The Essentials of Budget Management for Wedding Planners

What else Top wedding planner Dubai clients might expect as a result expert services and budgetary control , and management will be on high on their lists of needs.

 

This is a very complex issue which you cannot be able to cover in a concise essay of this type. However, it may be feasible to summarize a few basic procedures involved in wedding budgeting.

Scoping of the green field

The couple that you marry is not alike, however the Wedding Planner could spot certain common trends.

One of these is for couples to set expectations related to their wedding. These expectations later have to alter after budget reality has settled.

To aid with this process to aid in this process, for this, the Wedding Planner will usually produce what's known as a "first cut" budget. It's usually an estimate from the couple's initial needs.

At this point it's not necessary to go into details of budgeting and planning at a micro level since it's highly likely that the initial rough bottom-line estimate could result in significant changes to the overall wedding plans of the couple.

First draft budget

When the overall scale and scope of the wedding starts to settle, it's typically time to create an elaborate financial budget projection for the entire ceremony. It will comprise all elements of the wedding, not just things like flowers, limousines and venue rental for the reception, but also Wedding Planner's fee, for example.

It is always advisable to create a large contingency of around 20% in order to protect yourself from any unexpected expenses.

In this phase the Wedding Planner's clientele should go through the budget and approve it as acceptable. It is recommended to not enter any contracts with suppliers until that the budget has been officially acknowledged.

While it's often an issue that is delicate, make sure you know who will actually be responsible for paying the cost of the wedding. Whatever you as the Bride and Groom to be might decide to be acceptable and agreed to isn't always the same that their parents may have to agree to if they are the ones to be signing the checks!

Also, ensure that you are able to get the approval by the one who is ultimately responsible for deciding if you want to say "yes" or "no" when the bills are due.

Tracking and other changes

It's likely that wedding costs won't arrive all at the final.

Wedding Planner Wedding Planner will be receiving invoices at every stage and must keep the track of their conformity to the estimates and quotes from the beginning.

If there is a sign that something is exceeding budget, the plans for the particular item must be put off until when the wedding couple has agreed on the additional cost. This should be included within the overall budget as well as the overall projected total cost for the wedding, and this must be confirmed.

Tips for the top

As the wedding planning certifications typically stress the importance of discern between your job as a budget manager and the one from the person who is the budget controller (the latter usually being the person who ultimately responsible for paying the costs).

As Wedding Planner You manage and managing the budget for your clients. This is not your money, and you should be wary of being accountable for decisions that your customers don't agree with.

Therefore, you should avoid bringing up surprise surprises for them by following a sensible procedure of keeping them updated and seeking their approval for any budgetary deviations as they occur (and they often will!) rather than presenting the variances as a frank and complete!