Post # 1
Hi bees I’m struggling with a venue. We found the “one” but it’s pricy…we can manage it but it is over what we would want to pay…do I suck it up and pay for the venue I love or choose a lesser price venue?
any help would be appreciated 🙂
Post # 3
“Too much” is different for everybody, but it depends on your overall budget and where the venue fits into that picture. I would say that if it will require you to go into debt, then it’s too much; if it will require you to cut important people from the guest list, then it’s too much. Our wedding philosophy was “people are more important than places/stuff/trappings. We would rather spend less on other things to be able to include more people.”
What does your FI think?
Post # 4
@holister: In my opinion, if it’s your dream space you should go for it. You can cut corners elsewhere…
Post # 5
@holister: One rule of thumb that may be helpful is that the cost of your reception venue, plus food, beverages, tables, chairs, linens, china, glassware, flatware, etc., service charges, taxes, and gratuities, should not exceed half of your total wedding budget.
Since booking a venue is usually one of the longest-lead-time items involved in wedding planning, couples sometimes sign contracts for venues very early in the process, before they discover what they truly will be able to afford.
Post # 6
I was also debating on pushing the wedding into 2015 to sve extra money…but then we would be engaged for almost three years…is that too long?
Post # 7
Too much is more than you can afford comfortably.
Personally, that venue sounds like too much if you have to save 3 years for it, depending on how your other finances are doing. If you are saving 3 years, and maxing out your retirement funds and able to save a nice emergency fund, then sure, 3 years is fine. If you’re saving 3 years JUST for a wedding, or if you have to skimp too much on other savings, then no, I’d say find something cheaper.
Post # 8
Too much is anything that puts you into debt, or causes you to fall behind on other financial obligations in order to pay for it. It’s entirely dependent on your personal situation. However, it definitely sounds like this particular space would be a strain for you.
Post # 9
@holister: I guess it depends on how ‘pricey’ it is. My dream venue (we are talking, since I was a little girl) had a 60K minimum. With my 150 guest list, I was easily looking at over 100K. That to me was a big, fat NO.
Have you figured out a rough budget based on how many guests you want to invite and what type of wedding you want? Hopefully that will help you answer your question!
Post # 10
Too much = wedding debt. And this doesnt include what you think you may get in cash gifts to help offset it. If you can cut back elsewhere then its a different story
Post # 11
@holister: What does this dream venue come with? My venue can cause serious sticker shock until I explain that floral, dj, food, and other things can go towards my minimum.
What I did was set a budget by realistically seeing how much we could save a month. That meant we would be engaged for about 2 years, but big deal. I think it’s better to be engaged longer and carefully plan out your savings plan and wedding before jumping the gun and saying “we’ll find a way to make this work”.
Post # 12
@oracle: Ha! My#2 dream venue was $325 per person with a minimum of 200 guests + 22% service charge and 8.87% tax… Yeah, no thanks!
Post # 13
Too much is relative. If you can afford it and you are comfortable with spending it, then it’s not too much. However, if you have to pull out a loan or sell all your possessions, then it’s probably too much. We spent more than some people we know but we have friends that spent way more than what we did. It’s all relative and they were happy with what they spent and what they received.
If the pricier venue is only pricier by a small margin, I would go with that one. You can likely cut corners elsewhere. If they are more organized and include more services, that would be a plus too.
Post # 14
How much over your venue budget is it??
Post # 15
No one can tell you what “too much” except you. My big wedding in downtown DC was probably way too much for some people, but it was fine for me. It depends on your finances, the disposable income you have to spend on the wedding, and what you are comfortable spending.
I chose to put off my wedding for a while to be able to save up more to have what I truly wanted in a wedding. For me, it was the right choice.
Post # 16
Don’t do anything you can’t afford! You’ll regret it later. What made you choose this venue over the others? Was it the size (practical) or the decor (aesthetic)? Consider practicality over aesthetics. With the exception of maybe your garage you can make any wedding site aesthetically pleasing. Your commitment to one another is the most important aspect of your wedding. There are thousands of posts from frazzled bees over aesthetics. I feel sorry for them. Not because of their (IMO petty) issues, but because those issues have clouded the meaning of the marriage itself.