(Closed) How to budget for a wedding? Idk where to start! ๐Ÿ˜‘

posted 4 years ago in Destination Weddings
Post # 2
Member
1582 posts
Bumble bee
  • Wedding: October 2016

Budget first! Don’t plan a style of wedding you love and then find out you can’t afford it. You should start with your current finances and determine what you can spend overall — what do you have in savings that you can use and how much will you be able to save moving forward? You can also use that to help pick a date — push it later if saving up to afford a certain kind of wedding is higher priority. Then look at options within your price points. And keep the total budget in mind. Just because X sounds like a good price for one element, it adds up super quickly. I did a spreadsheet that calculated how much to spend on individual categories based on the max budget we were conformatble spending.

Post # 3
Member
1153 posts
Bumble bee
  • Wedding: September 2017

It was really important for my Fiance and I to set an overall price that we knew we could afford and then to split up the costs from there. For example, our venue was most important so we gave that section the most money to work with. My dress and photographer were second. We then just kept going and splitting things up until the money ran out, and we needed to rework it a few times to get it just right.

For us, money is an “issue” so as much as we would love to just go crazy and start saying “I want this and that!!” we said “we have this much to work with, what fits within this budget?” and it’s been much easier for us!

Post # 4
Member
492 posts
Helper bee
  • Wedding: December 2014

Definitely set a $$ budget first based on what you can afford (either already have saved or can comfortably save from monthly cash flow between now and then), then plan the details that fit within those budgetary parameters. Once you know a comfortable all in budget, you can decide how to allocate the $$ based on what’s most important to you. 

Congrats and have fun planning!

Post # 5
Member
2141 posts
Buzzing bee
  • Wedding: July 2017

budget first… its stupid to do anything else, I mean when buying a house you dont look a mansions when you can only afford a studio flat do you?

Post # 7
Member
3680 posts
Sugar bee
  • Wedding: August 2013

I would make your guest list first, then see what style of wedding you want/can afford based on the number of people. 

Post # 8
Member
4231 posts
Honey bee

1. Budget

2. Guest list (including parents’)

Then everything else.

Post # 9
Member
7528 posts
Bumble Beekeeper
  • Wedding: October 2014

You have to start by looking at how much money you actually have, and how much of that you can afford to spend on a wedding. None of the details matter if you don’t have the money to pay for them. So, step 1: log into your bank website and do some math.

Post # 10
Member
1940 posts
Buzzing bee
  • Wedding: May 2016

Figure out 

where 

when (start by narrowing down to a month) 

How many guests 

once you’ve got the above down, talk money. Then it becomes a puzzle between these factors. 

You might realise when you start to play around with the above four factors that your priorities will change. 

Post # 11
Member
1309 posts
Bumble bee
  • Wedding: April 2015

Agree with PPs. We looked at our bank accounts / savings, figured out what percentage we were comfortable spending, then figured out our ideal guest list. Then we looked at the intersection between number of guests and $$ to make sure we could properly host our ideal guest list for the $$ we wanted to spend. 

Post # 12
Member
377 posts
Helper bee
  • Wedding: May 2018- Stan Hywet Gardens

Budget, get your parents absolutes, then talk about money.

If your parents are going to contribute, I don’t recommend asking them. They will come forward with an amount they are going give.

Post # 13
Member
1254 posts
Bumble bee
  • Wedding: October 2016

I found I couldn’t really come up with a realistic budget until I had looked around a little. So I made a guest list and then did 3 venue tours to price things out. Once I had some concept of going prices I could nail down a reasonable budget for that.

Post # 15
Member
823 posts
Busy bee
  • Wedding: August 2017 - Sea Cider

View original reply
milabeehappy:  rate for venues varies enormously by everything from location, to day of the week, all inclusive or not. . .so many factors. and when you look at venues, investigate carefully! there are two ciderhouses in our area. one charges a flat fee for a Saturday, and the other charges a rental fee. . .but then also wants you to use their kitchen only, charges per head beyond a base number, and generally “nickle and dimes” everything, according to three brides I know that got married there.

read the contract. read reviews. talk to other brides.

alternatively. . .hire a wedding planner, at let her do that for you (him? oooooh, now I want to watch Father of the Bride)

any luck figuring out your budget?

FWIW, my Fiance and I set a budget for a wedding in 18 months, a wedding in 24 months, and a wedding in 36, based upon $$ we had, and our historical savings abilities. we then visited our dream venue, locked in a date, and then started making everything else fall into place.

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