![]() “Foul weather affects labor costs,” Gosselin says. “You’ll want to have that padding for overages.”Įven something as simple as a change in the weather can upend a wedding budget. “Expect to spend 10% to 15% more than your budget,” Lafferty says. ![]() For this reason, it’s a wise idea to establish a slush fund for the extras that could arise. Still, the most precisely developed budget can be busted with surprise costs, says Lisa Lafferty, owner of the Beverly Hills, California-based event planning company. ![]() “If they’re within that estimate, they’re good and can plan for everything else.” “I always tell my brides to allocate 48% to 54% of their entire budget for venue, food and beverage,” Percora says. You can start with a relatively easy calculation breakdown, says Karen Nudy Pecora, a wedding and event manager and CEO of Karen Pecora Events in Berwyn, Pennsylvania. Restrooms, extra catering fees and transportation are just a few of the expenses that are typically included in a hotel or club.īecause overspending is so easy, carefully crafting a comprehensive wedding budget will be important. “Building it out will be more expensive than a venue that is all set up.” “People typically underestimate the cost of a tented wedding,” Gosselin says. For example, an outdoor wedding may seem like it will cost less than one held in a hotel reception room but that’s often not the case. Some expenses will cost more than you think, too. You likely get different pricing and they will streamline the process, saving you time.” “Bringing in a wedding planner will be recouped somewhere. “They will coordinate all the details and maximize value,” Gosselin says. A well-connected professional will know where to get the best-priced cakes and catering, and can negotiate the venue fees. If the price of a wedding planner seems excessive and you’re tempted to do it all on your own, you can, but keep in mind that their job is to find the best deals for everything involved in your big day. According to The Knot, the 10 biggest spending categories are: ![]() Of course, every couple’s event will be different, but there are some general spending categories that most wedding in the U.S. The most expensive places to live will be the most expensive for hosting.” “There is a direct correlation with real estate values, the cost of living and the wedding. “The final cost is based on the market and destination,” says Kristen Gosselin, founder of KG Events & Design, located in Martha’s Vineyard, Massachusetts. Business & Finance Click to expand menu.Īlthough the amount you spend on your wedding will depend on what you want and what your finances allow, it’s a good idea to understand how much weddings typically cost in your area.Īs per the SmartAsset study, these are the most and least expensive U.S. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |