Cost of wedding vs income

posted 2 weeks ago in Money
Post # 2
Member
863 posts
Busy bee
  • Wedding: March 2017

Around 10% at the time. But I was living at home and did not have to pay bills so most of my paychecks went to my savings for the wedding.

Post # 3
Member
589 posts
Busy bee
  • Wedding: May 2018 - Farm

zzar45 :  We didn’t approach our wedding budget in regards to cost of wedding vs. income. What we did was researched the cost of weddings in the area that we wanted to get married in.  For example, we got quotes from different vendors to determine how much it would cost to have the wedding that we wanted. If we had to do it based on your question then it would roughly be about 10% of our income. We used those estimates to determine our overall budget.  We both had savings already but we decided to save up money throughout our engagement to cover the wedding expenses. So we are having a 2.5 year engagemen  and getting married in May 2018.

Post # 6
Member
885 posts
Busy bee

Roughly 6% of our combined annual gross. I’ll admit to making some extravagant choices, but luckly FH wants to keep it really small. 

Post # 7
Member
589 posts
Busy bee
  • Wedding: May 2018 - Farm

zzar45 :  Gotcha. Yes, its around 10%. 

Post # 8
Member
863 posts
Busy bee
  • Wedding: March 2017

We did have a much smaller wedding than most (less than $10,000, but with honeymoon probably that much or more). My DH was in the military at the time so he got allowances (food, housing, etc), so it’s kind of hard to say what his actual “income” was, but I calculated it without his allowances and just with his base pay. Our actual % probably is a bit lower with those figured in.

Post # 9
Member
4294 posts
Honey bee

zzar45 :  total value of wedding was about 25% of our income at the time, but due to contributions from family and a friend we paid closer to 11% of our income on the wedding. We owned a house and have since gotten large raises so I dont regret a penny we spent!

Post # 10
Member
183 posts
Blushing bee

zzar45 :  The total cost of our wedding in relation to income is about 10%, but after parental contributions, what we are paying is closer to about 6% of the costs ourselves.

Post # 11
Member
8878 posts
Buzzing Beekeeper

0%.

IMO percent of income is not a good barometer of affordability. A better question is can you afford to pay for a wedding and still have emergency savings to last the better part of a year? Can you continue saving toward important priorities such as savings or home ownership? Do you have children whose needs and future needs ought to come first? Do you have other debt? 

Post # 12
Member
146 posts
Blushing bee

Not engaged (yet!) but based on our discussions I think we will be spending about 10% of our income

Post # 13
Member
41 posts
Newbee
  • Wedding: November 2018

We’ll be at about 15% of our income. It’s equivalent to about 10 months of mortgage payments, which is kind of disgusting but we wanted to splurge on the food, drinks, and location as we think that matters most to our guests.

Leave a comment


Get our weekly roundup of the best of Weddingbee.
I agree to receive emails from the site. I can withdraw my consent at any time by unsubscribing.

Find Amazing Vendors