Updated 13 November 2023
Planning a wedding can quickly get out of hand financially if you aren’t careful. To create a budget without feeling like you have to sacrifice, it's suggested to set up some ground rules. Doing some will avoid budget blowouts that are all to easy to incur on the journey to creating something 'extra special'. Suggested rules include:
- Pick the categories that are most important to you. What matters most different between couples; it could be the venue, wedding attire, photographer, food and drinks, or the music etc. We suggest locking down the three most important categories. You can direct your budget and cut back in other areas.
- Decide early on who will influence your decisions (and stick to those people). If it’s just you and your fiancé, then don’t stray from that. If you want your parents’ input or the help of a close friend, then decide that upfront. The fewer ideas and influences you have, the less likely you’ll be to overspend.
- If your wedding album is important to you, book the photographer first. Remember, wedding photos are something you’ll look at and enjoy for the rest of your life. Many couples decide this is an area they don’t want to sacrifice.
- Choose your essential vendors early. You’ll be in a better position to negotiate rates, and the more choice you have the better decisions you'll make.
The words 'wedding' and 'accounting' won't get anyone excited. However, by opening up a dedicated wedding bank account you can keep everything in one place, earn an above-market interest rate and avoid any confusion. Our best bank accounts guide has the top bank accounts available right now, all of which a fee-free. Our How to Plan a Wedding on a Budget in New Zealand guide outlines popular ways to save significant amounts on wedding costs while not sacrificing the experience of your guests.
Having a wedding on a budget isn’t as hard as it seems; it’s the smartest way to start your life as a newly married couple. Once you’re married, chances are you’ll want to buy a house, save to have kids, and save for your future. Why start your life off in debt when you can find simple ways to save on your wedding yet still have the day of your dreams?