
<\/div>\n
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.<\/em><\/p><\/div>
\n
<\/div>\n
Listen: Create a budget for your destination wedding<\/h3><\/div>
Sit down with your fiance and create a budget for your wedding, don't cheat; stick to it.<\/p>
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? <\/strong><\/p><\/div>
Why is a Wedding Budget Necessary?<\/h2><\/div>
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.<\/p>
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.<\/p>
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.<\/p>
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.<\/p><\/div>
How Much does a Destination Wedding Cost?<\/h2><\/div>
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\u2019s 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:<\/p><\/div>