Post # 1
I was watching Rich Bride Poor Bride and at the end I was floored at how much they went over budget. It brought me to wonder not necessarily how people go over budget but how they pay for the extras. I know I could probably go over $1000 (although I would prefer not to) and be okay (my budget is about $6K) and I know how much a person can go over reasonably depends on their actual budget. But these people had originally budgeted $42K and spent around $69K. I guess I’m wondering where people come up with an extra $27K (like I said, I understand that if you’re having a much larger, million dollar wedding, the $27K probably doesn’t seem like a lot but that’s 164% of their original budget. I was just wondering if anyone had any insight or also thought this was a lot to go over.
Post # 3
I think the way a lot of them pay for it is through charging up credit cards and HELOCs.
Post # 4
I would never go this much over. I’m sure I will go over, most brides do. The key is to over estimate how much you think you’ll spend on something. It’s also importatnt to keep tabs on your budget and adjust your money as you go. If something comes in over your estimate, you have to cut from another area. If you have a surplus, don’t spend it until you know specifically know where you need it
Post # 5
Credit cards… loans… money from parents… I know that show always baffles me too. I watch it so that I feel better about how much we’re spending!
Post # 6
Are you afraid that you will go over?
What helped us is keeping track via excel spreadsheet of EVERYTHING we spent on the wedding. Including things that we planned to reuse after the wedding. Even a couple bucks here and there, it adds up!
And the ultimate big way? Ask your Fiance’s opinion! Because he’ll know if something will truly be important to you the day of and after the wedding.
Case in point: I really really wanted those handmade “caricature” toppers that look like a cartoon version of you? But the average one is like $150!!! I hemmed and hawed and thought about it for months then asked my husband. And he told me straight out it’s a waste of money and would I really care at the end of the day? The answer was no. How’d I know? Because I didn’t try to argue him into it. If it was important enough to me I’ll fight for it. 😛
And how did those couples pay for the KKKK of extra $$$? I’m assuming crazy credit card bills.
Exactly! And the key really is to budget correctly from the beginning. If you allotted the budget for enough things you should be ok. But if something comes up that you really want you HAVE to take it from elsewhere in the budget.
Much like day to day life!
Post # 7
I just found out that a cousin of mine went at least 10k over budget (that’s how much she finally admitted to her mom, so likely much more than that), and it was all charged to a variety of credit cards. Because she’s young, she didn’t have credit cards with very high limits, so now she literally has a handful of credit cards that are totally maxed out.
Post # 8
@mandb122: credit cards and loans. Great way to start married life.
Post # 9
I’m not afraid I’ll go over. I’m just floored that people can go over by $27K. I know we’ll go over by a few hundred but I don’t anticipate more than that. I’ve totally compromised by my fiance and mom making me realize I don’t need every little detail. He seemed to try that last night but still somehow went over that much and they didn’t seem completely worried about it at the end.
Post # 10
Although I would not have felt comfortable or been able to go that much over budget, it honestly isn’t always very difficult for people to do and be able to pay for just fine.
For instance, someone might be able to afford a $20K wedding without any problem but they decide that they don’t want to spend that much money for a one day party so they set their budget at $10K. Planning catches up to them and they go “over-budget”, spending a little over $16K (the same percentage over as your example). Even at $16K, they are at less than what they would have easily been able to afford anyway so the extra expenses just aren’t that big of a deal.
Obviously not everyone who goes over-budget can easily afford it and not every smartly chooses their budgets either but just because someone goes over-budget doesn’t actually indicate that they are beyond the means of what they could easily afford.
Post # 11
Omg i watched it too!! I couldnt believe how much they went over!!! I can only imagine theres a lot of credit card debit in their future.
Post # 12
We went about $1000 over budget and paid for it over time. For instance, we made more money or paid off a credit card as our 12 month engagement went along and we gradually paid for things, like dress in September and cake in March. It’s not so tough to do with a couple thousand, but $27K? Ouch. That’s crazy.
Post # 13
It’s usually money from others helping. For example if your mom says that she will give you $5k and you budget that in but then you both find something that you just love and have to have and she agrees to pay for it.
My parents helped pay for our wedding and gave us a number that they were willing to contribute but since my mother and I did the planning together if we both found something we loved then she agreed to help. For us it wasn’t charging we were just very grateful for my parents during our planning process.
Post # 14
Ignorance is bliss! Horrible budgeting skills as well.
Post # 15
@roxy821: My mom has done that some too with mostly smaller things (plus my bouquet that I was grateful for). We just haven’t gone crazy with it and I know she’d flip on me if it was $27K extra.
Post # 16
some people can swing extra money if they have to i guess, for someone finding $1K might seem impossible where for someone else and extra $20K is doable – its still going to hurt but it can be done