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Hank
Featured September 2021 Ontario

Budgeting

Hank, on February 18, 2020 at 11:42 Posted in Plan a wedding 2 5

We finally managed to lock our budget after rigorous number crunching! We're using excel but looked at all kinds of online wedding budget samples as a guide, including a suggested one from the Government of Canada , one from theweddingring.ca (supposedly based on GTA prices) and the Weddingwire one. I noticed a bunch of questions in the community regarding budgeting so hopefully some of these points will help with your planning, especially if you're using the Weddingwire budget tool.

1) Head count - if you're following sample budgets online, most seem to be created for parties of 100 or less and you'll need to adjust accordingly if you have a bigger party.

2) Taxes and tips - the suggested costs in a lot of budget samples are just the base price that don't factor in taxes. Don't forget about them when budgeting or else you will suddenly go insanely over-budget.

3) Unfactored costs - almost all budgets I've seen don't factor in things like the rehearsal, insurance, SOCAN, delivery fees, special occasion permit (for those of you serving and hosting in a non-traditional wedding venue), gifts for your bridal party, etc. The one that seems to be overlooked a lot is labour.

4) All the trimmings - Quotes from vendors are usually not the final cost, especially if you didn't think to ask for specific services. Does your DJ cost include a lighting or projection package? Corkage fees for bringing in your own wine? Cutting fees for serving cake to guests? Printing for your photos? Alterations for your dress/suit?

5) Rings - they can be expensive and you don't want to overlook their effect on your wallet lol


Happy planning!

5 Comments

Latest activity by Ashley, on February 18, 2020 at 16:10
  • Ashley
    VIP August 2020 Ontario
    Ashley ·
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    Its so true. also when we made a budget we didnt know how expensive each vendor was!! it really added up quick!!

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  • Amelia
    Master October 2020 New Brunswick
    Amelia ·
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    I forgot about taxes when I budgeted for my dress! Thankfully it was one of our earlier investments so I was able to tweak and adjust for taxes in the rest of our budget.
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  • Jessica
    Curious August 2021 Alberta
    Jessica ·
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    I definitely need to keep taxes in mind with the budgeting. They extra fees add up so fast! Smiley sad

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  • Kelsie
    Master July 2021 Ontario
    Kelsie ·
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    Really good post on budgeting! Definitely all of the "unseen" costs can add up (ie SOCAN fees, travel fees, set up/take down fees, etc.).

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  • Vinod
    Top August 2017 Ontario
    Vinod ·
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    All the mentioned above was kept in mind and excel was replaced by word program to keep track of all expenses and what was purchased/rented/gifted for the wedding. Its true that the taxes have to be included as its beforehand of amount total considered.

    It felt great knowing we were way under budget and not a lot had to be done for décor.

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