Having set your Asian wedding budget can be challenging. We know you’d rather skip the cake tasting, but generating (and sticking to) a budget is essential to wedding planning.
Your wedding budget will likely comprise funds from various sources and should represent your value systems and priorities. Our step-by-step advice for creating an Asian wedding budget you can afford and are happy with can be found below! A wedding budget should be personal, reflecting your specific situation and circumstances. We’ll assist you in arriving at your final figure by following the steps below:
Discuss your plans for the day with your partner.
What do you and your fiancée hope to achieve on your wedding day? Do you want to be surrounded by many families and friends or something more intimate with only your nearest loved ones?
Do you envision a large, fancy party or something more relaxed and low-key? Take the time to talk with your partner about your Asian wedding day vision. Based on these preferences, the budget you’ll need to realize your view can vary greatly!
Include how soon you want this party to take place, as a shorter engagement means less time to save for the big day. It’s best to have a rough idea of when you’d like to tie the knot.
Determine Who Is Contributing
Maybe it’s just you and your fiance. Your grandparents or other family members would like to contribute. Determining who will contribute to your wedding is an excellent calculation of your overall budget.
Determine how much each party is prepared to spend and what aspects of the wedding they want to handle.
Conduct local research to establish reasonable wedding budget expectations.
After you’ve mentioned your ideal wedding vision, it’s critical to establish cost expectations. Regarding your wedding budget, most couples have two numbers in mind: the amount of money you are allowed (and willing) to spend and the amount of cash the wedding you want will cost.
Many couples begin their research and quickly realize that the wedding of their dreams will cost more than they anticipated. This is where narrowing down your priorities comes into play. Even if your desired budget differs from your wedding vision, you should only feel obligated to spend what you are comfortable with.
Prested Hall’s primary goal is to present you with easily achievable options (Orangery, Oak room, garden room, and waterside garden)to have a wedding you’re happy with at an affordable price point.
Declare your absolute maximum spend.
Sit with your fiancé and communicate an amount you both feel comfortable spending to determine a wedding budget that works for you. This is the maximum amount of money you are capable and willing to spend without incurring debt. You may be rich enough to afford to pay more, but you decide not to spend so much on a one-day party.
This is also the figure you’d be working with if you paid for your entire wedding. If your families are willing and able to contribute to your wedding fund, you could either add their efforts to your maximum spending or save some of your destined spending for other life goals.
Determine how much money you need to save over time.
After deciding the type of wedding you want to plan, talk to your partner about your finances. Decide how much you are willing and able to contribute to the day as a group. Can you put some of your money aside for the wedding? Can you save money during your engagement to put toward your wedding expenses? If so, how much is it? Will you open a new joint bank account to keep for your wedding?
This could be the first of many money discussions you’ll have as a couple. A healthy marriage must be on the page financially. Sometimes, this fund may be all you have to work with. If your family isn’t contributing money, you may have to extend your engagement to pay for the wedding you want.
Have The Discussion with any potential contributors.
If either set of parents contributing money to the Asian wedding expenses, make time to sit down and start debating how much they will contribute. Perhaps you and your fiancé intend to pay for your wedding so that the conversation will be limited to you. In any case, it’s critical to grasp how much money you’ll need to work with to stay within your budget.
It is worth noting that acknowledging outside parties or loved ones may come with conditions. If the two of you want creative control without having to manage other people’s opinions and desires, you can decline outside contributions. It’s a trade-off, so if you accept financial assistance from your family, set boundaries and expectations upfront.
Discuss timing and expectations.
The expectations that come with the money are one of the most challenging aspects of planning a wedding with outside funds. It may be awkward, but it is critical to communicate expectations with all financial contributors to avoid unnecessary stress or hurt feelings.
Estimated to be responsible and the timing of contributions from everyone financing the wedding are essential topics to cover. Will they give you a lump sum to work with right away? Or will they deposit funds on a rolling basis throughout your engagement?
Do you intend to charge your expenses to a credit card that earns points? Will you pay in cash or by check? Will your family members directly pay for specific services/vendors or give you funds to spend as you see fit? Cover all of your bases to avoid potential conflict with your families.
Compile the final figures.
Total the funds from all contributing parties to arrive at your wedding budget. Combine your family’s funds with your savings and monthly contributions. This figure should be your wedding’s absolute maximum budget. It should be the number you consider when making daily financial decisions.
Concentrate on what is essential.
Setting an Asian wedding budget can be stressful, so focus on the most critical aspects of the wedding day. Moments like hugging a relative you haven’t seen in years, exchanging vows with your partner, and dancing the night away with your closest friends are often treasured.
You can have the most magical night of your life. Setting a reasonable wedding budget within your financial means will allow you to do so without stress, guilt, or debt!
To get started on the right foot, follow these Asian wedding budget tips.
