Setting a Wedding Budget

September 2018

I have come across many couples who don’t have any idea about where to start when planning to budget for their big day. Most couples need a little guidance on the things that need to be taken into consideration before the actual planning process begins.

I strongly recommend setting a budget that is both realistic and in line with your disposable income. It is very easy to get carried away in the excitement of planning a wedding. This can cause unnecessary stress and financial pressures due to a lack of planning and managing a budget effectively.

Do Not

Consider taking out a loan to finance your wedding.

I know that this may seem like an easy option to begin with and the most logical solution for you. However, the negatives outweigh the positives. I hope that the following will be enough to put you off the idea completely:

  • Starting married life in debt and spending your first few years paying off your wedding.
  • Interest on loans is high and you will end up paying more over a period of time.
  • Remember it is just one day and there are so many other things that you will need to save for such as buying your first house together.

Now that all the negatives are out of the way let's focus on the positives!


  • Grab a tea, coffee or a nice bite to eat one evening and go through your finances together.
  • If you are lucky, ask parents and relatives if they are happy to contribute towards the wedding.
  • Work out your combined disposable income and be realistic with your current expenditure.
  • Decide where you can make savings (e.g smoking, making lunch, less social activity etc).
  • Set up a wedding fund and contribute a monthly amount towards it until one month before your wedding date.
  • Consider adding some savings that you already have to your fund.

Once you have gone through your combined income, expenditure and any savings it will help to record it in a simple format as shown below:

Description Bride Groom Total
Savings £5,000 £5,000 £10,000
Relatives £3,000 £3,000 £6,000
Disposable Income 12m x £100 12m x £100 £2,400
Total £9,200 £9,200 £18,400

Please note that this is just an example and you will need to adjust this to your personal income. This is a very good starting point and it will help you to identify an estimated budget.

Hope it helps!