Your wedding budget should be determined by the following factors: family contributions, your financial contribution, the style of wedding, and the size of the guest list.
Who Pays for What
Traditionally, the bride’s family pays for most of the wedding costs. These days however, around 75% of all weddings are paid for by the couple, and sometimes the parents of the couple may contribute something as well.
Style & Size
Keep in mind that the more formal you want your wedding to be, the more it will cost. Formal weddings are usually larger in terms of guests which means that you will require a bigger venue, and as well the reception costs will be higher (i.e. food and drink). The reception is the most expensive part of your wedding. Deciding on your guest list should be done at the start of the planning process as it is one of the main factors that you will base your wedding budget on, and will help you avoid going over your budget later.
Decide right from the start what you can afford, and then set up your budget accordingly. Sticking to your budget, and keeping track of everything that you are spending will go along way to helping ensure that there are no surprises later on.
Remember that the most important part of your ‘dream wedding’ is the two of you!