How to Plan an Event Budget
A well-planned budget ensures your event stays on track financially. Common allocations include 40-50% for venue and catering, 10-15% for entertainment, 8-10% for decor, and 5-10% as a contingency buffer.
Tips for Staying on Budget
- Get quotes from at least 3 vendors per category
- Always include a 10-15% contingency for unexpected costs
- Track actual spending vs. budget throughout the planning process
- Consider off-peak days and seasons for lower venue rates