Determine Your Budget | Magnolia Vine Events

Determine a Budget

Our wedding planning budget series started last week. This wedding series is really aimed at giving you some great tips to establishing a budget, sticking to it, and some tips that will really help you save some money. Let’s face it, weddings are expensive and any way we can save money and still get the wedding you want is a win for everyone. In the last blog post we covered setting priorities (link this to first post). Today our video blog series will cover what a reasonable budget will look like.

Budget Specialist

To help us with todays video on determining a budget, we are joined by one of our favorite wedding planners.  Ashley Stork started in the wedding business with planning her own wedding.  Now, she is the owner of Magnolia Vine Events. In this interview Ashely answers several questions that cover key topics when addressing the budget planning process.

Key Questions

  1. What is the first thing any couple should do when setting a budget?
    1. Most people find out how much money they have and go make a budget. Ashley actually recommends getting your guest list together first and having those conversations with the whole family on both sides. She also spoke that last year in the United States the average wedding budget was $35,000 for 150 guests (about $225/ guest).
  1. What are some of the pitfalls?
    1. Emotion in the budget
    2. No communication
    3. Not doing your research into your vendors and their typical price
    4. Coming up with an arbitrary budget number out of the air and saying that is your budget
  1. Top tips:
    1. Step 1: Take rough guest count and multiply by $225 and establish if the budget is feasible.
    2. Step 2: Do your research into the prices for your vendors
    3. Step 3: Decide your priorities
    4. Step 4: Take 10% of budget and keep it aside for miscellaneous expenses

Stay tuned for our next blog in this series discussing taking your budget and applying it to what you want on your day. If you liked this blog, sign up for our newsletter below to get the latest information and deals we offer. See you next week.

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Setting Budget Priorities for Your Wedding Day

 

Setting Budget Priorities

Imagine, on a nice sunny day your boyfriend gets down on one knee and proposes a question you wanted to hear since you were a little girl. Emotions completely overwhelm you as you say yes and fall into his arms of embrace. Nothing can go wrong. The perfect husband, the perfect ring and the perfect life. After you reach out and tell your friends, post some Instagram stories, and take some pictures, you start to think of that perfect wedding day you dreamed of as a child. This day will have beautiful flowers to captivate your family, a gorgeous dress that will impress your future groom, a beautiful venue decorated to the nine, and outstanding food that everyone will talk about for years to come. The perfect day to the start of a life with one another.

Does this sound familiar to anyone. This dream is possible for any bride on any budget and this is the focus of this series. Too often brides become so fixated on the budget they forget about the big picture. We are hoping that by taking a practical approach to your wedding budget you can have the wedding of your dreams. The first step in our four part series starts with setting your priorities.

The Budget Priorities Exercise

Priorities will provide a perspective to your budget. Think of them as the guide to how you will spend your budget for your special day. One of the exercises we take our brides through we call the priority exercise. It doesn’t take long and will help you immensely with your wedding budget. The three steps are:

  1. List all things that are priority for both you and your fiancée (have two separate lists). They can be in any order the important thing is to just put them down. Here are some examples of priorities:
    1. Reception
    2. Food
    3. Wedding Venue
    4. ReceptionVenue
    5. Photography
    6. Guest Gifts
    7. Decorations for the Wedding
    8. Decorations for the Reception
    9. Honeymoon
    10. Rehearsal Dinner
    11. Hair and makeup
    12. Flowers
    13. Invitations
    14. Wedding Planner
    15. DJ
  2. This step will combine both lists into one. Look at both lists and if you have a priority listed on both of them, put it towards the top of another piece of paper and then list all others mentioned on both lists under it. Then draw a horizontal line to cut the paper in half. All the other priorities that were mentioned on each list but not on both, put below this line. We do this to show which priorities will have more importance as they were mentioned on both lists.
  3. Now here comes the actual prioritizing and the way we recommend you do it is by asking yourself:
    1. Why is this a priority to me?
    2. Will I be able to remember this 10 years from now?
    3. How will this impact my wedding if it is not done?

If you answer these questions honestly, especially the last one, it should make prioritizing your wedding day a lot easier.

Once you have prioritized them put them on a final sheet of paper in their correct order. Don’t prioritize things because your family tells you to. This is your wedding and no one else’.

Final Thoughts on Budget Priorities

We are hoping that this series provides invaluable information about how to set a wedding budget. If you enjoyed this blog post stay tuned for next week and subscribe to our newsletter for more content. Also, please join our YouTube channel as we will be posting more videos for your to enjoy.

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Mindset for Marriage

Marriage and Mindset

We have covered a lot of material in the last weeks on mindset.  The concept of mindset is not something most people think about or are even very aware of. Mindset is the one thing that will make the difference between a great wedding day and a wedding day that you can’t wait to be over.  It can even spill over into your marriage.

One of the most important concepts related to mindset is being aware of yourself. Starting today, be aware of when you start to get angry or feel yourself getting frustrated with others.

  • What is making you frustrated?
  • What is making you angry?
  • How do you see that person right now?

When you are more aware of how you react in certain situations and why, you will be more aware of things we call “triggers”. These “triggers” are certain things or feelings that make you aware you are moving toward an inward mindset.  The other reason to be aware of your triggers is time.

Your mindset can shift in an instant. Without you knowing it, you go from a calm, cool, and collected person to someone who is bent on sabotaging their own day. This is, in my opinion, the biggest danger of an inward mindset. With this, you can actually hurt your own wedding and feel justified doing it.  This is why it is so critical to be aware of your triggers and use some of the tools covered in this series (like SAM) to help get you back to an outward mindset.

I hope you have enjoyed this series. To further learn about the outward mindset you can also read Leadership and Self Deception, Anatomy of Peace, and the Outward Mindset written by the Arbinger Institute. If you are a more visual learner, you can watch this webinar as one of the founding partners explains mindset.  If you would like coaching on how to implement mindset into your business please contact the Restart Specialist.

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SAM When Stressed

Stressed then SAM

Over the last few weeks we have talked about the two primary mindsets that you can have on your wedding day. The inward mindset allows us to view people as objects and we are not concerned with their feelings, goals, or desires. In the outward mindset we view others as people and acknowledge that we have an impact on what they do. In an outward mindset we are so self aware of how we impact others, we look for opportunities to reach out and help. This leads us to one of our final lessons for in this series.

There is a constant pull and tug between the mindsets. When we are in very high stress situations we tend to gravitate back to what is comfortable or what we are used to. Unfortunately, for most people in the world, what we are used to is the inward mindset.

How can you tell when it has taken over?

There are some common signs: blaming others, feeling entitled,  or feeling like a victim. These are only just a few signs, but most importantly you need to recognize your own signs and symptoms for when you are in the inward mindset. Once you see you are in this mindset, how do you get out of it? For this, we will have to turn to SAM.

SAM is a cool little acronym we will use to describe the process that will assist us to refocus our efforts and move toward an outward mindset. So here it goes:

S- See others: The first step to seeing others is seeing others needs, wants, desires, or challenges. Then ask lots of questions and get really curious.

A- Adjust efforts: Take all of the needs and objectives into account and adjust efforts to assist.

M- Measure: Ask if you have been helpful and gauge your impact. Hold yourself accountable

This technique may prove to be difficult on your wedding day. Thinking about your mindset on a day that is stressful already is very difficult. I will offer one more word of advice to help keep you in your outward mindset. When you feel stressed or overwhelmed ask yourself: What is your mission for this day? It should be to get MARRIED!! It is not to impress your parents, in-laws, or friends. As long as your focus is on your mission, it will help to keep you in the right mindset.

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Outward Mindset

Outward Mindset

From an explanation of inward mindset last week to a much more positive look at the glories of outward mindset this week.  As you learned last week having an inward mindset can go from a beautiful day about family and marriage to a rain cloud of a “me, me, me” pity party.  That is probably not the way you planned for your wedding day to go.  There is another way with the outward mindset.

The outward mindset, in its simplest terms means that you are aware of the impact you have on other around you. Most importantly, though, I have a connection to the people around me. Regardless of their political views, religion, or any other dicey topic we all have one thing in common: we are human beings. Whether we like it or not, we are human beings with

dreams, desires, challenges, upsets and triumphs.

In this connection we can find common ground and most importantly a common connection. In all situations we thrive on connection rather than disconnection. You have the impulse and need to help others and how you have been wrong or caused problems in situations.

Now that we have discussed both mindsets lets go back to our example we used in the last blog post. So just a review. Your wedding day is progressing and you find out your florist will be about 45 minutes late. So, lets pause and think about this situation for a moment. How do you feel? What are the thoughts going through your head? What are your thoughts about the florist?

We discussed last week how you would look at the florist in an inward mindset, so now we will look at the florist from an outward mindset. Lets first be realistic about this situation, I can’t think of one bride who would not be frustrated with this.

You have been planning this day for months or years and this detail could curtail your whole event. That is stressful. Looking at this from a mindset perspective, how will my reaction affect the florist? Imagine if you walked up to them and said” how can we help.” How will this simple gesture be perceived. Maybe the florist team will work harder and get your wedding back on track.

Now think how you would act in an inward mindset? Next week we will look at a tool we can use to help guide our mindsets from inward to outward.

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