How do you decide on a budget?!

posted 3 years ago in Money
Post # 3
Member
2164 posts
Buzzing bee
  • Wedding: June 2014

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
Member
825 posts
Busy bee

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
Member
2164 posts
Buzzing bee
  • Wedding: June 2014

@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
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

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)

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