(Closed) Saving for wedding – on a budget!

posted 5 years ago in Money
  • poll: How did you save for your wedding?
    Counting lolcats and making sure I had enough to cover everyone's meal : (0 votes)
    Started saving before we were engaged : (2 votes)
    3 %
    Saving a portion or % every paycheque or per month : (19 votes)
    32 %
    Using savings : (9 votes)
    15 %
    Using credit : (1 votes)
    2 %
    Were 'gifted' our wedding - do not need to contribute : (3 votes)
    5 %
    Were 'gifted' some towards our wedding : (7 votes)
    12 %
    A combo of the above (please specify in the comments) : (16 votes)
    27 %
    Other (please comment) : (3 votes)
    5 %
  • Post # 3
    Member
    2685 posts
    Sugar bee

    We’ve been saving each month since the beginning of this year.  There’s no exact goal because every month is different, but it tends to be about $400 per month.  Those monthly savings will likely increase as we finish up big projects in our yard, such as adding a new patio and fence.  We haven’t had to make a down payment yet because our venue is free (it’s our backyard), but we will likely book the photographer within the next month using the money we’ve built up.  We actually have more than enough in savings to cover the wedding, but we don’t want to dip into that.  We own a house and want to keep a good war chest if something were to happen.

    Post # 4
    Member
    1755 posts
    Buzzing bee
    • Wedding: October 2014

    Mr. C and I both had some savings that we’ve been using towards deposits and replenishing from our paychecks.  His parents are going to contribute some money and mine are going to gift us with a couple specific things for the wedding.

    Post # 5
    Member
    823 posts
    Busy bee
    • Wedding: August 2013

    @jlc3:  we are getting married at the end of August and just started seriously saving; however, we’ll be able to put away about $2,500 each month, and the entire wedding will only cost around $8,000 (including honeymoon). Our parents are helping as well, so it’s not such an overwhelming amount that we’re dealing with. 

    Post # 6
    Member
    1722 posts
    Bumble bee
    • Wedding: July 2015

    Well I have some savings, but not much so we started with that.  We try to put all extra money into our account along with $100-$200 from FI’s paycheck every month and we have a piggy bank that we contribute to everytime we have cash and my grandma puts 20 bucks in it every time she comes to our house 🙂  We’ll probably start putting more away every month because Fiance just got a raise but we will see how that goes.  The hardcore saving will happen once I graduate and can get a full time job.

    Post # 7
    Member
    5191 posts
    Bee Keeper
    • Wedding: February 2013

    We paid for our own actual wedding, which was at town hall, officiated by the mayor,  and only cost $100 (Not including fees for marriage license and copies). I have no regrets about it. The ceremony was exactly like any other except without a procession; it wasn’t just “sign this, sign this, you’re done”. The room was very nice and accomodated too fit a lot of people, it was the same room where they have council meetings, not the courthouse. So if you’re on a budget that’s something to look into.

    Parents are paying for the reception. Venue is at the Elks Lodge, which makes it sound trashy, but on the inside it looks like a professional banquet hall. Just like any other reception – catering, DJ, etc… It just doesn’t have a fanCy name.  Once again, something to look into if you’re on a budget. 

     

    Post # 8
    Member
    264 posts
    Helper bee
    • Wedding: September 2013 - Lake Taghkanic State Park

    We set the date a year in advance when we had almost no savings, but we had been together for 7 years and engaged for almost a year so we were sick of waiting. When we first got engaged I had graduated and had a full time job but my FH was still in college, he was doing odd jobs off the books to help with rent but I was mostly supporting us. I put away as much as I could for the first year but things kept coming up and we kept having to take money from the savings. It was very stressful. Luckily he got a job right after graduating (9 months until the wedding) with both of us working full time it’s been a lot easier. 

     

    The biggest thing was cutting down the budget to what we could afford, we chose to have an outdoor wedding at a state park (venue was only $100 activity fee), we are having a small local restaurant cater, we’re having an early afternoon ceremony and lunch reception to cut down on food costs, we’re purchasing bottled beer/wine/soda instead of hiring a bartender, we got discounts on sound, photography, and cake by using people who are friends or friends, another friend of mine is filming the wedding for basically just food and gas money, and we’re doing all the flowers and decorations ourselves.

     

    We have 5 months to go and we’re a little more than halfway covered. Overall our budget is about 12k (including the rehearsal dinner, honeymoon, everything) and probably 8k of it we are putting in ourselves. My parents are helping as much as they can with the bridal shower and the catering, his parents are helping with the rehearsal dinner and our cabin at the park, and his grandpa is contributing one of his timeshare weeks for our honeymoon. And the rest is up to us. Our tax returns thankfully were just enough to cover the rentals for the tent/table/chair/linens/etc!  And we save whatever we have left over at the end of the month from bills and any money we receive as gifts goes straight into our savings, our loose change jar, deposits from bottle returns…

     

    We are trying to pay as much as we possibly can out of pocket because I really didn’t want to have any debt from it, but I’m over stressing about deadlines, anything we can’t cover ourselves will probably go on a credit card or possibly a loan which we will pay off from any money we recieve as a gift.

    Post # 9
    Member
    2622 posts
    Sugar bee
    • Wedding: November 1999

    Some was gifted.

    The rest we knew would be covered by out savings if we needed it. We just kept saving as we had always been and we were able to pay for the wedding and contribute to our savings without touching it.

    Post # 10
    Member
    933 posts
    Busy bee
    • Wedding: August 2013

    How did you guys save (how are you saving) for your  wedding? Putting $350 aside from each paycheck (each of us, for a total of $700/month). Also we recently refinanced, & also put my yearly bonus & our federal tax refunds towards the wedding fund.  Smaller contributions to our wedding fund also include: monetary gifts from occasions (Christmas, etc.), cashing in our change jar, selling things online.  We also have a credit card.

    How long did it take to save? Still saving. We should be all paid off by … well, not really sure.  If we’re not paid off by the end of the year, then I’m pretty sure our next years tax returns will cover the little bit that is left.

    What amount did you have ready when you set a date/booked your venue  or first item for the wedding?  Under $1k!  But I didn’t know that it was such a crazy idea at the time!

    Post # 11
    Member
    933 posts
    Busy bee
    • Wedding: August 2013

    Oh, one more comment… I feel like our wedding is crazy over the top, considering the actual dollar amount we’re spending. But I can remember being extremely poor, like poverty line poor, in grad school, and so in comparison the small sacrifices we’re making seem like nothing.  I guess we’re very lucky to have so much surplus in our lives.

    Post # 12
    Member
    933 posts
    Busy bee
    • Wedding: August 2013

    Double post

    Post # 13
    Member
    80 posts
    Worker bee
    • Wedding: May 2013

    We are VERY fortunate… since we have a child and i go to school and work full time and Fiance owns our house we both received pretty substantial tax refunds this year( i also filed amended from 2 years ago for something i missed and got some extra $$) we are paying for the whole thing(honeymoon included) ourselves and almost everything is take care of as of now…(we have to pay the preacher and pay for alcohol) but our taxes paid for our stuff… it pays to work hard!!

    Post # 14
    Hostess
    8579 posts
    Bumble Beekeeper
    • Wedding: October 2014

    I’m not really sure where we’d fall under, but I guess I’ve vote

    Saving a portion or % every paycheque or per month

    Basically, we’re just paying for things as we go along. We set out date for next year so we had plenty of time to get everything done. We actually plan to have it paid off 1 year out, but we have plenty of room just incase it is. We found that many items can be purchased well in advance.. alcohol, place settings, napkins, tablecloths, ect. can all be purchased. With the honeymoon [with will be about $6,000 – our wedding will cost around $22000]. We are currently about $6000 in.

    Post # 15
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    We were able to pay for stuff from our normal extra money as expenses popped up. Didn’t need to dip into savings or save in advance.

    Post # 16
    Member
    278 posts
    Helper bee
    • Wedding: June 2014

    We were given $13,000 from my parents, as well as extra money to buy the cake and dress as my parents wanted to help pick these out. We are also each saving $100-200 a month towards our budget. I’m very grateful for the money provided by my parents!

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