(Closed) How much did you underestimate your budget?

posted 9 years ago in Money
  • poll: How far was your first budget from your actual expenses/adjusted budget?
    we were pretty dead-on! : (2 votes)
    8 %
    we were a little off, but able to still cover the expenses. : (14 votes)
    56 %
    we were way off, and we had to make some serious compromises. : (2 votes)
    8 %
    we were way off, and made some major adjustments to our budget! : (7 votes)
    28 %
  • Post # 3
    765 posts
    Busy bee
    • Wedding: November 2008

    when we first got engaged, i was convinced i could do the entire wedding for $25K. 

    i could have gotten away with it but we wouldn’t have been able to include everything that we wanted. 

    we ended up doubling the budget – everything came to right at $50K.

    photography was one thing i really underestimated.  i thought we could get away with $3K but ended up spending $6k+.  

    we were going pass on the DJ and do an ipod playlist.  our coordinator convinced us to use her friend which was $1500.  so glad we did – everyone was on the dance floor all night and i didn’t have to worry about electronic mishaps.


    Post # 4
    796 posts
    Busy bee
    • Wedding: April 2009

    We plugged our initial budget number into the Knot’s online budgeter, which was similar to other ones I’ve seen. Unfortunately since we started planning the wedding, we found it was a good guide but we have had to move the numbers around. For example, it gave $150 for wedding day make up and hair. But in the D.C. area, you can barely get your hair cut and styled for $150 at an upscale salon, let alone do trials AND make-up. So, we went in hoping we would be able to stick to a budget but knowing it would have to be fluid.

    Post # 6
    203 posts
    Helper bee
    • Wedding: June 2018

    We ended up increasing the initial budget my parents had found pretty significantly to fit the venue we fell in love with. I did not ask my parents. They offered to do it because they loved the place as much as we did. The biggest shock I’d say was bands. I relied pretty heavily on the Knot budget tool and it grossly underestimated what you could pay for a band in the Philadelphia area. I think it also grossly overestimated how much I should pay on my dress etc. $6,000 for a dress is nuts. So, we were able to shift around things that way. It still is way more money than I ever imagined but we have huge families and wanted a city wedding…… Now with the recession I sometimes wish I hadn’t been so gung-ho about booking everything right away because I feel like I could have gotten a better deal. At the same time, we got the band discounted by $1,000, my photog is doing engagement sessions for us way less than his company charges, I waited to book a videographer (bc the one I loved was out of budget) and I got the one I loved at a discount. I’m getting my transportation cheaper because turns out my dad knows the owner of the trolley company I picked… So, I’m hoping in the end it balances out and maybe we are closer to that original number.

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