One of the most crucial aspects of planning a wedding is keeping track of expenses and payments. Without a clear understanding of where your money is going and when payments are due, it can be easy to overspend or miss important deadlines. In this lesson, we will discuss the importance of tracking expenses and payments throughout the wedding planning process.

When tracking expenses, it is important to create a detailed budget that outlines all potential costs associated with the wedding. This budget should include not only major expenses such as venue rentals and catering, but also smaller costs like decorations and transportation. By keeping track of expenses as they arise, you can ensure that you stay within your budget and avoid any financial surprises.

In addition to tracking expenses, it is essential to stay on top of payments to vendors and service providers. Make a payment schedule that clearly outlines when each payment is due and how much is owed. Keeping a record of payments made and those that are still outstanding will help you stay organized and avoid any late fees or misunderstandings with vendors.

Key Lesson Concepts:

• Create a detailed budget that outlines all potential costs
• Keep track of expenses as they arise to stay within budget
• Make a payment schedule and record payments made and outstanding