Post # 1
How did you and FI split up costs? Who paid for what?
We are paying ourselves, no outside help, so we’re trying to figure out who should pay for what. I already own property which we will live in after the wedding, so he agreed to pay for the reception which will be the biggest tab.
But what about cake, photo, video, ceremony site, DJ/mc, etc?
Post # 2
Your money will be his and vice versa. We did a very non-traditional wedding and took our family out to a wonderful restaurant afterwards. I put it on my card since I get the most rewards points at restaurants.
Post # 3
Since we officially combined finances right after the wedding but practically combined incomes when we gotged, we both did. No diving up, which was nice and easy. We had an informal agreement that we would split the cost of everything in half if we called it off prior to the wedding, but that wasn’t an issue. Are you and your fiance planning to combine finances after the wedding?
Post # 4
happybunny177: I’m in a very similar situation. We’ve been paying for things as they go with no real ‘this is yours, this is mine’. Our overall budget was determined by how much we each had in savings *and* how much of those personal savings we were willing to pool in for the wedding. The split is around 60/40 but I make a bit more than my partner and this reflects our take home salary break down anyway. The whole wedding planning/financing process has basically been a trial run of how we’ll do our finances after we’re married. Have you guys had that chat yet? If it would be easier to itimise things then do so. But at the end of the day, money is money – objectively, it won’t matter if it’s being spent on cake or a DJ 🙂
Post # 5
We do have a bit of outside help…my parents are paying for the catering, and his Dad is paying for the rehearsal dinner, but all of the extra’s we are paying for ourselves. We have a joint account that we deposit money into for our joint bills, etc, and that’s the account we’ve been using for the wedding costs as well. So I guess you could say 50/50. When you’re married or even just living together costs are usually shared anyways.
Post # 6
We already have combined finances so there was no reason for us to “split things up,” it is already our money rather than his vs mine.
Post # 7
happybunny177: What if you took a different approach, and instead of saying “who pays for what” you come up with a pool of funds (aka “budget”) by figuring out how much you can each contribute, and then you make all your purchases together from that pool?
Post # 8
We arebasically on our own. Any help we get is help we haven’t planned On. We opened an account just for wedding stuff together and we put what we can afford to each month after our expenses. Wewill be combining finances completely after the wedding though so ultimately it doesn’t matter. That said, he will likely pay for a majority of it. He’s actually more insistant about it being up to “standard” than I am.
Post # 9
We both deposit the same amount into a joint banking account monthly, and we pay for everything out of that.
Post # 10
We both make pretty much the same amount of money and we combine finances so it all comes out of “our” money anyway. I bought my dress, he’ll buy his suit, we’ll pay for the venue probably on a credit card (for points) that we both make the payments on/pay off.
It’s really not a big deal for us. Even bills, until we get our official joint account we’ll either split it down the middle or “hey honey get you get the electric and I’ll pay the heat?”
It just works lol
Post # 11
Everything was combined so there was no splitting. If you’re splitting finances, I guess I’d split it the same way you plan on contributing to the joint account.
Post # 12
FI has a job and I’m still in school, so he’s footing the bill for the wedding. After we’re married it’ll all be “our” money anyway, so it doesn’t really matter to us.
Post # 13
Although we haven’t officially combined bank accounts, my money is his money and vice versa. What we’re doing is having my FI pay for all of our bills so that my whole paycheck each week goes towards the wedding. We’ve definitely hit some snags with over $1500 dental work I needed done and my car breaking, etc. etc. We’re going to have to really hustle after the holidays!
Post # 14
FI and I combined finances a loooooooong time ago, so we just pay for it out of our joint savings/checking account.
Post # 15
we didn’t really split, we just kind of took turns to pay for things so far. (we’re also having a fairly small wedding and i earn only slightly less than him.)