Post # 1
A bee made an interesting point in another post, that perhaps a better comparision between budgets is to compare them as a percent of income. Per a suggestion by another bee, I modified this poll to be total income not take home pay. While it doesn’t account for different tax rates in different countries, it can be easier to calculate. I’ve also modified the poll options to tease apart the most popular categories.
How to calculate:
(Wedding Budget / Yearly income) * 100 = X%
Again, to keep this as useful as possible, if your parents largely paid for it, please refrain from voting – maybe in the comments guesstimate the percent of their take home pay (pretend perhaps it’s one set of parents paying and average salaries if need be).
Post # 3
It was pretty much a 50/50 split between us and our families (so more like 50/25/25), but I worked it out based on our salaries.
Post # 4
It’s hard to say because we came up with a number we were comfortable spending on one night and we anticipate getting help from both our parents. Our number is $15k. We anticipate getting $5k from each set of parents and putting in $5k ourselves. We might actually get more. We might get less. Right now, FI is unemployed, but he should be getting a job soon. Even without any financial help, our budget would still be $15k. That would be about 30% of my income alone. But, with him working and getting paid the same, it would be closert to 15% of our total income. So.. I don’t really know which option to pick lol..
Post # 5
Ours will probably come to about 30% of our combined income, but that’s because I went back to studying last year, so our income dropped pretty significantly. Good thing we’ve got plenty saved up!
Post # 6
@futuremrsk18: Same here. I came up with a budget I could afford and started booking/paying for stuff. Then my dad volunteered to pay a bunch of it. But the wedding would have stayed the same cost even if he hadn’t. So i think my response is still relevant, although the OP doesn’t seem to want people who have parents assisting to participate.
Post # 7
@kay01: Should this include the price of the wedding band, e ring, and honeymoon, or just the wedding itself?
Post # 8
2.44% of our gross income, excludes my e-ring and honeymoon
Our take home is highly affected after removing 34% pre-tax for retirement each month then the taxes are applied after that. So our take home is actually 49% of our gross. We are in the US.
PS – I love Excel!
Post # 9
@kerensa: I would suggest including wedding bands, but not engagement ring or honeymoon.