Earnest Financial Wedding Guide – Wedding Wednesday

Wedding planning can be stressful, trust us, but it doesn’t have to be!

The thrill and joy of becoming engaged is unimaginable- but when it comes to planning many couples find themselves lost and not sure of where to start. 

One of the very first things to do is to draw up a wedding day budget. It sounds scary and of course nobody likes being put on a budget, but alas, it must be done. 

First things first. Be practical. Most people want an elaborate wedding, but have a budget of $2,000.

This is fine, but you have to plan within your means! 

Budgeting on your own can be difficult as you find these little “extras” that you want to add, maybe it the type of food you’ll be serving, the type of chair you want for your ceremony/reception, and of course, everything could be easier with a wedding professional! 

From a wedding planning point of view, you should always consider hiring a planner, even if it’s just for day of coordination- the stress level drastically decreases when there is someone else able to alleviate the burdens of planning. This allows for you to actively enjoy your engagement to the fullest extent!

Our friends over at Earnest have put together tools, guides, and even calculators on how to handle your wedding day investment!

Earnest Fairy Godmother Wedding Investment

Companies like Earnest have made it possible for not only wedding day dreams to come true, but also for releasing a huge burden on the families involved in the wedding planning process!

Earnest Fairy Godmother Wedding Investment

If you are looking to plan your wedding, and not looking to go broke because of it, check out available loan options– like Earnest to save the day!  

Congratulations! You’re Engaged, Now What…? – Magical Monday

We are so thrilled to congratulate you on your recent engagement! 

Your planning process has just begun and we want to help you through it.

Did you know that the average investment on a wedding in the United States is $35,329.00?!

Budget planning is one of fundamental planning necessities to this process, after all, it sets the blueprint for your magical day! 

The first step in coming up with your budget is organizing who will be contributing to the investment!

Traditionally, the bride’s family will pay for most, if not all, of the event. In modern times couples and the couple’s family all come together to contribute. 

Another major part of budget planning is your guest count! 

Being practical with your invites is essential. Most people with an intimate wedding of fifty people most often will not have the same budget as a wedding of two-hundred people. This is 100% okay, but it needs to be known right from the start so there are no little surprises as you begin this super fun journey!

According to the wedding experts at The Knot, here is the breakdown of a traditional wedding budget…

“48 to 50 percent of total budget to reception; 8 to 10 percent for flowers; 8 to 10 percent for attire; 8 to 10 percent for entertainment/music; 10 to 12 percent for photo/video; 2 to 3 percent for invites; 2 to 3 percent for gifts; and 8 percent for miscellaneous items like a wedding coordinator…”

After you have factored your venue into your budget, you can begin budget planning for your big day! Be sure to include the things that precede the big day, such as your announcements and any events that may go with it, maybe rehearsal and rehearsal dinners. Couples even go as far as to throw a brunch or BBQ the day after the event to thank everyone for their help, attendance, and friendship!

Another rule of thumb that is good to remember, is to be sure that there is a little wiggle room in your investment. You want to be sure that those unexpected, or “hidden,” charges are covered and won’t throw a wrench in your event!

If you need help planning your magical day, please contact us today and let us help you track your budget and assist you in maximizing your dollar!