How do you create a budget for an event?

Short answer

Start by listing every possible expense, then add up your total available money. Decide your priorities, allocate amounts to each item, and track actual spending as you go.

Creating a budget for an event like a wedding begins with a full list of costs. Think about the venue, food, drink, attire, flowers, photography, music, stationery, rings, and any extras like transport or favours. Write down everything you can imagine, even if you are unsure of the cost. Next, work out how much money you have in total. This might come from savings, contributions from family, or loans. Be honest about what you can afford. Then decide your priorities. Most couples care most about the venue and food, so give those the largest shares. For items that matter less, keep the amounts smaller. Allocate a figure to each line on your list. Add a contingency amount for unexpected costs, usually around ten percent of your total, though you can adjust this to what feels right. Then start booking and spending. Update your budget every time you pay a deposit or a final bill. Compare estimated costs with actual costs. If one area goes over, reduce another. Keep your budget realistic and flexible. Do not forget smaller costs like postage, tips, or marriage certificate fees. A simple spreadsheet or a notebook works well. The main thing is to review it regularly and talk openly with your partner about money.