What’s easily one of the least fun tasks of planning a wedding?
I’ll give you a hint… it has to do with money…
Its your wedding payments.
Payments are easily one of the least fun tasks of planning a wedding.
Because not only are you worrying about the budget, but you also have to remember to actually pay people.
And every vendor’s payments are different!
Payment due dates are different.
Payment amounts are different.
And payment methods are different.
So, how do you keep track of it all?
For most couples, once a contract is signed and deposit is made, the payments are kind of forgotten.
You’ve worked hard to find the right person and now that you’ve booked them you’re ready to move on to the next thing.
So, wedding payments get forgotten. Which is totally normal!
But, it makes it much harder on you 6 months or 9 months or a year plus down the road.
So, here’s a time saving tip to help you with your wedding payments.
Start tracking them from the beginning and add to it with each vendor you hire.
You can use excel, google sheets or whatever method works for you.
And you’ll want to track 4 things:
#1 – The total amount
The first thing you want to track is the total amount. Now this may change as you get more info or solidify your guest count. But write down the estimated total for now.
#2 – The deposit
Then you’ll want to track not only the deposit amount you made, but when you made it. If there is any discrepancy or issue down the road, you’ll have a date to refer back to.
#3 – Additional payments
You’ll also want to track what the additional payments and/or final payments will be. For some vendors you’ll have multiple payments. For others, just a deposit and final payment.
Make sure you jot those number or percentages down so you know what they’ll be along with when they’re due.
And once again, these numbers may change when you get closer to your wedding and have all the info, but they’ll be helpful as you go along.
#4 – Payment method
Lastly, you want to write down the payment methods allowed and the information. This way you’ll know if you need to mail a check or if you can pay it online via credit card, or what their Venmo account is.
And then all you’ll have to do is take care of it! Easy peasy!
When you track your wedding payments from the beginning and continually add to it, then you don’t have to remember later what you did or what needs to be done.
You don’t have to go back into the contract and read it all over again.
Because it’s already written down when it was fresh in your mind.
All you need to do is update it as you go along and then refer back to it when additional payments and final payments are due.
Which makes handling wedding payments and your cash flow much easier. So you know what’s coming up and if you need to adjust anything or move money to make the payment.
And as a bonus, it helps you see what you’re spending your money on.
So it can help with your budget too and where you may need to compromise or cut from.
Do yourself a favor and save time with your wedding payments. Make it easier on yourself with this simple wedding planning tip.
Are you planning your wedding and feeling overwhelmed? You’re not quite sure what you should be doing or if what you’re doing is right?
Does this sound familiar?
We understand! And we want to help make wedding planning easier and happier.
And here’s how you can get started:
Take the wedding quiz and find out if one of the three common pitfalls is holding you back or causing unnecessary stress.
So you can enjoy your engagement and also keep all your hair.