(Closed) For Bees who paid for their own wedding

posted 4 years ago in Money
Post # 31
Member
1498 posts
Bumble bee

We planned a little over a year. We put money into a high rate savings account every month, however much we could afford. We didn’t eat out and tried to keep grocery bills minimal. The wedding cost us about $35k I think. Maybe more or less. We had some in savings already but didn’t end up having to touch it. We saved enough by the time the wedding rolled around and even had some leftover.

Post # 32
Member
416 posts
Helper bee

First thing we did was set a budget. We will have a 14 month engagement and agreed that we were willing to spend 6 months worth of savings for the day (we had some pre-saved also but we didnt want to blow all savings). That budget didn’t include honeymoon or rings. 

Then we opened up a credit card with great sign on bonus. We were able to use the initial points bonus to pay for an international flight for our honeymoon and we get points toward travel for everything we spend for the wedding, which has helped save another $1k on honeymoon expenses. 

I have a separate wedding fund savings account and dumped out savings there. Even if I could pay in cash, I put anything I could on the card for points and then paid off the card in full at the end of the month from the savings account. 

Then I used the budget feature on wedding wire to break up the budget (adding in tax and tip to everything). 

The biggest thing we did to reduce costs was limit the size–we are trying to keep it to 80-100 people. Oh and I contracted my vendors early–all were under contract a year out. If you have the time to do that, it let me negotiate early booking discounts.

Post # 33
Member
462 posts
Helper bee
  • Wedding: September 2015

How long did you plan? 1.5 Years

Did you open a wedding fund account? If not, what did you do? Yup, Joint account that we both deposited a little from each of our savings to start and then a set amount from each payecheck. It has now become our joint account for home/everything after the wedding. Great practice at “our money” vs “my money”

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices? There were a lot of ramen noodle dinners hahaha. We cut back a lot onneedless things and even after the wedding we have not gone back to the bad habbit of coffees everyday and going out to eat all the time, new video games, it’s more of a treat now.

What were your money saving strategies? X amount from each paycheck goes into joint account period, no excuses! Pay in advence to get discounts. Got a joint CC to pay wedding bills and earned about $200 cash back in bonuses.

How much did your wedding end up costing? $15,000

 

Post # 34
Member
166 posts
Blushing bee

We are paying for everything ourselves and got engaged about a year and a half before the wedding. What has really helped out for me is I downloaded this budget app called GoodBudget that really showed me how much money I was spending and it’s been really helpful in assisting me with putting away money specifically for the wedding. Both Fiance and I have savings accounts and move money in there every month. There has been no significant change in how we spend the money other than I have cut back on things that I shouldnt have been buying anyways (eating out all the time, going to the movies every week etc.)

Post # 35
Member
935 posts
Busy bee
  • Wedding: September 2016

sunrise_beauty:  we began planning in August of this year, and we’re getting married September 2016 – so 13 months. We opened a joint savings account and each contribute a good amount from our paychecks. Our wedding will be costing us around $50k (but probably closer to 60k total). We’re really only able to do this because we both have good salaries. Our parents have offered to pay for some things here and there – probably adding up to 5-10k. 

Post # 36
Member
3457 posts
Sugar bee
  • Wedding: September 2013

sunrise_beauty:  

How long did you plan?

We were engaged 9 months, and started planning perhaps 3 months before that. I had a solid idea of what costs would be by the time we set a date.

Did you open a wedding fund account? If not, what did you do?

Not a separate one, but I had mentally earmarked the “wedding money” within my regular bank account. The wedding money was basically a combination of my tax refund from the previous year and the remainder of a salary advance I’d received to help with relocation costs. I paid for the wedding from these funds only. No one else contributed.

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices?

In a way, yes. I really wanted a new car, but I couldn’t have had both without sacrificing the quality of one or the other. So I held off and used other transit methods until after the wedding. I wound up buying the car 4 months after the wedding, so it all worked out. But I never cut into my actual operating capital (that is, no part of any paycheck I received during the planning period actually went toward wedding costs).

What were your money saving strategies?

This wasn’t really a strategy, but I dieted almost the entire wedding planning period, so I never ate out and saved on groceries in general because I was eating less.

How much did your wedding end up costing?

Somewhere between 12 and 14k, I stopped counting there towards the end. I took 2 weeks off without pay in order to take a honeymoon at the time I wanted, so that hit kinda hard when we got back.

 

Post # 38
Member
1117 posts
Bumble bee

sunrise_beauty:  

How long did you plan? A little under a year

Did you open a wedding fund account? If not, what did you do? No, we did not use any credit cards or loans, etc. We paid all payments with checks/debit cards from our regular accounts

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices? Yes, we didn’t eat out as much and I blasted through my personal savings but we have since built it back up.

What were your money saving strategies? I saved so much a week that went towards our wedding.

How much did your wedding end up costing? When all was said and done it was around 30-35 K (not counting rings or mini honeymoon).

 

 

Post # 39
Member
176 posts
Blushing bee
  • Wedding: November 2016

sunrise_beauty:  

How long did you plan?

We aren’t married yet, but our wedding is 1 year away.  We’ve been engaged for a little over a year now.

Did you open a wedding fund account? If not, what did you do?

We have a joint wedding savings account between my Fiance and I.  We put $600-$700 aside each week.  We have spent this year just focusing on graduating (which we have now done) and now that we are both starting our full time jobs we are saving for the wedding.

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices?

I have budgetted all of our money to make sure that all of our bills are taken care of (with a little to spare) and we have sufficient spending money between us both, and then the extra money will go into savings.  The only sacrifice is we wanted to go on holiday next year but since I am starting a new job I wont get leave until the year after now anyways, and we are trying to save everything so we have extra for a house deposit as well.

What were your money saving strategies?

Budgetting well, and sticking to that budget.  The plan is to stick $600-$700 aside each week for the next couple of months, and then up it to $1000 a week.  This should mean we will have saved the $20,000 for the wedding by May and then the rest of the savings through the year will go towards a deposit on a house when we’re ready to build.

How much did your wedding end up costing?

I have set up all the budget for the wedding, called up florists, venue etc and gotten final quotes from everyone now, so it will only come to $18,000, but the extra money will be for any emergencies (which will happen haha)

 

Post # 40
Member
20 posts
Newbee
  • Wedding: August 2016

My Fiance and I got engaged this past June and our wedding is set for the end of August 2016. So we will have had about 14 months to plan by the time the wedding comes. We started a savings plan a few days after we got engaged. 

We decided to open a seperate ‘Wedding Only’ checking account. We each deposit at least 15% of every paycheck directly into that account. We usually put in a little more than 15%. We do not take ANY money out unless it is used for something wedding related (deposits, decorations, etc.). We also decided not to pull from our personal savings to fund the wedding. As much as we want a beautiful wedding where our guests have fun, we don’t want to throw away all the savings we have on one day in case there is an emergency. So far we haven’t had to sacrifice much at all. We’re pretty good at not spending beyond our means and taking the 15% out before we do any extra spending.

So far our wedding is budgeted for between $14-15k and we should easily have enough money for our wedding.

Post # 41
Member
1556 posts
Bumble bee

How long did you plan?

About 8 months.

Did you open a wedding fund account? If not, what did you do?

We just used our standard joint account. Since the payments were made over the course of 8 months, we were able to keep our savings topped up as we went.

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices?

Nope! We had more than enough money in our savings account to cover costs when we got engaged, we just agreed that we would not let the account dip below a certain arbitrary figure. I don’t remember sacrificing anything big from our normal lives, maybe skipped a few brunches and dinners on fortnights where we’d put down large amounts of money on wedding expenses. I was probably less spend happy than usual on shoes, makeup etc. It was more about keeping our savings safety net topped up than the wedding.

What were your money saving strategies?

Not a money saving strategy per say, but agreeing ahead of time that we didn’t want to spend all of our money on the wedding, and sticking to it, really helped keep our spending in control.

How much did your wedding end up costing?

In the vicinity of 10-15k, excluding flights, rings and honeymoon. I will caveat by saying we had a destination wedding with only ten guests, which helped to keep the cost down!!

 

Post # 42
Member
86 posts
Worker bee
  • Wedding: May 2016

How long did you plan?

About 2 years. 

Did you open a wedding fund account? If not, what did you do?

Every month Fiance and I saved around 500-800 euros. We put this in a seperate bank account.

Did you have to sacrifice anything to save that amount of $? If so, what were those sacrifices?

Yes, save on groceries, less holidays and less going out to dinner. Also, skip birthday presents for each other and try to budget everything. Oh, and save on clothes, bags and shoes.

What were your money saving strategies?

See answer above.

How much did your wedding end up costing?

Right now it’s €12.000. However, I expect to spend around €16.000. I already overspend on my wedding band and venue.

 

 

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