Newbie with a wacky budget

posted 3 years ago in Money
Post # 2
Member
235 posts
Helper bee
  • Wedding: January 2015

My first thought is why do you have table decor for a blanket picnic? Is this crockery/cutlery? And if not, are those items included in your caterer quote? It all seems quite low for that many people, so are the costs for booze, food, benches (which I would think are much more exxy), ceremony/celebrant actual quotes? Dress and suit costs could also be too low. 

 

Also SE Asia is very very cheap after initial costs for flights. Have you done a budget for this? I had a 2 weeks holiday there last year and only spent about $1500 on food, hotel, scubaing.. You might be able to save more there and reallocate to rings. 

Post # 3
Member
235 posts
Helper bee
  • Wedding: January 2015

In general though I think a picnic brunch is a lovely way to celebrate your marriage, I know plenty of other bees have done this before you to save on costs or to have something a little less traditional. 

Post # 4
Member
636 posts
Busy bee

Sounds great for a budget wedding! I do think $300 is low for alcohol unless you’re planning on people not drinking much. Also make sure you have at least $500 contingency in the budget because you WILL go over budget for something or another, or you will think of something else that you didn’t plan for. The honeymoon sounds really expensive to me though, there’s gotta be a way you can do that cheaper. 

Post # 5
Member
1072 posts
Bumble bee
  • Wedding: July 2014

I think a few of your estimates are rather optimistic, but it really depends on the area and your expectations. If a diamond is a large component of your dream ring cost, personally I’d just get a moissanite or something and upgrade the stone at 10 years if you feel the need. Weddings generally have a bunch of little expenses that can add up fast (things like undergarments, or extra decorations, transportation, crockery, etc.). Also bear in mind that many parks do not allow you to bring seating or tables, so make sure you check the rules for your area.

Post # 6
Member
155 posts
Blushing bee

Firstly, good on you for setting saving goals! Secondly, I’d agree with others that your wedding costs are a little optimistic and incomplete. There’s definitely one key thing missing – marriage licence and officiant.

Costs will vary from region to region but if you’re focus is on a low budget wedding then definitely hit the blogs geared towards that kind of celebration (young house love, 2000 dollar budget wedding, etc, etc). As for a honeymoon, $8000 could give you 3 weeks in Europe. SE Asia is increadibly cheap – even if you want to luxe it up. Check out tripadvisor to get a better sense of budget and how far your dollar will stretch. <br /><br />Finally, I’d agree with others about the dream ring alternatives – especially if you want to buy a house. Every extra dollar counts towards a smaller loan which economically will mean an even more outrageously beautiful ring at 10 years. If you can stomach this reasoning go for it. Otherwise splurge on the ring to save yourself stewing for 10 years about it 🙂

Post # 7
Member
3735 posts
Sugar bee
  • Wedding: September 2014

kikie.bear:  I think food and drink may be a bit low. Good beer and decent wine is pricey on its own. Unless you are going to do very traditional picnic foods, $1,200 may not feed 80 to 120 guests as well as you’d like.

I found that when I first started thinking of budgets, I had a very reasonable, sound figure. Then I started pricing things out and realized that I was grossly underestimating things. I would start putting your feelers out to get a firm idea of costs. What will the local bakery sell you 300 finger sandwiches for? What can you buy a case of champagne for? Will you need permits for the park? For the booze? How about renting extra tables and chairs and even a tent?

Post # 8
Member
455 posts
Helper bee
  • Wedding: August 2014

kikie.bear:  I think daytime weddings are lovely. With that said, I would advise you to avoid planning until you are actually engaged. Your boyfriend may end up wanting something completely different from what you envisioned, so it’s better not to get too attached to any one idea.

Post # 9
Member
6279 posts
Bee Keeper
  • Wedding: October 2013

 

kikie.bear:  i think it will cost you less than $8000 for your 3 weeks in asia.  i went to italy for 13 day and it cost us about $5000 and we went all out.  and asia is less expensive.

 

 

Post # 10
Member
6032 posts
Bee Keeper
  • Wedding: October 2014

$12/person for even picnic foods is incredibly optimistic, plus I have a hard time seeing such low amounts spent on the guests followed by a high-dollar honeymoon. I think it’s kind of cold to host your guests with the bare minimums only to turn around and splurge on yourselves.

Post # 11
Member
2150 posts
Buzzing bee

Horseradish:  I think it depends on what area she’s in.

We’re serving BBQ with three meats, three sides, cornbread, condiments, plastic plates and cutlery, for $12/person. We’re in Ohio.

kikie.bear:  You can’t forget about tipping your vendors. That could jack your budget up a good $500 possibly

Post # 12
Member
103 posts
Blushing bee
  • Wedding: May 2014

This sounds very low to me.  We are doing a beer and wine bar as well, soda’s and non-alcoholic drinks provided by caterer, and we’ve already spent about $600 on alcohol.  Our headcount came in at 86ppl.  We have kept the wine cost to around $10 a bottle, so nothing extravagant, but it still adds up.

I also had a $500 dress budget, totally doable, but I blew it on a $1300 dress… I love my dress and felt it was worth it.  So, keeping a budget is doable, but you have to be REALLY disiplined.

Post # 13
Member
6032 posts
Bee Keeper
  • Wedding: October 2014

MichiganGirl24:  it’s still not right to spend $1200 feeding a hundred people then spend $8k on yourself.

Post # 14
Member
2150 posts
Buzzing bee

Horseradish:  I never said it was right.

Just wanted to mention that feeding people at $12/person is possible, especially doing just a picnic style dinner. 

Post # 15
Member
6032 posts
Bee Keeper
  • Wedding: October 2014

$100 gift for each photographer is waaaay low. Photography is $$$$ and it’s pretty uncool to give them $100 or a $100 gift when they’ve saved you a couple grand. You also need to budget prints, framing, etc of those photos. If you’re not even engaged yet, how do you know all these people are willing to do all this work for you for free? Being a wedding photographer is really hard work and in lots of cases, if Ted is a close friend of the groom, Ted would rather be a guest than a photographer so he can enjoy the day.

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