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that really depends, if you have done it before and you know how much to spend and how much to buy, your budget would be set. But some caterers can charge a lot, but with the economy nowadays, you just never know if someone is willing to bargain. I would suggest that you start by getting a few quote from some caterers as a starting point/reference guide and make your decisons from there.
It would probably be cheaper for you or your family to make it...but that's not including the stress....I would rather pay a caterer to do it just because of the stress factor. You don't want to have to worry about that kind of stuff on your day.
Buying/making would be less but more time consuming on your end also it depends how many guest your having.. sometimes its just better to have it catered if you have a lot of people.
When we looked at doing a cocktail reception with appetizers for 75people it was cheaper (and less stress) for us to have a local restaurant do it for us. It really depends on where you are and how many people are coming.
If you want to DIY, do it the easy way--go to your fave local restaurants, get your fave appetizers in big platters, then do the setup yourself. Also buy a ton of veggies, fruit or cheese to make a couple of displays, and set out a couple of dips. Done! Good luck!
Making the food yourself sounds really stressful. Find a good local caterer / chef, not a big company, and discuss what they can do in your budget. Ours came out to $30 / person including delivery, setup, service, etc, etc, and he has promised to use local organic meats and vegetables. The food is excellent without being over-the-top fancy and we are having heavy hors d'oeuvres so plenty of options for vegetarians, gluten-free, picky children, etc.
Totally not worth it for you to do it yourself. You'll be so stressed! Hors d'ouvres and dinners end up costing the same, many times the hors d'ouvres end up costing more because of the labor put into it.
Catering is nearly always the most expensive thing on the wedding budget, taking up about 50%!
Though, a friend's friend of mine had a "pot luck" reception. Each guest was requested to bring some kind of a dish to the reception. I think the bride and the groom had a cute cake made and alcohol, but that was about it. It was a lovely, casual afternoon picnic and I heard it was very charming. You could do this!
Overall, if you are honestly looking to save on catering, either said Potluck reception, or just simply doing an afternoon wedding would save a TON of money!! Also, people don't drink as much in the afternoon (usually).
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I've considered having an all horderves reception if I were to get married and was just wondering if you'd think it'd be cheaper to buy/make all the food myself or have a caterer do it? I don't know too much about caterers is why I am asking.