Wedding Planning Budget

Wedding Planning Budget
Instructor Note: Economics will always be involved with families. Quite often large economic changes relate
to milestones for an individual and the family. Although the wedding celebration is not the marriage, it is a
ritual that is practiced and can create a financial burden if not carefully discussed and budgeted. Depending
on what source you choose to select, the current average cost for a wedding is between $24,000 and $32,000.
This assignment is going to have you do the budget for the wedding. It is a fun way to work on the economic
principles of a budget. Below are the parameters you must follow:
As a couple, you have a $15,000 budget.
The parents have given you a check for $5,000. You may use this money or save it.
If you choose a destination wedding, the plane fare and the hotel must be considered.
This assignment allows for to be successful–whether you are methodical in your approach or creative with
your approach.
Use the website theknot.com for a list of all items that need to be considered and use their
calculator/budgeter.
Consult financial sites that are free for budgeting tips.
Consult your textbook concerning “communication,” “ budgets/economics/finances,” “marriage/family,” and what
else you may find to be of benefit to support your work.
explain the economic principles you learned that solidified your current understanding of budgeting. close
with a discussion of the importance to the family system in knowing about finances and having strong
communication in this area.
 
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