(Closed) Spinoff: Budget as % of income

posted 5 years ago in Money
  • poll: What percent of you & your groom's after tax ("take home") salary did you spend on the wedding?
    Under 5% : (5 votes)
    5 %
    6-10% : (13 votes)
    13 %
    11-20% : (17 votes)
    17 %
    21-30% : (25 votes)
    25 %
    31-40% : (14 votes)
    14 %
    41-50% : (2 votes)
    2 %
    51-60% : (5 votes)
    5 %
    61-70 : (0 votes)
    71-80 : (0 votes)
  • Post # 3
    Member
    249 posts
    Helper bee
    • Wedding: May 2013

    We are probably spending close to 15% of our take home pay. I am not even sure how much is ‘recommended’ to spend on one’s own wedding. Like how there are guides to how much of your income should be spent on housing, etc. Is there a price range for a wedding?? Lol. Just curious.

    Post # 4
    Member
    11753 posts
    Sugar Beekeeper
    • Wedding: November 1999

    awesome, this will be very interesting, thanks for posting! 🙂

     

    Post # 6
    Member
    701 posts
    Busy bee
    • Wedding: January 2013

    Our wedding cost about 7% of our income. 

    Post # 7
    Member
    7431 posts
    Busy Beekeeper
    • Wedding: November 1999

    @kay01:  what’s the equation to get the percentage? Yearly income (post tax) divided by wedding budget? It’s early and I’m having a brain dart. And does budget include rings and honeymoon?

    Post # 8
    Member
    846 posts
    Busy bee
    • Wedding: August 2013

    right now ours is about 33%, but i am currently unemployed. if i had worked this whole year, it would have been more like 18%.

    Post # 10
    Member
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    Our wedding (also not including my e-ring or honeymoon, we got married while on that trip) came to 4.83% of our take home salary. 

    However, about $4k every month is taken off our salaries due to pre-tax retirement accounts, so my take home salary is slightly skewed.

     

    “what’s the equation to get the percentage? Yearly income (post tax) divided by wedding budget? It’s early and I’m having a brain dart. “

    (wedding $ / take home $) x 100 gets you the percent

    Post # 11
    Member
    3720 posts
    Sugar bee
    • Wedding: July 2013

    Ours is about 25% of our income. Our family is contributing about a quarter of the budget and we are good savers.

    Post # 12
    Member
    9057 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    We spent 28,000 including all rings and honeymoon, $14,300 without rings/honeymoon.  We made about $115,000 after taxes at the time of the wedding.  Our parents each gifted us $5000, but we’d didn’t change our $15,000 budget after we found out we had help.

    Post # 13
    Member
    2961 posts
    Sugar bee
    • Wedding: May 2014

    Well this post intigued me enough to get out Mr. Calculator and we are spending less than 4%!

    Post # 14
    Member
    647 posts
    Busy bee
    • Wedding: April 2014

    guys, i dunno how you count percentage, but in my mind it’s wedding budget multiplied by 100 and divided by income. it seems we’re spending 31% on our wedding – have to mention our income is incredibly low and the wedding is still a year and a half away.

    Post # 15
    Member
    642 posts
    Busy bee
    • Wedding: February 2013

    Our budget is 5%, but were not paying for the dinner portion, my parents are.  So 5% is not including the dinner. Our total budget is $4500 I guess

    Post # 16
    Member
    642 posts
    Busy bee
    • Wedding: February 2013

    @linssi:  You would divide your budget into your income, and you will probably get a decimal number. Multiply that by 100

    The topic ‘Spinoff: Budget as % of income’ is closed to new replies.

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