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Budget Confusion!?

posted 2 years ago in Money
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    1.
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    RecessionistaBride    January 28, 2012  

    I see so many budget breakdowns including e-ring, wedding bands, honeymoon, hotels, etc...  it makes me think I'm not "budgeting" at all :(

    We have x amount of money for the wedding day-- food & drink, venue, clothing, photography, favors, musicians, flowers, & transportation.

    Invitations, e-ring, immigration, gifts, honeymoon, hotels, welcome BBQ, rehearsal & morning after brunch aren't included in our "budget" we only applieed the money to our day of wedding expenses.

    How did you break down your budget? Are you using your budget to include EVERYTHING or select wedding day expenses?

     
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    OttawaBride2011    May 21, 2011   Ottawa, Ontario

    we've included everything but honeymoon and rings into ours. i think as long as your comfortable with how much your multiple budgets add up to, you're ok :)

     
    3.
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    ColleenandSean    February 13, 2010   Tallahassee, FL

    I think budgets are fluid according to what type of bride/couple you are. Certain people want some things more than others. For me, it was all about priorities (grant it I am nowhere near done planning my wedding) but we have a budget and we are kind of going  by the percentages that I've heard (ya know 10% dress, 10% this 40% reception etc...) but the reality is some brides are going to be determined to have an expensive sit down dinner but no videographer and some are going to be ok with a buffet and a fabulous photographer. I dont think there is a right and wrong, its just important to know what your budget is and prioritize:) 

     
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    mskalinin    Sept. 12, 2009   North East

    We tracked EVERYTHING. What we did to make it easier to input info and look at the spread sheet was use categories (like paper and decor, flowers, ceremony, reception, attire, honeymoon, etc) and then put the broken down costs in the appropriate categories.

    So in the cetegory "attire" we included the dress, alterations, tux, accessories for both, shoes, socks, etc.

    I think a lot of people don't track every little thing, just the major stuff. But my husband and I are personal finance geeks and wanted to see how much the wedding REALLY cost us. Whatever works for you and your FI is what is appropriate, in my opinion.

     
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    msswan      

    I definitely did not include engagement ring, minimoon in our budget BUT we did include our wedding bands. I agree that every couple is different and is going to have a different sense of how to . There are some great sample budgets in the Real Budgets sections as well as by the Bees themselves that can be a good guide. I think the best thing to do is to set limits that you are comfortable with in each category.

    Good luck! 

     
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    vintage2010    April 10, 2010  

    I've listed everything in our budget down to the cost of stamps to mail invitations, thank you cards, etc.

    I did leave out the honeymoon and e-ring.  I did this because my parents and his parents are contributing to our wedding along with us.  I don't want them to think they are helping to pay for our honeymoon and e-rings.  Which they aren't, but if I had listed them in the budget spreadsheet it would appear that way.

     
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    Newport Nuptials    Fall 2010   Rhode Island / Massachusetts

    We are including everything that we have to save/pay for into our budgets. The only thing not included is the engagement ring, since my fi already paid for it. But we are including all day of expenses, accommodations, honeymoon, wedding bands, rehearsal dinner, day after brunch, gifts for famiyl and wedding party, etc. sicne we really have to save and budget for these things. I don't know if this is typical, but it''s how we have to plan for ours, if we want to make everything work. It's a little overwhelming when its all down on paper.

    My sister on the other hand, just included day of expenses, she did not include rehersal dinner, wedding party and family gifts, her dress and a few other things. She paid for things as she bought them then budgeted seperately for day of expenses.

    There's no specific formula, just budget what you need and what feels right to you.

     
    8.
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    DanyStew    April 25, 2009   New Jersey

    We included everything in our budget except for the honeymoon - there was a separate budget for that.  In our wedding budget we accounted for costs such as bridal party gifts, gifts for our parents, hair, make-up, gratuities, the hotel room for wedding night - everything that was going to need to be paid for in order to make wedding day happen.

     
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    Brianalaura    August 14, 2010   Ontario, Canada

    We tried to include everything except honeymoon and e-ring, but we definitely forgot some things while budgeting (decor extras, hotel room for wedding night etc).  I think it depends on how much flexibility you have in finances too; we're really tight on budget so we needed to see where all of the money was going exactly.

     
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    jennifer_espos    June 18, 2010   NYC

    We included EVERYTHING we could possibly predict beforehand.  I have my own list of expenses (like I'm not gonna expect him to help with my spray tan or nails).  But from what we could predict, we broke it into 2 and then divided by the amount of months we have til the wedding and we added a little more.  I'm pretty sure we're accurate but I'm not sure we'll stay on "budget".

     
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    LittleBear    June 28, 2009   Chicago/beach wedding in NC

    We included everything besides the e-ring. We had a separate budget for the wedding, the dress (which my parents bought for me), the rings and the honeymoon. But esentially it was all under a certain number that we had in mind.

    We actually ended up under budget for the wedding so we were able to spend more on the honeymoon and things we did there.

     
    12.
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    realeastcoaster    July 11, 2009   Canada

    The engagement ring wasn't included (I still don't know how much that cost, as he picked it out), and the honeymoon wasn't included. For everything else, I'm a little shame-faced to say that we didn't set an actual budget. We decided to find the best deal possible on everything, and try to keep the total bill under $10,000. We ended up spending a little under.

    Probably not the most responsible way to go about it, but it worked for us.

     
    13.
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    minneapolitan    11/7/2009   Minneapolis, MN

    My engagement ring didn't count, since I didn't know he was saving/budgeting for it and I still don't knwo what the cost was. 

    We set a pretty firm budget with the amount we had to work with, but it didn't include the honeymoon, wedding rings, or RD.  We paid for our honeymoon out of pocket, the RD is being paid for by his folks, and our wedding rings were super cheap so we just paid for them out of normal spending one month.  I just wanted a plain white gold band, and he's wearing his late father's ring, like $30 to resize. 

     
    14.
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    sleepylittlesailor    november 21, 2009  

    I've included everything in my budget bottom line: engagement rings, clothes, food, water taxi for guests -- everything.

     
    15.
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    cheerful    September 2009 - eloped  

    I think everybody budgets differently and the important thing is to account for expenses you need to plan for. Typically people don't plan for, say, the latte they buy at Starbucks on their wedding day because $3 isn't going to affect the budget. Now if you want a wedding ring a little more expensive than $3, I think that should go in the budget because it's an item you need to plan for. If you have enough liquid capital that $4000 can be spent in one month without it affecting your monthly budget, it doesn't need to go in the wedding budget. This is becoming wordy, oy. Sorry.

     
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    gamblina    October 29, 2010  

    i did not include rings, honeymoon, the rehearsal dinner (as my in-laws are covering), or the cake (my grandma's taking care of). everything else for me is in the "budget".

     
    17.
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    melodicsighs1    May 22, 2010   San Diego

    Honestly, we're just looking at the money we have avaiable/gifted/saved, what we actually need and want for the day, and just kinda spend as we go. I am making almst everything myself, so I know there won't be many unexpected expenses. We're really able to do this becsue my dad is paying for the venue which covers the venue rental, linens, food, chairs, drinks, etc. He has it budgeted out with room for everything that entails, so I know I don't need to worry about that. The photographer, music, decor, paper products, etc etc are being covered by FI and I and thats what I just cover as I go.

    We don't have rings and honeymoon included yet because we are still saving for them and don't know how much/what we'll be able to afford.

     
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    spaniel    March 2010   Los Angeles, CA

    We've tracked everything because we're pretty poor and we didn't want to go over budget without realizing it. ;) That said, rings and honeymoon are not really included in the budget we've presented to parents, who are helping finance the wedding, because the rings are permanent and we want to get what we want rather than 'what we like the most that is also under $300' or whatever, and the honeymoon we can probably use some wedding gifts to offset.

     
    19.
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    FutureMrsDuff    8/28/2009   Bloomington, MN

    Really what it comes down to is how dependent are you on a budget. If you don't need to include the honeymoon into the planning costs and you'll still be able to take one afterwards (or don't care if you do) then it doesn't really need to be added. Same with the rings.

    @ realeastcoaster - we actually pretty much had the same attitude (and budget) that you did. We knew around where we needed to keep things (and did) and that was pretty much it.

     
    20.
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    Honey bee
    hotchildinthecity    June 12, 2010   New York, NY

    We're tracking our wedding budget, and then our honeymoon budget.  Wedding budget includes everything except for the engagement ring because that was purchased two years ago.

    I've been tentatively working off of The Knot's breakdown from the "wedding lists" book and I've noticed that we're way under on some things (wedding attire, photographer) but over on others (transportation/accomodations, reception)

    I think it depends on your personal wedding and what you are emphasizing.

     

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