(Closed) Can we talk budget/timeframe of payments

posted 6 years ago in Money
Post # 3
Member
200 posts
Helper bee
  • Wedding: September 2012

I put down all the deposits at the beginning of planning so I could get that out of the way. I also bought things once a month. I had a list I went by. I also paid the last deposits towards the last months. I get married this weekend and everything is paid for and everything is boxed and ready to go. The only payments left are the make up artist and bartender…everything else has been paid and it feels good 🙂

Post # 4
Hostess
1427 posts
Bumble bee
  • Wedding: November 1999

It makes sense; but keep in mind that as you sign contracts with florists/photographers/etc. You’ll need to put down deposits.

Our photographer required a 50% deposit upon signing and then 50% the week before the wedding. Our venue took CC so we put it on the CC to get points. It was 50% down, and 50% at the conclusion since we had to factor in corkage etc.

Our florist was 100% paid in full the week before the wedding. Videographer was 25% down at signing, 50% at the wedding, and 25% at the delivery of the dvd.

Our live musicians were 50% down at contract, 50% week of the wedding (put on CC)

It really depends on when you sign up for your vendors and venues. Try to put on your CC to get points, but don’t go overboard…. we pay off our credit card every month.

Post # 5
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

I made a handy dandy spreadsheet that listed each individual item grouped into categories (Attire, Photography, Venue, Food, Details, Ceremony), then a projected month that amount would be due.

 

I found that the venue and photographer wanted deposits up front.

Then smaller items, but the bulk of it was due right around the wedding day – ie day of or two weeks prior.

 

Here’s an example of my wedding:

 

Here’s a screenshot of my spreadsheet that I created.  It’s very customizable, but you need to have some basic Excel skills to make sure your cells are summing correctly.  If you want a copy, feel free to message me your email address.

Post # 6
Member
2116 posts
Buzzing bee
  • Wedding: October 2013

Sienna… can you organize my wedding for me? LOL

Seriously, I envy your spreadsheet skills…

Post # 7
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

@inky_1:  I have an unnatural love for Excel!

Seriously if anyone wants it PM me with your email address!  I’m fixing up a generic one now to share.

Post # 8
Member
1116 posts
Bumble bee
  • Wedding: September 2012

Early on we put down deposits, for example when we booked our venue we had to put 10% down, when we booked the dj we had to put $100 down and the florist required 1/3 down payment.  However, after that the bulk is being paid within 4 weeks of the wedding with most of it being paid the day of.  But this is b/c the most expensive part is the caterer and they don’t require payment until the day of (crazy huh!?!?)  I guess they are very trusting!  The venue had to be paid in full 30 days ahead of time and the florist/baker had to be paid 15 days ahead of time.  But caterer, dj and photographer are paid day of for us.  It’ll all just depend on your vendors and their policies.

Post # 9
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

We put down deposits early – 33% photography, 15% venue, 10% catering, etc. We paid photography in installments (4 total) equally spaced till 2 weeks before the big day. Everything else was paid in full 2 weeks prior to the wedding. Nothing was paid day of.

It’s all dependent on your contracts!

Post # 10
Member
1477 posts
Bumble bee
  • Wedding: May 2012

Pretty much everyone we booked required deposits, but the percentages of the amount were all over the place. Our florist and winery hall required 3 payments, but most vendors were just 2 payments.

Post # 13
Member
479 posts
Helper bee
  • Wedding: August 2012

We did all our down payments at the start of planning… So my Hall was about 7,000$ and the day we signed all the paperwork we put down 500$ and then any where from 400-500$ a month .. And I would buy little things as time goes on, like if your out and you have the extra money to spend and u see something you need for the wedding just go on and get it. I had a Wedding box I placed our things in for safe keeping..

Post # 14
Member
1292 posts
Bumble bee
  • Wedding: January 2013

@sienna76:  uhhhmazing spreadsheet!

Post # 15
Member
3092 posts
Sugar bee
  • Wedding: June 2013

We pay all deposits up front and pay in full asap….hoping to have 50k budget wedding paid in full in the next couple months.  We’re putting everything on our miles CC and will hopefully get our airline tickets free if we rack ip enough miles.

 

a few vendors require pp counts so we have to wait for our rsvps to come back, additionally our DJ prefers to be paid after, and our baker doesn’t take CC so we sent her a check.  

 

The sooner the better in my book.

Post # 16
Member
2692 posts
Sugar bee
  • Wedding: November 2012

Like you I didn’t have all the deposits up front either (at first).  I booked my florist without paying her and we worked out a payment plan (alittle bit here and there every  month).  I paid her 10% to solidify the date a  few weeks later and have since paid the bulk of my bill.  I only owe about 20% still and that will be paid a few weeks before the wedding (and maybe the day of as well).

My photographer required just 15% down payment and then monthly payments.  I owe about $60 on my bill, which will be paid the week of.

Caterer required 50% down, the other 50% day of the wedding.  Dj wanted just 15% downpayment, the rest day of.

Out of my wedding budget, I have spent on deposits and other payments so far, almost 40%.  Still have a little over 50% to pay off. 

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