Post # 1
My FI and I got engaged about a week ago and it’s been so fun! Everyone’s so excited and I love thinking about all the little details. I just started the process of talking to venues and the first question I’ve been getting is “what’s your budget?” My parents will contribute some $$, but I am not sure how much yet and my mom has already asked me “What’s your budget?” The answer is…I have no freaking clue! I’ve done a lot of research but still don’t really understand what is a reasonable price and what is over-the-top.FI and I have enough saved up where we could probably pay for a $20,000 wedding right now if we needed to, but should I budget wayyy under so we don’t spend everything? We live in a mid-size Midwestern city, but I would love to get married downtown, rather than suburbs, which is probably more pricey.
My questions are: How did you decide on a budget? Did you look at how much you have saved or how much you could possibly save in a year? Did you basically throw out any hope of saving in the year before your wedding? AND How much are you paying for your venue (location, food, drinks, chairs, tables, linens – everything but decorations, entertainment, etc.) I am beyond lost. Please help!!
Post # 3
I’m not going to be much help here…but basically, how we decided was: how much were we willing to THROW AWAY and not have anything to show for? $10,000? OK. Budget set. And then we split it up into this much for venue, this much for dress, this much for food…
We got lucky and have a venue for under $3000 that includes a package that covers almost the whole thing. My dress is $1000, so we have a bit of wiggle room!
Um…good luck! Hopefully other bees can help you out!
Post # 4
We asked both of our parents for a hard number or what thing(s) they specifically wanted to pay for. Then we looked at what percentage of our take home pay we would be willing to put away every month and multiplied that by the number of months between now and the wedding. We’re still saving for things like 401k which are automatically taken out every month, but things like our house down payment fund won’t get any more added between now and the wedding.
We also found it VERY helpful to pick three things we didn’t want to compromise on. That’s where most of our money is going. For us it was venue, food, and photography. In that order.
Venue (medium sized midwestern town. includes tables, basic iinens, chairs, and day of coordinator): $3,500
Food (including china/flatware rentals and open bar with mid-grade liquor for 200ish people): Estimating $13-15k
Post # 5
@anneh1990: To be more specific, the package covers white garden chairs for our lakeside ceremony, dinner for 25 (I pay for anything over 25, but we’re only planning on 50), officiant, altar table, the reception room, cake (serves up to 50) and overnight room. Less than $3k. They provide the plates and stuff but we have to rent any extra decorations.
Post # 6
We had an original budget of 15K, then decided to have a smaller luncheon!
So I said 2K, DH said 5K, and we wound up at 4K!
And every penny our parents put towards the wedding was looked at as a bonus! (My parents bought my dress, his parents sponsored the rehearsal dinner)