(Closed) How much do you make a year? What is your budget?

posted 8 years ago in Money
Post # 18
Member
6375 posts
Bee Keeper
  • Wedding: July 2013 - UK

I make around £12K, and we will end up spending just over £11K on the wedding, without going into debt.

Post # 20
Member
1899 posts
Buzzing bee
  • Wedding: November 2013

@MrsLevell2Be: 

In NYC/Northern NJ area, ONE person has to make $150k just to be considered middle class. The two of us together make just a little over that combined hence low class/poverty level. I hate NYC/Northern Jersey for this reason and can’t wait to move out once done with school.

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@erinbacher:  

What I said above (Sorry! Have hard time typing and replying on phone!), plus I also have student loans – lots of student loans. Costs money to make money, I say. 🙂

Post # 21
Member
1727 posts
Bumble bee
  • Wedding: November 1999

At the time we were married two years ago our budget was about 8% of our gross income. This did not include rings or the honeymoon.

Post # 22
Member
518 posts
Busy bee
  • Wedding: June 2013

We make approximately 180k a year between the two of us (evenly split). The wedding will be about 45k.

Oh and we are paying 100% ourselves, no help from family.

 

 

 

Post # 23
Member
1762 posts
Buzzing bee
  • Wedding: May 2014

We make $155,000 combined. We are aiming to keep it below $6,000 (not including rings and my dress).

ETA: We will be waiting six months or more before we take our honeymoon, and that will be a completely separate budget altogether. 

Post # 25
Member
5 posts
Newbee
  • Wedding: September 2014

I guess I’m replying to this late, but my fiance and I make roughly 45K combined, and we’re buying a house (closing on June 7th) so we don’t have much room for a costly wedding….minus what my parents are going to help us with, we’re going to try to stay under 2k – cutting on things such as a wedding dress (found an amazing one from David’s Bridal, just needs to be drycleaned, for $30 at Goodwill!!) definitely budget conscious, but it’s become fun trying to hunt for good deals and DIY almost everything. good luck!!

Post # 26
Member
343 posts
Helper bee
  • Wedding: May 2014

We just had a budget talk as well. Total earnings doesn’t really matter as much as how much you are comfortable spending without putting yourself into debt. We earn over six figures but also have a little bit of school debt that we want to pay off before children come into the picture and are planning to buy a home/move in together sometime over the next year. Obviously we want to have a nice wedding but we have other financial priorities as well.

 

Which for feeding over 200 relatives at a per head rate for a sit down dinner and open bar it is going to add up quick! Approx $5K in food/drink alone. We are lucky to have a free venue at my parents’ farmhouse but we have to truck in EVERYTHING – tents, tables, chairs, linens, you name it we have to create it. Based on a boring Excel spreadsheet that I made for estimated costs we were thinking it would be awesome if we came out only spending $15K but would probably wind up somewhere in the $15-20K range.

Post # 27
Member
422 posts
Helper bee
  • Wedding: September 2013

We both make about $85,000/ year and our budget is under $15,000 – I’ am paying for alll the wedding stuff while Fiance makes all the bill payments. It’s working out well bc we both have stress of money spending but its not both bills and wedding, its one or the other

Post # 28
Member
787 posts
Busy bee
  • Wedding: May 2014

Together my Fiance and I make less than $25k a year. We are spending $2k on our wedding. My parents are paying for most of it ($5k).

New Jersey is expensive so our money does not go far. We basically live paycheck to paycheck.

Post # 29
Member
1878 posts
Buzzing bee
  • Wedding: March 2014

@MrsNewDay:  That strikes me as strange… in NJ, a family of four making below $22,811 was considered poverty level in 2011. Median income for the entire state in the last few years has hovered around $70,000… that’s the average of all the incomes in the state.
I don’t think it’s possible to make twice the state’s median income, yet be at the poverty line at the same time.
Maybe be at the low end of middle class in a certain area, but that’s not poverty.

We aren’t considred poverty level, and we live in Bergen county.
We make about $70,000 combined, and we live fairly comfortably.
Our wedding budget is $20,000, but that is because Fiance wanted a big wedding. I think that’s a lot, but I’ve given up on that stance – it is what it is. We’re paying for it together.

Post # 30
Member
1 posts
Wannabee
  • Wedding: July 2014

hi girls! I am Brazilian and I live in Brazil. Here the wedding market is absurd. They exploit our sonhos.Eu and my fiance won on average R$ 50,000 per year (which would be around $ 22,000 per year). Our wedding is coming around R$ 75,000 (which would be $ 32.500 per year). I am organizing the wedding for a year and if I in July of next year 🙂

Post # 31
Member
1132 posts
Bumble bee
  • Wedding: October 2014

Right now I am the breadwinner I make 32K a year (before taxes and insurance) my fiance is a stay at home dad and he just got a job making about 400 (before taxes a month). We are spening NO MORE than 10K on our wedding. We are using some of my tax return, my mom is paying for some, and his mom is paying for some in the end we will have about 1K – 3K to have to pay without the help of tax return or parents. We live paycheck to paycheck and have no credit cards nor do we want to get any.

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