(Closed) Cost of wedding vs income

posted 4 years ago in Money
Post # 61
Member
1511 posts
Bumble bee

this is very interesting. There was another thread about budgets and majority of people said that their wedding costs between $25k-35k. some less and some well over $50k. According to this thread it’s about 5% of income. I think I need to move to america to make some money. (yes I know that there are different people reaponding). It had been mentioned by pp and others in other threads, it seems like bees have higher income than average person and that should be remembered when talking about how much savings a person should have etc.

Post # 62
Member
638 posts
Busy bee
  • Wedding: November 2017

Between 5% and 10% depending upon if you factor in the rings and my dress. We have no debt and are using our savings to pay, plus whatever mom and dad decide to kick in to help. We discussed having a big wedding but ultimately decided to start our marriage debt free. Our venue has a 40 person capacity.

Post # 63
Hostess
5045 posts
Bee Keeper
  • Wedding: November 2016

Ours was about 30% of our income, but it was gifted to us by my parents.  We paid the amount we went over, which was 4% of our income.

Post # 64
Member
2498 posts
Buzzing bee
  • Wedding: September 2018

Around 25% I would say, that’s including the honeymoon and wedding bands and all extras. But, our engagement is (was?) 20 months so we spread the costs out over close to 2 years.

Post # 65
Member
27 posts
Newbee
  • Wedding: October 2017

About 25%, but with parental help, around 15%. 

Post # 66
Member
3536 posts
Sugar bee
  • Wedding: June 2016

Less than 1%, including the honeymoon. We kept it simple, easy, and cheap.

Post # 67
Member
5866 posts
Bee Keeper
  • Wedding: April 2013

If I recall our incomes from that time correctly, it was about 12%.  But my parents generously paid for signifigant part of the wedding, so the portion we paid for was more like 3%.  And then that was more than covered by gifts.

We are very fortunate, both in that we had solid jobs and in that we had incredibly generous support from family.  

Post # 68
Member
83 posts
Worker bee

I don’t really like the percent of income approach. I just got a figure that I felt was reasonable to spend and went that route. Which was only $1000. lol I decided not to have a ceremony, but just a courthouse wedding and then invite our closest relatives to a very nice dinner at a restaurant. 

Post # 69
Member
822 posts
Busy bee
  • Wedding: September 2018

Total cost of our wedding is about 25% of our combined incomes.  But with contributions from our parents we are paying more like 17%.  We are both living at home until we get married so that helps lol.  We also started paying for things 2 years before our wedding date will be.

Post # 70
Member
7981 posts
Bumble Beekeeper

We haven’t actually done a final tally, because we had a few less people than we budgeted for so it came in under budget. But I’d estimate about 22%-25% of our combined incomes. It wasn’t too bad becasue we had an 18m engagement and got to save up during that time and also used savings. 

TBH when we were budgeting/adding everything up, no one thing seemed THAT expensive, but somehow when we added it all up it was! 

Post # 71
Member
1087 posts
Bumble bee
  • Wedding: October 2015

My husband got a nice thank you bonus for working on a merger deal so we took that full amount and paid for the wedding, he didn’t give me a limit but I knew what he was getting so made sure to stay within that budget for a destination wedding in Jamaica. In total we spend 8% ($18750 including lodging and airfare) of his annual salary, but I wanted a courthouse wedding while he wanted a big wedding! I would have preferred putting that money toward the house we built a house year later…

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