Home » Budget Breakdown: How to Plan a Wedding Under ₹ 5 Lakh

Budget Breakdown: How to Plan a Wedding Under ₹ 5 Lakh

Indian weddings are extravagant. Throwing a wedding under ₹ 5 Lakh seems like an impossible task. But, surprisingly, it is not an impossible idea. Many people plan a budget wedding with the help of a marriage loan to have a close-knit, no-frills wedding, and still manage to keep it gorgeous. 

However, it requires proper planning and adequate budget allocation. Firstly, divide your wedding budget into 3 parts: Number of guests, big expenses, and small expenses. Allot a budget for each of these expenses. 

Disclaimer: Although the idea is to plan a wedding in ₹ 5 Lakh, depending upon your requirements, you can allocate a higher budget in one and reduce it from another. You may also have to tweak your budget as and when wedding expenses that you might have overlooked crop up. Table covers wholesale

  1. Guest Count: 200

So, here’s the breakup of how to plan a wedding under ₹ 5 Lakh: 

  1. Big Expenses

Reception Food + Venue

Budget: ₹ 1.4 Lakh

  • Choose a venue that offers a combo deal, an all-inclusive package consisting of food plus venue. You can easily get a 3 or 4-star hotel lawn or a banquet hall in any of the good cities in India with a budget of ₹ 700 per plate.  
  • Check online websites that offer deals on venue + food packages. Picking up these combo offers helps you save a lot. 
  • If you are not able to get combo deals, you can look at other options like: 
    • Hire cooks and provide them with the supplies. 
    • Hire professional caterers.
    • Outsource the entire menu to a restaurant.

 

Photography/Videography  

Budget: ₹ 1 Lakh

  • You’ll find quite a few good wedding photographers in this budget. Try to keep candid photos and videos. Candid photos and videos cover the most important people and the important bits of the wedding. 
  • Go for traditional photos and videos only if your budget allows. You may want to take traditional photos during the reception where the guests get the opportunity to pose with the newly wedded couple. 

 

Wedding Dress + Other Outfits

Budget: ₹ 1.25 Lakh

  • Check out the local stores in your area. You can get a designer replica at a reasonable cost that fits your budget. 
  • Get your wedding outfit designed by local designers.
  • Look for offers online.

Wedding Favours/Gifts

Budget: ₹ 30,000

  • Some gifts/wedding favours ideas can be mithaai boxes, cookie jars, scented candles, potted succulents, mason jars with goodies, etc. These are great, non-costly options. 
  • Go to a wholesale market and purchase all you need from one shop. The bigger bill may give you the benefit of negotiating the final bill amount with the vendor. 

 Wedding Decoration 

Budget: ₹ 75,000

  • Decorators can charge you through the roof if you allow them. Negotiate with them and squeeze as much as possible from them. 
  • You can also work with tons of Pinterest-worthy DIY decorating ideas that can save some cash. 
  • Use Pom-Pom accessories; they are cute, colourful and cheap too. 
  • Choose the right flowers for your décor according to your budget. Seasonal blooms are cheaper. Choosing marigold vs. roses is a good budget choice. 
  • Buy fairy lights. They make the wedding venue look bright and you can get them cheap on popular online sites. 

 

  1. Small Expenses

Invitation Cards

 Budget: ₹ 10,000

  • Go to the wholesale market. You may get the card for ₹ 50 each. 
  • You can also send DIY wedding invitation cards. 
  • Send an e-invite, which may cost nothing. 

Hair, Makeup and Mehendi 

Budget: ₹ 10,000

  • Go to a local salon without uttering the word ‘Bride,’ and you can get them to dress you up and do your makeup within your budget.  
  • If you are blessed with glowy skin, don’t spoil it with cakes of foundation. Use lipstick and eye makeup. 

Music and Entertainment 

Budget: ₹ 10,000

  • Hire a local DJ or ask a friend to be the DJ

 

Author Bio:

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at [email protected].

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