(Closed) Did you make a profit from your wedding or was it a wash?

posted 11 years ago in Money
Post # 92
Member
6377 posts
Bee Keeper
  • Wedding: October 2011

An update to my post from 7 months ago… we did make a profit on our wedding. After our families contributions of roughly $7,500, we spent $6,000 of our own money and made a few grand more than that back in gifts. We are VERY thankful!

Post # 93
Member
850 posts
Busy bee
  • Wedding: September 2011

We maybe recouped 25% of what we spent on the wedding.  Granted we had a small wedding of 60 people (about 25 families or couples) and really splurged for stuff.  We received more than we expected as we set really low expectations. 

Post # 94
Member
1871 posts
Buzzing bee

Our wedding will cost about 25k. We will break even and most likely “profit” a couple grand. But that’s the way my culture works and it’s the norm to only give monetary gifts and with close to 550 guests you’d expect a lot of it. I’m also surprised at the negative attitudes on this thread. 

Post # 95
Member
1496 posts
Bumble bee

We spent $3,000 and received $300. No that is not a typo. Oh well, we didn’t get married to receive gifts.

Post # 96
Member
3358 posts
Sugar bee
  • Wedding: August 2011

We sort of did make a profit.  The wedding was paid for partly by us and party by my parents, (my parent’s portion being about 10% more than ours).  Counting all the money and value of gifts we received, it was way more than DH and I personally spent on the wedding and more than my parents’ portion of the contribution as well.  However, it was not more than the entire cost of the wedding.

We were pretty surprised and touched by people’s generousity.  All the money went straight into our house fund.

Post # 97
Member
3572 posts
Sugar bee
  • Wedding: May 2011

We received 40% of what we contributed and 30% of the total cost of the wedding. Each of our guests would have had to gift $370 for us to break even and there was no way I expected that to happen.

Post # 98
Member
364 posts
Helper bee
  • Wedding: May 2012 - Salvage One, Chicago

My parents are paying for our wedding so we will ‘profit’ from it.  Although I’ve considered giving them a portion of what we get…it feels like the right thing to do.  

Anyway, it will not be a wash, but might cover the catering and bar.  We’re inviting about 190 and when I go to a wedding I give at least $100, double if it’s my fiance and I, and most of my friends do the same.  Food and bev come to about 20K for us and most people try to cover their plate, even though I dislike that rationale. 🙂

Post # 99
Member
2294 posts
Buzzing bee
  • Wedding: August 2011

We made about 4 grand at our smallish wedding (about 70 ppl). Our parents insisted in paying for everything (we’re very blessed!) so I suppose you could say we profited…

Post # 100
Member
2933 posts
Sugar bee
  • Wedding: May 2012

Each guest would have to gift $192.30 to break even, so it’s safe to say that isn’t going to happen from gifts.

But yes, through the generosity of those around us, I imagine that we will be coming out ahead.

Post # 101
Member
2637 posts
Sugar bee
  • Wedding: October 2011

We had 200 people attend, got about $6000 in cash, and I have no idea how to estimate the worth of the other gifts… but the total cost of the reception alone came to 20,000. Thankfully, our parents helped out a TON with that, otherwise, we would have majorly lost money! (and would have had a much smaller wedding!)

Post # 102
Member
2515 posts
Sugar bee
  • Wedding: November 2011

I’m chinese and in my culture if you have a traditional wedding a profit is practically a given. However, we are having an american wedding, and in which case, a profit or even breaking even is a fat chance so no, the thought has not crossed our mind. We are just excited to throw the biggest party of our lives =)

Post # 103
Member
731 posts
Busy bee
  • Wedding: October 2012

We’ll probably make back what we actually put out, but not enough to cover the cost of the entire wedding. We’re getting a lot of help from his parents and mine, so we’re only putting out about 1/3 of the cost.  From what Fiance tells me, in his family weddings are a HUGE deal, and people are extremely generous.  We figure each guest would have to give approximately $150 for us to break even on the whole shebang- including what our parents are throwing in.  To cover what we’re throwing in, each guest would only have to give about $100, or $200 per couple, which is actually about standard in our circle. 

Post # 104
Member
1374 posts
Bumble bee
  • Wedding: October 2012

Frankly I have no idea. 🙂

Post # 105
Member
2896 posts
Sugar bee
  • Wedding: November 1999

Hmm, it’ll be interesting to see. I have no idea how Mr.ND’s family works (and my list is mostly family friends rather than family, many of them college/graduate age). If they gave $40/person, we’d ‘break even’ on the total, but Mr.ND’s folks are paying half, so if everyone gave $20/person he and I would break even.

I’m just excited to see everyone there, and I have no expectations as to what we’ll get. Although, we usually do recieve generous gifts on graduations (~1k-2k) so who knows 🙂

Post # 106
Member
579 posts
Busy bee
  • Wedding: May 2012

My parents are paying for most of my wedding.  I would’ve done it much more low key, but they want all the family to come and they want it to look a certain way.  So they’re giving us ~$15k, and we’re speding ~$2-4k.  We’re only having around 90 people, and everyone has to travel, so I would expect around $5k in gifts.  It’s possible we’ll get more than that, especially if a couple more well off relatives are particularly generous.  But I’m by no means counting on it.

We’re also spending $10k on our honeymoon, so I don’t think there’s anyway we’ll get near having it be a wash, much less make a profit.  But we’ve pretty much saved up all we need to at this point, so we’ll be able to buy a couple things (like a new king size bed) with the gift money and put the rest in savings.

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