When you plan a fabulous party it’s important to set a budget. I’ll be honest, I’m not always good at setting a budget and sticking to it, but I’m working on it. Through the years I’ve learned that if you don’t set a budget then you end up spending way more money than you want to, and a party, though it may be fabulous, isn’t worth going in debt for!
If you set a budget, and know how much or how little, you have to spend on everything, then making decisions along the way will be easier. If you are planning this party with a spouse or friend a budget will also help to “keep the peace”. If both parties know the amount of money that is available for party items: invitations, decorations, food, etc. then you won’t end up getting in arguments about who is spending how much on what.
Another very important thing to remember is that when you sit down to decide on the budget, leave yourself a contingency, or “wiggle room”. A contingency is important because there are always little things that pop up and sometimes things will end up costing more than you were planning. If you have a contingency in place then a few little surprises won’t throw a wrench in the party and you will be able to continue on the party planning process stress-free!
So set your budget and know how much you have to spend because tomorrow we will be deciding on our guest list!