Next, you will want to fill out a monthly financial report worksheet where you record you income and come up with your net spendable income after taxes and any charitable giving. Then you want to take your totals from your monthly expense record worksheet and fill in all amounts in the categories such as household, food, medical, transportation, and recreation just to name a few. When you total up your expenses and subtract them from you net spendable income you will see if you have a surplus or not.
Bridesmaid's gifts, Transportation, Stationary _ 2% each Rentals, Miscellaneous _ 3% each Flowers _ 10% Photography _ 11% DJ entertainment and Lighting Design _ 10% Bridal Attire _ 12% Reception _ 45% These figures can be a good starting point for budgeting your wedding. Obviously, nothing is set in stone but if you follow a budget, you should be around the figure you would like to keep the total cost at. The percentage is based on the total cost. So, if you would like to spend ฤꯠ total on a wedding, űꯠ (ฤꯠ x 45%) shall be allocated for the reception. The responsibility of cost for a wedding is stated by tradition. There is no right or wrong way to figure costs. It is a matter of choice and it's something that you should discuss with both sets of parents. More than likely they will incur some of the financial burden. They will also want to be involved in your decision making process.