(Closed) Budget Confusion!?

posted 9 years ago in Money
Post # 3
Member
4385 posts
Honey bee
  • Wedding: May 2011

we’ve included everything but honeymoon and rings into ours. i think as long as your comfortable with how much your multiple budgets add up to, you’re ok ๐Ÿ™‚

Post # 4
Member
27 posts
Newbee
  • Wedding: February 2010

I think budgets are fluid according to what type of bride/couple you are. Certain people want some things more than others. For me, it was all about priorities (grant it I am nowhere near done planning my wedding) but we have a budget and we are kind of going  by the percentages that I’ve heard (ya know 10% dress, 10% this 40% reception etc…) but the reality is some brides are going to be determined to have an expensive sit down dinner but no videographer and some are going to be ok with a buffet and a fabulous photographer. I dont think there is a right and wrong, its just important to know what your budget is and prioritize:) 

Post # 5
Member
599 posts
Busy bee
  • Wedding: September 2009

We tracked EVERYTHING. What we did to make it easier to input info and look at the spread sheet was use categories (like paper and decor, flowers, ceremony, reception, attire, honeymoon, etc) and then put the broken down costs in the appropriate categories.

So in the cetegory “attire” we included the dress, alterations, tux, accessories for both, shoes, socks, etc.

I think a lot of people don’t track every little thing, just the major stuff. But my husband and I are personal finance geeks and wanted to see how much the wedding REALLY cost us. Whatever works for you and your Fiance is what is appropriate, in my opinion.

Post # 6
Member
131 posts
Blushing bee
  • Wedding: August 2009 - Battery Gardens

I definitely did not include engagement ring, minimoon in our budget BUT we did include our wedding bands. I agree that every couple is different and is going to have a different sense of how to . There are some great sample budgets in the Real Budgets sections as well as by the Bees themselves that can be a good guide. I think the best thing to do is to set limits that you are comfortable with in each category.

Good luck! 

Post # 7
Member
2695 posts
Sugar bee
  • Wedding: April 2010

I’ve listed everything in our budget down to the cost of stamps to mail invitations, thank you cards, etc.

I did leave out the honeymoon and e-ring.  I did this because my parents and his parents are contributing to our wedding along with us.  I don’t want them to think they are helping to pay for our honeymoon and e-rings.  Which they aren’t, but if I had listed them in the budget spreadsheet it would appear that way.

Post # 8
Member
538 posts
Busy bee
  • Wedding: December 1969

We are including everything that we have to save/pay for into our budgets. The only thing not included is the engagement ring, since my fi already paid for it. But we are including all day of expenses, accommodations, honeymoon, wedding bands, rehearsal dinner, day after brunch, gifts for famiyl and wedding party, etc. sicne we really have to save and budget for these things. I don’t know if this is typical, but it”s how we have to plan for ours, if we want to make everything work. It’s a little overwhelming when its all down on paper.

My sister on the other hand, just included day of expenses, she did not include rehersal dinner, wedding party and family gifts, her dress and a few other things. She paid for things as she bought them then budgeted seperately for day of expenses.

There’s no specific formula, just budget what you need and what feels right to you.

Post # 9
Member
54 posts
Worker bee
  • Wedding: April 2009

We included everything in our budget except for the honeymoon – there was a separate budget for that.  In our wedding budget we accounted for costs such as bridal party gifts, gifts for our parents, hair, make-up, gratuities, the hotel room for wedding night – everything that was going to need to be paid for in order to make wedding day happen.

Post # 10
Member
1371 posts
Bumble bee
  • Wedding: August 2010

We tried to include everything except honeymoon and e-ring, but we definitely forgot some things while budgeting (decor extras, hotel room for wedding night etc).  I think it depends on how much flexibility you have in finances too; we’re really tight on budget so we needed to see where all of the money was going exactly.

Post # 11
Member
4001 posts
Honey bee
  • Wedding: June 2010

We included EVERYTHING we could possibly predict beforehand.  I have my own list of expenses (like I’m not gonna expect him to help with my spray tan or nails).  But from what we could predict, we broke it into 2 and then divided by the amount of months we have til the wedding and we added a little more.  I’m pretty sure we’re accurate but I’m not sure we’ll stay on “budget”.

Post # 12
Member
699 posts
Busy bee
  • Wedding: June 2009

We included everything besides the e-ring. We had a separate budget for the wedding, the dress (which my parents bought for me), the rings and the honeymoon. But esentially it was all under a certain number that we had in mind.

We actually ended up under budget for the wedding so we were able to spend more on the honeymoon and things we did there.

Post # 13
Member
1120 posts
Bumble bee
  • Wedding: July 2009

The engagement ring wasn’t included (I still don’t know how much that cost, as he picked it out), and the honeymoon wasn’t included. For everything else, I’m a little shame-faced to say that we didn’t set an actual budget. We decided to find the best deal possible on everything, and try to keep the total bill under $10,000. We ended up spending a little under.

Probably not the most responsible way to go about it, but it worked for us.

Post # 14
Member
672 posts
Busy bee
  • Wedding: November 2009

My engagement ring didn’t count, since I didn’t know he was saving/budgeting for it and I still don’t knwo what the cost was. 

We set a pretty firm budget with the amount we had to work with, but it didn’t include the honeymoon, wedding rings, or Rehearsal Dinner.  We paid for our honeymoon out of pocket, the Rehearsal Dinner is being paid for by his folks, and our wedding rings were super cheap so we just paid for them out of normal spending one month.  I just wanted a plain white gold band, and he’s wearing his late father’s ring, like $30 to resize. 

Post # 15
Member
530 posts
Busy bee
  • Wedding: November 2009

I’ve included everything in my budget bottom line: engagement rings, clothes, food, water taxi for guests — everything.

Post # 16
Member
1490 posts
Bumble bee
  • Wedding: December 1969

I think everybody budgets differently and the important thing is to account for expenses you need to plan for. Typically people don’t plan for, say, the latte they buy at Starbucks on their wedding day because $3 isn’t going to affect the budget. Now if you want a wedding ring a little more expensive than $3, I think that should go in the budget because it’s an item you need to plan for. If you have enough liquid capital that $4000 can be spent in one month without it affecting your monthly budget, it doesn’t need to go in the wedding budget. This is becoming wordy, oy. Sorry.

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