This is a very important question. Think about it. How much can you realistically spend? Well, this might help a bit. Here’s a list of questions you need to ask yourself.
• How much money do we have saved?
• What is our combined monthly salary?
• How much money can we put in our wedding fund, monthly?
• How much money are we willing to spend on our total wedding? (think maximum)• How much financial aid will we get from our parents?
• How many guests should we invite, 50, 150, 300? (guess the maximum & stick to it)
• Will we be able to afford a honeymoon right after the wedding or will we be better off financially postponing it for later?
This list contains the monthly costs that we all deal with. Don’t forget you’ll need extra money for all the little incidentals that come along.
$_______________Food, cleaning supplies, personal products, etc.
$_______________Utilities: Bell, Cable, Hydro, etc.
$_______________Travel Expenses: gas, car repairs, car payment, parking, etc.
$_______________Insurance: life, car and home
$_______________Property Taxes
$_______________Bank Loans
$_______________Investments: RRSP
$_______________Credit Card Payments
$_______________GRAND TOTAL
1. Start off by picking a maximum figure that you are willing to spend on your total wedding budget.
2. Then multiply that figure by the percentages given in the 2nd column.
This is only a guideline to show you how to split up your budget between all the typical services. Every couple is different and may choose to spend less or more, according to what is important to them. If you’re doing your own hair and makeup, putting together your own flowers, etc, you can take that extra money and upgrade the services that are more important to you or even hire a wedding planner or “Day of” Coordinator to handle any problems.
For this example, we’ve chosen $20,000.00 for our wedding budget.

100% = $20,000 Total Wedding Budget
-50% = $10,000 Reception Site, Food & Drinks
-10% = $ 2,000 Photography
-10% = $ 2,000 Attire & Accessories for Couple
- 5% = $ 1,000 Videography
- 5% = $ 1,000 Disc Jockey
- 5% = $ 1,000 Flowers
- 5% = $ 1,000 Transportation
- 3% = $ 600 Gifts & Favours
- 2% = $ 400 Wedding Cake
- 2% = $ 400 Officiant
- 2% = $ 400 Invitations
- 1% = $ 200 Hair & Makeup for Bride
Hopefully, you’ll be lucky enough to get some financial help from family. If not, and the two of you are paying for the wedding by yourselves, you should have some money saved and enough money coming in to live on and to spend because you’re gonna spend large. Using credit cards is a good way of protecting yourselves from unhappy dealings with vendors, but remember all that money has to be paid back with interest. Please keep in mind that no matter how much you spend, it’s all for one day. Yes, this is the biggest and most important party you’ll ever host in your life, but when you wake up the next morning you’ll wonder why you just spent a year’s salary on a 10 hour party.
A great way to save money is to set priorities. Ask yourselves what are some of the things you don’t mind splurging on and what services can you forego. Do you want a beautiful venue, but don’t care if you have a limo? Do you want a lovely wedding gown, but don’t require a live band? Spend that little extra on what you want and if you don’t fancy the extras, don’t get them. Although your head may be spinning right now, you can do it as long as you plan your wedding according to your budget allotment. We can’t stress enough how important it is to know your wedding budget before you start and stick to it. There are more arguments at the beginning of married life over money than anything else, so don’t go overboard. We want you to come back to our website when you’re planning your 25th wedding anniversary.
TIP: You’ll notice that with every vendor you talk to and every contract you sign, that there are minimum amounts that you have to spend. Naturally, there are no maximum amounts anywhere in sight. Everyone in the industry knows that there is a big chance that couples will upgrade their packages as the wedding date draws near. If you can afford to spend more and think the upgrade is worth it, then go for it. If you could use that extra money more wisely in your everyday life, forget about the upgrade and pocket the money.