Mar 6, 2009 | Budget Planning, Family Parties, wedding planning
When you are planning an event, one of your largest expenses will be the location. But there are lots of ways to have a beautiful event without spending half your budget on the venue. There are plenty of high-profile, downtown locations where you could drop five to ten thousand dollars just to walk in the door. You can take a look at those to get ideas, but then keep looking.
At the front door of The Grove in Glenview. Photo by MWD Photography.
My favorite place to start looking for inexpensive party locations is the local park district. And I don’t mean you should be stuck at the fieldhouse in the local park. Park districts often take over historical houses or other structures and rent them out to make a little extra money. In Chicago, there is the Berger Park Mansion or Promontory Point. Glenview has The Grove. In Wilmette, there is a very cute party room at Gillson Park. Sometimes you can get an even better deal if you live in the town where the park is located, or if you know someone who lives there who would be willing to co-sign the contract to get the in-town rate.
In the suburbs, there are also women’s clubs and community houses, especially in the older suburbs. Some of these are not cheap, but sometimes you can get a good deal. The women’s clubs often provide tables, chairs, white linens, china and silver. The style of the china might not be what you would choose, but having those items included in the rental saves you a bundle on renting them.
Another option is to go outside the city. If you are willing to move your event from Chicago to southern Wisconsin, there are halls available at a reasonable rate. There are also some venues in the distant suburbs that offer good deals.
If you want to stay in the city but have limited funds, try restaurants with party rooms. These rooms are often available at no charge. The restaurants make their money on the food and drink. Some restaurants can handle decorations, audio/visual equipment, and other special requests. Not all restaurants are suitable for a large wedding, but there are some that can even handle a complex event such as that.
Also, smaller museums, art galleries, and other arts organizations sometimes rent their spaces at reasonable rates. They do not always advertise widely, so you will have to do some research to find them–or ask a professional for advice.
And don’t overlook institutions you have a relationship with. Your church or synagogue, a cultural institution where you have a membership, or the arts organization you support may be able to offer you space at a reasonable price. Also, to save money, consider planning your event for an off day. Sundays are often less expensive than Saturdays, and if you can have your party on a weekday, you can often get a real bargain.
If you have no budget, of course you can always ask friends or family with a nice home to help you by letting you have your party at their home. This option depends entirely on your connections. But even if you don’t have friends with huge houses, you can still have a party or wedding for a reasonable price if you look a little beyond the easy choices. There are very nice locations within your reach.
Feb 27, 2009 | Budget Planning, Family Parties, wedding planning
Just because you are on a budget doesn’t mean you can’t have the event you want. It requires some extra work and maybe a few compromises, but you can still get married or have a bar mitzvah or throw the party for your parents’ anniversary and have a real celebration. Working on a budget is something I do a lot, so I’d like to share some of my insights with you.
It's about the money.
The first thing to do is to have an actual budget. This is sometimes an item that people put off, but I urge you to come up with a realistic budget as early in the planning process as you can. It will help to guide your choices as you plan your event. The main reason for procrastination, I think, is the simple fact that many people do not know how to go about preparing a budget. Here is my method:
Start with the total amount of money you are able to spend on the event. Be realistic about your ability to spend, including any contributions others have committed to making. It is not worthwhile to spend more on any event than you have. Unless your circumstances are unusual, it is not generally a good idea to go into debt for a wedding or other celebration. I also do not recommend spending everything you have for one day’s celebration.
Next, list all the things you intend to spend money on. Include everything you think you might need, and add a “just in case” category. For a wedding, your list might look something like this:
Band/musicians/DJ
Cake
Candles
Caterer/restaurant
Ceremony venue
Clothing
Contingency
Dish rental
Event planner
Favors
Flowers/décor
Furniture rental
Gifts
Guest directions
Invitations
Ketubah
License
Limo/transportation
Linen rental
Liquor/champagne
Menu
Officiant
Other rentals
Photographer
Place cards
Postage
Program book
Reception venue
Rings
RSVPs
Save-the date cards
Sound equipment
Table numbers
Tips
Unity candle or sand
Videographer
This is not to say that you have to include everything on the list. I don’t think I have ever worked on a wedding that spent money in each and every one of these categories. And some events require things that are not on this list. Pick the ones that pertain to your event and make a spreadsheet.
Now comes the hard part: Fill in a number next to each category and make sure the total does not exceed your total budget number. (Computer spreadsheet programs such as Excel make this job much easier.) But how do you know what number to put there? You will have to do some research. Talk to vendors and other professionals (such as an event planner). Poke around online to get a range of prices. Decide what things you can do yourself to save money and what things will require professional services. For example, you might make place cards and table numbers yourself at minimal cost, if you have the time. In a future post, I will take a look at some of the more difficult categories and consider ways to estimate and reduce costs in each.
The creative bride of this wedding made her own programs, place cards, and even her own flower arrangements.
Finally, if your cost estimate exceeds your resources, you will have to find places to cut. You may have to reconsider how you define what things you need and remove some categories, or you might have to make do with smaller quantities or lesser quality on some things. These decisions are not easy, but keep in mind that the most important thing about any celebration is now how opulent it looks but what happens between the people. If it’s a wedding, getting married is the most important thing that will happen. If it is an anniversary or birthday party, the important thing is to honor the ones who have reached a milestone. If you can manage a lavish entertainment in addition, consider it a bonus.
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