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.
An average wedding will spend 50% of their budget on the reception. This includes food, drinks, and venue. 10% of the budget is spent on the attire. This includes bridesmaid dresses, suites for the groomsmen, as well as the bridal gown. Another 10% is spent on the decorations, and another 10% on music. Plan to spend another 10% on a photographer or a videographer, and the rest for miscellaneous charges. This of course is not set in stone. Your wedding might be much different then this. But when setting up your wedding budget worksheet this is a good place to start.