(Closed) Budget curiosity – Has anyone not bothered to set one?

posted 9 years ago in Money
  • poll: Did/do you have a set wedding budget?

    Yes! We're (mostly) paying for it all!

    Yes! And we're not completely paying for our wedding ourselves

    No, but I'm not too worried either

    Other

  • Post # 32
    Member
    2315 posts
    Buzzing bee
    • Wedding: May 2014

    We haven’t set a budget, because we’re still trying to work out how much wedding-related things cost. My parents have offered and are prepared to pay for the wedding, but we want to cover as much of it as possible ourselves. Having said that though, having the financial safety net of parental contribution is probably why I haven’t bothered to work out a strict budget yet. We’re preparing to move to another country in a month or so, and we’ll be booking our venue and vendors once we’ve settled down. 

    In the planning conversations we’ve had so far, I already know we’re going to disagree over so many things in terms of what’s most important. For example, I’m willing to splurge on a great photographer/videographer (I work in media, shoot myself and many of my friends are professionals in that field, so I care too much about having beautiful images to risk a cheaper photographer) but he thinks a few thousand dollars is an exorbitant amount to spend on photos. On the other hand, he is willing to spend much more on wine/champagne than I would care to (he works in F&B and is passionate about wine). I want beautiful invitations, he wouldn’t care less if we sent Facebook invites (shock, horror). So we’re kind of just working it all out as we go along, and hopefully will be able to keep our costs (relatively) in check.

    Post # 33
    Member
    76 posts
    Worker bee
    • Wedding: July 2013

    We knew we’d be able to save about $3,000 before the wedding and our parents combined are chipping in about $3,000 so I’m know I can spend around $6,000. But I’ve also been trying to keep everything as low as possible. Like I set my dress budget at $700, but only spent $325 with alterations.

    Post # 34
    Member
    1759 posts
    Buzzing bee
    • Wedding: August 2012

    We didn’t have a budget, per se, but DH had a number in mind that he didn’t want to go over.

    Post # 35
    Member
    4090 posts
    Honey bee
    • Wedding: August 2012

    I had some figures in my head that I was envisioning, but in the end we went over most of those figures – simply bcause we did not know what things cost!

    Post # 36
    Member
    188 posts
    Blushing bee
    • Wedding: July 2014

    We haven’t set a bottom line budget for the whole event either… however, on an item by item basis we have a figure on what we want to spend.  I am currently a bit scared to add up all of it in fear of the bottom line figure!  Thankfully, we both have pretty good income and both our parents have offered to help as well.  

    We are having a destination wedding, which honestly I thought was going to be so hard to plan, but everything has been going smoothly!

    We found an amazing venue that is only charging food cost (no venue fee!) and also allow us to bring our own alcohol.  I triple checked the alcohol part because I found it so odd but not totally surprised, small town in Europe.

    Anyways, so far on every single item we have come either at or below budget for each item. 

    I think it would be worse if a couple doesn’t shop around and be aware of what is within their budget. 

     

    Post # 37
    Member
    1311 posts
    Bumble bee
    • Wedding: November 2015

    @alotlikelove:  We took what we have in our savings and decided on a number less then half of what we currently have. This way, no matter what happens, we have the money to pay for the wedding ourselves.

    Wedding stuff here is uber expensive though. It’ll be interesting to see how well we do, but I fully intend to stay at or under or max budget.

    Post # 38
    Member
    5360 posts
    Bee Keeper
    • Wedding: October 2015

    @alotlikelove:  We have a vague idea of a budget and have big payments (venue, photographer, food, etc) planned out. I’m DIYing a lot of decor and stuff, so all that is just kind of “I’m using my extra money and this coupon to buy what I need right now”. I am keeping track, though, because I want to know at the end what I really spent. Mostly because I know a couple of younger cousins will be getting engaged in the next year or so and I want to have a realistic number to give them. I had people tell me “Oh, we had our whole wedding for 200+ guests on $4,000!” but really, that was just their venue and catering. That is SOOOO not helpful!

    Post # 39
    Member
    4835 posts
    Honey bee
    • Wedding: April 2013

    I didn’t set one.  I knew the ballpark of what the big items (food & drink) would cost and was fine with it.  From there I pretty much dealt with things as they came.  I was more concerned with whether I felt comfortable with the price for a specific item (ex. does this seem like a decent value for these centerpieces?) than managing to a total buget.

    Post # 40
    Member
    914 posts
    Busy bee
    • Wedding: October 2014

    we have set a realistic budget after a free consultation with a wedding planner. 

    In our area, local wedding would generally cost about $30K CAD.  His mom offered to contributed 5K – 10K but we dont want to ask for it now. I mean if she help, that would be great.. if not… , well we just have to suck it up. 

     

    If you don’t want to over spend, theare are some really good wedding budget template.  I found it’s super helpful, neat and easy to use. 

    This is the one I’m using now. Loving it. 

     

    https://docs.google.com/previewtemplate?id=0As3tAuweYU9QcHlVM3hrY2tocEkySUFRYmt1dlBITlE&mode=public

     

    After running around town, it sounds like our wedding expenditure would be add up to be slightly over 30K… more like 32-33K… With gift money (yay for being a Chinese bride), worst case scenario… I expected to collect about 10K (friends and family keep telling me it would be break even on food…we will see) 

    finger cross, that if his mom really will give us 5K, we just have to pull roughly 15-17K? 

     

     

     

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