Post # 1
I am feeling very accomplished today! I have finally saved enough for our June wedding. Our wedding will cost about $17,000 (this is for everything for our 50-60 guest wedding… includes rings, dress, hotel for night before and night of wedding, hotel for best man, and clothes for our wedding party of 7, and hair styling for the girls… ).
It took me 10 months to save (I had a few thousand to start with already in savings when he proposed) and we have no financial help from our familes.
It’s been very stressful. My fiance and I had decided that it would be best if he put all his money towards his student loans (crazy high), and I would pay the bills and save for our wedding since I had the larger income. Every extra penny I could have possibly squeezed out over the last 10 months has gone towards this wedding (plus fiance sold his car for $1300 and that money went towards the wedding – it needed a new transmission and could not afford repairs).
I’m so glad the wedding saving is over and I can feel better knowing that all money that is saved from this point forward will be going towards our first home and babies! 10 months felt so long and can’t help but feel silly for putting so many working hours and money towards 1 day!
For anyone just starting to save or are having trouble saving, my biggest piece of advice is to use automatic saving in your bank account. Every weekday (Mon-Fri) I had $40-50 automatically transferred from checking to savings. It deterred frivilous spending and once it was in savings I didn’t touch a penny of it. On top of that I would throw in extra $$ whenever I could afford to.
How long did/will it take you to save for your wedding? (Assuming you are paying cash and not using loans/credit cards)
Post # 3
We are saving for a year together, he moved in with me and my parents so he can save more, so we will save a lot. But I already had a fair amount to begin with. We just want out dream honeymoon to Europe and a house deposit too!
Post # 4
We planned ahead specifically for this purpose. Orginally, we were going to have our wedding in 2013.. but we changed it to 2014, so we can have everything paid off before then.
Right now, our current budget is $19,000 – this price includes everything, including the honeymoon. [it was $22,000 but I got some REALLY great deals on venue/ceremony space, so it brought our total down. It could go down further based on any other deals I find].
We’ve been at it for 2 months, and we have 23% of it paid off.
The plan is to have everything paid off by the end of this year, so next year we won’t have any money woes.. and we can sock all of our money into savings for a downpayment on a house just before or after the wedding.
By January 1st next year we won’t have to worry about ANYTHING except maybe taxes & gratuity, or little forgotten things!
Post # 5
We’re just paying stuff off as and when. However, the depressing truth is that we could not have afforded our wedding without a big cash injection from an inheritance I am waiting for. Without that, we would have had to get help from relatives to pay for about 50%, which is really sad, especially seeing as we are DIYing EVERYTHING… buffet, cake, decor, linens… the lot…
I also remember how long it took me to save up the downpayment on my house. When I started working at 17, I put part of everything I received into an account which would one day pay for a house. Everything went into that account, which was absolutely sacred. Eventually, I saved 10,000. It took me ten years, which says less about my ability to save and more about how much I have spent my life earning (I’ve never earned over 14,000 a year in my life). Fiance also managed to save 10,000… it only took him a little over two years. Anyway, we have the house now, at least. We decided to get that before getting married.
Post # 6
Our wedding is May 2014 and I’m currently saving $500/month to put toward our wedding. We’ll have it paid off around June 2013 but I’m going to keep saving to have a little extra in the bank 🙂
Post # 7
@jenilynevette: That is awesome! Sounds like you’ll be done saving in no time.
You will definitely appreciate the no money stress in 2014. Our finances really strained me (especially with me being 99% responsible). I am going to spend the next 4 months just enjoying planning all the small details now for our wedding, having the comfort that every penny for it is sitting in the bank. That is something I just have not been in the mindset to do yet because everything I looked at just meant more money I’d have to save.
Post # 8
We’re trying to put away $400 each month (each.) We dont really have a an ending money goal though, we just know that we dont want to spend more than $6000 on the wedding. If we stick to our $100 a month goal we should have at least $5000 extra to get us started with a savings plan when we’re married.
Post # 9
I graduated from nursing school December 2011, started working as a nurse March 2012 and for the most part my salary gets saved up (minus student loans, my credit cards that only get gas put on them, and my new car I had to get in May) and I’ve paid the majority due to my fiancé already owning a home and paying for everything on his own and for things for me too. He’s put in probably close to $4000, I’ve put in around $10000 so far. We’re inviting about 150 guests and it’ll probably be close to costing about $25000 in the end. Ugh. At least I know now I can save a lot of money up so we can get a downpayment for a house next year.
Post # 10
@maganda: Yeah, I hope we are done with everything by September – would like to have our budget free for Christmas, but if it’s not we’ll manage!
We really didn’t want to put ourselves in a financial bind, you never know what could go wrong, and if for some reason alot of things break down, we’d be screwed if it was October ’13.
Post # 10
All in all we’re spending about 25k including rings, honeymoon etc (no rehearsal dinner since that isn’t customary here). Whilst we’re not paying for all of it ourselves we are paying for about 20k or so (our families haven’t given a specific amount yet, we’ll possibly end up paying less than that). However we’re budgeting to be able to pay for everything in full just in case we need to and the money that is left over we will use to buy me a car. We’re spending about 13 months saving 25k which means that deposits aside (as well as previous things we’ve bought) we’ll be saving about $1550 a month. I’m a student and we’re already paying for a house, bills etc, so we’re basically living off this salary otherwise we could save that amount in a lot less time.
Post # 11
We saved $400 a week each for three years before we got engaged and have now bought the ring, a house, paid for our wedding and our honeymoon 6 months out from the wedding 🙂
The ring was $7500, house $40,000 downpayment, wedding $25,000 and honeymoon $8000.
It meant living in a pretty awful flat for several years and we went without A LOT of things but it’s all worth it now!