More and more people are trying to create a budget to live by these days with the state of the economy. However, many people have never creating a budget before and are doing so for the first time. When you are creating a budget there are three common mistakes that you will want to avoid and they are listed below. _ Mistake _ Not Knowing Exactly What You Spend in Each Category _ It is extremely difficult to create a working budget if you first don't know how much you typically spend in each expense category. This is why it is very important to track your spending for 30 days before creating a monthly budget. You will be surprised by how much you actually spend in each expense area.
By now, the concept of a wedding budget sample is a little clearer to you. Let's walk through an example. We will assume that the total budget is ฤꯠ (which is below the national average for a wedding budget). The percentages above can be changed accordingly to what you would prefer to focus on during the wedding. If the DJ and lighting design are more important, then you can allocate 11% towards the DJ and lighting instead of 10%. This would translate to (ฤꯠ x 12%) budget instead of a (ฤꯠ x 10%) budget for the DJ. Prioritize the list below as to what is most important to you and then adjust your percentages accordingly.