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I've noticed on this board that some people appear to be spending a LOT of money on their wedding, and others not so much.
I'm wondering what's your budget, but not the actual amount (unless you want to share that) but what is the amount in proportion to your annual combined salary, so it's easier to figure out whether it's costing you a lot or a little.
For example - if you and FI make $50,000 and wedding is $25,000 it would be 50%
Our's is 10% - and not because we make a million dollars :)
That's a neat way of calculating it... I like it because people aren't asked to reveal actual numbers, and it takes into account how much it's proportionately costing
Without the rings, but including honeymoon, ours will also be about 10%. And we're not making a milion dollars either, haha.
Including everything everything: Ours will be 20% : a destination wedding in the Bahamas (including travel), our honeymoon at Disney, wedding rings (but not engagement ring), and an at home reception for 120 people.
Ours is 30% :(
Probably why my fiance keeps asking me to remind him why we're spending all this money on a "party" as he likes to call it. I hate that. ![]()
I meant to say - without rings and honeymoon. I don't consider those to be part of the "wedding".
I think it's more interesting to see how the budget compares to your salary, no matter who's paying for it, right? Like if we both make minimum wage, but my parents are throwing us an extravagant party, it's proportionately a really expensive wedding for our income. Correct me if that doesn't make any sense =)
Oh, and ours without rings and honeymoon would be 8%.
We aren't working ATM since I'm graduating from school, but after both me and my FI start our respective jobs, our budget will probably be between 7-10% of our annual income.
Yeah I've noticed as well that it seems like some people here are spending money left and right! It'd be kind of interesting to find out what the percentages are for the actual bees.
My fiance and I are paying for our own wedding completely. Our combined incomes are above average but we bought a brand new house almost 2 years ago and also bought a car a few months ago. We are spending around 23% of our combined income on the wedding.
Of our combined income (and FH is a student), we are spending about 30% of our combined yearly income. We are having a small reception of about 75 people or so, but each plate is going to be about 110.00 at the restaurant we chose. (Then plus other expenses... I'm sure you girls know how things add up fast!)
FI and I are still students but based off of what we know he will be making after graduation and what I think I will be making, we are spending about 35% of our income on the wedding. Which sounds like a lot except, we are getting help from our parents, the part that we are paying for ourselves is coming out of savings, and we will be making more money soon. It still makes me ill though...
His parents are paying. But, it's about 50% of our annual income.
ugh i wish i hadnt just done that math. we're about 35%... but my parents are paying for most everything.
I'm a grad student and he's a postdoc. Of our combined income, if my parents weren't paying, we'd be spending 50%.
35% and we're paying for it. I got a sweet summer job that paid me abou triple my usual student stipend, and between that and tax rebates is where the money came from.
Looks like we'll be at 8%. We are trying very hard to make this a nice but frugal event.
Our wedding will be about 15% of our income. We're paying for 1/3, his parents are paying for 1/3, and my parents are paying for 1/3.
We're both graduate students so it comes out to about 20% but my parents are covering most of it since we don't really have 20% of our student income to spare.
my parents are generous enough to be paying... my FI is in law school, and i am still trying to survive on my own, plus they sold their personal company this year, so they've very generously given us $30k and what we don't use we get to keep, it make us really decide what is truly important, and it's also inspired me to take on a lot of DIY stuff and really keep the budget trim for necessary things!
Our parents and we are each contributing equally. Considering that the FI is in school, our wedding will be nearly 85%(!!!) of our yearly income. Craziness.
we're payin for both ourselves... our hawaii wedding is a mere 5%; however, our church wedding & formal reception is at (yikes!!) 60% ... thankfully, that shiot isnt until next august and we've already been paying it off a little at a time...
all our vendors are accepting monthly installments so by the time next aug rolls around, we will be done done and done...
I just figured out our sum and I was VERY scared to see some of the figures as low as 8%. My fiance and I are paying for our entire wedding ourselves. Ok, so I am paying for it myself since my fiance is in gradschool at Yale and barely affords his rent. So, our number is closer to 35% of our combined income... otherwise, it is roughly 65% of my income.
Meanwhile, my clothes have holes in them... and we are doing the rounds for free meals!!!
Ours is 30%, which includes his ring but not mine....and it doens't include the honeymoon.
What an interesting question! We are paying for our own wedding. Not including a honeymoon (which we may or may not take) and rings (which we've had for a while), it'll be about 12% of our income.
Not including our honeymoon and rings, ours was 3% of our income. We kept it simple and intimate. Couldn't be happier with the wedding we had.
Lets see here.. If we were paying for the whole thing ourselves it would be about 15% of our combined income (we are both teachers).
However, my parents are paying for the reception and his parents are paying for flowers, cake, photographer, and DJ. I think my parents are contributing about 4% of their annual income and his parents are contributing less than 1% of their annual income.
We are paying for all the extras (including my dress, honeymoon, hotel, favors, etc...) at about 2% of our combined income.
our budget was originally 8.3% of our income....but we've adjusted it to 10.5%.
no more than that! its hurting my feelings to do that much!
yikes! ours is 30%! if it weren't a party for our parents though... it would probably be more like 10-15%! :)
My parents are paying for most of our destination wedding but it would be about 20% of our combined income (not incl. wedding rings, e-ring, honeymoon, rehearsal dinner, and random items).
His parents are paying for a welcome home reception, partial rehearsal dinner, and honeymoon. I'm not sure what their budget is, but I would think it's about 10% of our combined income.
My parents are paying, but if we're actually comparing to our combined salary (including my piddling graduate assistantship) it would be 53%. If I estimate our earning potential by the time we actually get married, 2 years, it should be more along the lines of 18%.
Well, you all make me feel much better about every check I write. What a clever way to think about the budget! Ours comes in at about 6%.
We both make good money, and I suppose could technically spend a lot more, but FI's son will be starting college next year, so we are also looking at spending around 12% of our combined incomes on tuition (Gonzaga, Go Bulldogs!), starting about six weeks after the wedding. So that really controls our idea of what we can afford to spend.
I hear you on the "party for the parents" thing. We had a nice little guest list of about 50; parents (mostly mine) are responsible for another 110. We initially told them we really couldn't afford to have the kind of reception we wanted for that many people, and so couldn't even consider it. Apparently mom couldn't actually consider not having all those people, so she and dad are footing most of the bill. Which in one way is really nice of them - and in another way is mostly really annoying, since we didn't want this big party anyway. Oh well. Today is one of the days that I really wish we had just said "Thanks, but no thanks!"
I am working right now, but my FI is a grad student. We are getting probably about half the costs covered by family members, but the total budget is about 28% of our (that would be my) income. Yikes.
We've both been out of school for a while and making a good amount, but the higher wages are mitigated by the high cost of living in the bay area.
Doing the math, our budget is coming in 10% for a family wedding of roughly 60. FFIL is paying for the reception venue, as it would have blown our budget. Doesn't hurt that it is literally walking distace from their house!
About 15% of our income.
Thank god my parents are paying for our reception, my dress, and the flowers.
We have to pay $500 to fly his mother and sister up from florida and house and feed them while they are here. ugh.
Then we add on a honeymoon for 2% of our income. It's a big splurge, but we figure if we don't do it now we never will.
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