Jul 16, 2024

Relationships

Wedding Planning for the Modern Couple: Tips and Insights from Jessica Bishops of Budget Savvy Bride

Emily Luk

CPA, CFA - CEO and Cofounder of Plenty

Planning a wedding can be both exciting and daunting for couples, but it's also an opportunity to create a celebration that truly reflects their love story and values. Couples planning to wed should prioritize what truly matters to them. By focusing on what is important and meaningful to the couple, they can create a wedding that reflects their unique values and desires. This might involve reimagining traditional wedding customs, opting for more intimate and personal celebrations, or making conscious decisions about spending to align with their long-term financial goals. Couples should feel empowered to create a wedding that is authentic to them, regardless of trends or societal expectations.


In our latest podcast episode with Jessica Bishop, the mastermind behind Budget Savvy Bride, Emily and Jessica delved deep into her journey from a personal blog to a leading resource hub for budget-conscious couples. 


The Birth of Budget Savvy Bride


Bishop's story began over a decade ago, in 2008, when she and her partner, both on entry-level salaries, decided to embark on their wedding planning journey. The financial constraints they faced led them to adopt a creative and resourceful approach to planning their wedding. Bishop's personal blog, initially intended as a means of documenting her experiences, quickly transformed into a comprehensive resource for couples navigating the complexities of wedding planning on a budget.


After four years of nurturing her blog, Bishop made the bold decision to turn Budget Savvy Bride into a full-time endeavor. The move was not only a testament to her entrepreneurial spirit but also a conscious effort to align her values with her work. Today, Budget Savvy Bride stands as a testament to Bishop's dedication and determination, offering couples invaluable advice and resources to help them plan their dream weddings without breaking the bank. 


Key Advice from Jessica Bishop


One of the key pieces of advice Bishop shared during our conversation was the importance of keeping the guest list tight. She emphasized that each additional guest significantly increases the overall cost of the wedding, from catering to venue size. Bishop also encouraged couples to rank their priorities and identify areas where they are willing to compromise. For instance, opting for silk floral arrangements or DIY options can save a considerable amount without compromising on aesthetics.


Future Trends in Wedding Planning


Looking ahead to 2024, Bishop predicts a trend toward authenticity and personalization in weddings. Couples are increasingly seeking unique and meaningful experiences that reflect their values and vision. This shift towards authenticity aligns perfectly with Budget Savvy Bride's mission of helping couples create memorable weddings that are a true reflection of their personalities and preferences.


The Importance of Prioritization and Financial Responsibility


While acknowledging the allure of lavish celebrations, Bishop firmly advocates for financial responsibility. She stresses the importance of prioritizing long-term financial goals, such as buying a house or starting a family, above extravagant wedding expenses. Her advice is grounded in the understanding that entering marriage with a heavy debt burden can strain a relationship, highlighting the crucial role of financial planning in a successful marriage.


Wedding Planning Wisdom: Budgeting, Destinations, and Cultural Traditions


Jessica Bishop shared valuable insights for couples planning their weddings. One key takeaway was the importance of budget buffers, with Bishop advising to expect costs to be 10-20% higher than initially planned. For those considering a destination wedding, Bishop suggested looking into companies that specialize in such events, as they often offer perks like free rooms and honeymoons for the couple. Another topic was navigating multiple cultural traditions, with Bishop emphasizing open communication between couples and their families to find a balance that honors everyone. The episode also touched upon Bishop's excitement for the "Savvy Wedding Guide," a vendor marketplace aimed at helping couples find local services within their budget. 


The Budget Savvy Bride: A Resource for Modern Couples


Looking ahead, Bishop is excited about the launch of the Savvy Wedding Guide, a vendor directory designed to connect couples with local service providers within their budget. This new initiative builds upon the platform's commitment to providing comprehensive resources for couples planning a wedding. The directory's accessibility and affordability underscore the platform's core values, aimed at empowering couples to make informed financial decisions.


Parting Words from Jessica Bishop


As we wrapped up our conversation, Bishop left us with one key piece of advice for couples embarking on their wedding planning journey: trust yourselves and prioritize what truly matters to you as a couple. Weddings are a celebration of love, and creating an experience that reflects your values and vision is the most important thing. Overall, the conversation offered valuable tips and perspectives for couples embarking on their wedding planning journey.


Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. 


Brought to you by Plenty. Plenty is a wealth platform helping modern couples invest and plan for their future together. We bring the investment strategies and products of the wealthy to the everyday household.


Resources and Further Readings

Connect with Jessica Bishop: Website | Instagram | LinkedIn | X/Twitter

Connect with Emily Luke: Website | LinkedIn | Twitter

Plenty: Website | Instagram | Facebook | YouTube | Twitter

The Budget Savvy Bride: Website | Instagram | Facebook | YouTube | Twitter 

Savvy Wedding Guide Vendor Directory: Website

Bouquet Toss Podcast: Website |

Something Borrowed Blooms: Website | Instagram | Facebook | Pinterest

Bloom Culture Flowers: Website | Instagram | Facebook | Pinterest | YouTube




About Plenty


Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy. Ready to get started? Sign up for your 1 month free trial today.

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AUTHOR

Emily Luk

CPA, CFA - CEO and Cofounder of Plenty

Emily is the ceo and cofounder of Plenty. Started by a husband and wife team, Plenty is a wealth platform built for modern couples to invest and plan towards their future, together. Previously, she was VP of Strategy and Operations at Even (acquired by Walmart/One) and a founding team member of Stripe's Growth and Finance & Strategy teams. She began her career as a VC, and was one of the youngest nationally to complete her CPA, CA and CFA designations.

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