(Closed) How do you make a wedding budget?

posted 6 years ago in Money
Post # 3
Member
3357 posts
Sugar bee
  • Wedding: May 2012

you should have an idea of how much you’re willing to spend on something, and then research your vendors 🙂 adjust the budget accordingly, or cut corners on other things.

Post # 4
Member
212 posts
Helper bee
  • Wedding: August 2012

The Knot has a really nice budget tool that allows you to put in your budget and then it breaks it down for you on how much you can allocate to each item to stay on budget.

Post # 5
Member
51 posts
Worker bee
  • Wedding: March 2013

I’m also busy finishing up my undergrad and hoping to get a job next year in Jan!

When we got engaged we had a budget until I TOTALLY lowballed the costs. So we decided to check prices now and then in January we will have a better picture of what it costs and what we can afford.

Post # 6
Member
59 posts
Worker bee
  • Wedding: April 2012

Me and my husband used http://www.google.com/weddings. They have many templates for all aspects of wedding planning but the budget part was SOOO helpful. We put it what we were willing to spend total and it broke it down by the average percentage of the total budget that most people spend. for example: Bride’s attire is about 10% of a budget. We then changed a few things around – like added more to things we cared more about and took away money from things we cared less about. 

Post # 7
Member
986 posts
Busy bee
  • Wedding: November 1999

I was shocked at some of the things that i didn’t expect.   I found the knot website helpful and bought a wedding planner book.  I thought i could do it all for $8,000, we are now around $25,000.

 

 

Post # 8
Member
3078 posts
Sugar bee
  • Wedding: October 2012

@MrsTimmy:  My jaw literally just dropped.  Where do you live?  That’s crazy!

Post # 9
Member
243 posts
Helper bee
  • Wedding: September 2012

I use excel, and like a nerd have a projected budget column, actual price, deposits we have paid. It sort of evens out- if cake came in under budget but dress was over etc etc. so far the spreadsheet has sor tof been evening out… thank goodness!

Post # 10
Member
32 posts
Newbee
  • Wedding: May 2011

My planner told me to do this when I was planning…

The best way is figuring out the total budget you have then picking your 3-5 things you can’t skimp on & figure out what you want for those 3 things. 

For instance for my wedding it was:

1. Photographer

2. Videographer

3. DJ

4. Planner

5. Lighting

I figured out how much those 5 things were going to cost me of my total budget (which ended up being 75% of my budget) then I had to budget whatever was left for the rest of the wedding. I know I couldn’t live without those 5 things though and I would be willing to compromise on everything else. 

Also, you need to rank your top 5 in order of importance. I got the exact photographer I wanted but it meant I didn’t get as much in my video package as I wanted. It also meant I couldn’t get full-service planning and had to get month-of planning & I got less uplighting than I wanted. I still got the vendors I wanted back I had to compromsie on packages to get as much as I needed in rank of importance. 

Hopefully that helps! Budgeting is VERY hard!!

Post # 11
Member
1866 posts
Buzzing bee

I agree with other bees that the Knot has a very useful budget tool.  You should figure out how much money you’re going to have to spend on the wedding (what you have saved, what family members might contribute, etc) and then create your budget from there.  I will tell you though, that everything adds up so quickly.  Initially my FH and I thought we could do 50k (we live in Chicago) but the overall cost has definitely surpassed 60k at this point.  Fortunately we have enough of a cushion that we’re not going into debt for it!

Post # 12
Member
131 posts
Blushing bee

I would see how much I am willing to spend on the wedding and adjust the cost for the items according to that budget

Post # 13
Member
300 posts
Helper bee
  • Wedding: July 2012

Definitely do your research and I agree with other bee’s cut corners if you need to. I didn’t really budget properly at all and kind of just started picking out things and ordering them and now my wedding that I was hoping to do for $20,000 is reaching the $33,000 mark…

Post # 14
Member
470 posts
Helper bee
  • Wedding: October 2012

figure how much money you make a budget  and then add 2,000 or so to that cause sometimes a budget will go over 

budget tools help you see what you need to spend money on and what you already spent

http://planning.theknot.com/wedding-budget/

Post # 15
Member
2692 posts
Sugar bee
  • Wedding: November 2012

You should see how much you can save towards your wedding each month by the time your wedding day rolls around and then have that be your budget then shop around for vendors within your budget.

I did things backwards.  I got a taste of what vendors were charging first and then went from there.  I had a budget in my head of what I could aford and what I was comfortable spending for one day on my wedding.  I researched vendors in my price range and then made the budget work for my venue and guest list.  I laid out how much I wanted to spend on each item for the wedding and tried to either get a lower price or come in right on point.  

Post # 16
Member
584 posts
Busy bee
  • Wedding: October 2013

When I got engaged, I thought about what I could set aside each month, and then did a rough est on my tax returns and figured and Idea from there. I mainly figured out the BIG things the Church, Venue, DJ and Photographer, I Fig I would make the Center peices, STD, Invites and Center peices. Only have to fig gifts, Buquets small stuff. Nice part is I didnt fig out what he could budget, so when we get a house that will help. I dont have to depend on the our money aspect

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