(Closed) Spinoff 2: Budget as % of Total Income

posted 5 years ago in Money
  • poll: What % of your and your SO's *total income* did/will your wedding cost?
    Under 5% : (3 votes)
    7 %
    6-10% : (7 votes)
    16 %
    11-15% : (7 votes)
    16 %
    16-20% : (5 votes)
    11 %
    21-25% : (2 votes)
    5 %
    26-30% : (6 votes)
    14 %
    40-50% : (3 votes)
    7 %
    50-60% : (1 votes)
    2 %
    60-80% : (1 votes)
    2 %
  • Post # 3
    Member
    5011 posts
    Bee Keeper
    • Wedding: April 2012

    It was pretty much a 50/50 split between us and our families (so more like 50/25/25), but I worked it out based on our salaries.

    Post # 4
    Member
    6743 posts
    Bee Keeper
    • Wedding: June 2014

    It’s hard to say because we came up with a number we were comfortable spending on one night and we anticipate getting help from both our parents.  Our number is $15k.  We anticipate getting $5k from each set of parents and putting in $5k ourselves.  We might actually get more.  We might get less.  Right now, Fiance is unemployed, but he should be getting a job soon.  Even without any financial help, our budget would still be $15k.  That would be about 30% of my income alone.  But, with him working and getting paid the same, it would be closert to 15% of our total income.  So.. I don’t really know which option to pick lol..

    Post # 5
    Member
    1902 posts
    Buzzing bee
    • Wedding: July 2012

    Ours will probably come to about 30% of our combined income, but that’s because I went back to studying last year, so our income dropped pretty significantly. Good thing we’ve got plenty saved up!

    Post # 6
    Member
    2295 posts
    Buzzing bee
    • Wedding: April 2013

    @futuremrsk18:  Same here. I came up with a budget I could afford and started booking/paying for stuff. Then my dad volunteered to pay a bunch of it. But the wedding would have stayed the same cost even if he hadn’t. So i think my response is still relevant, although the OP doesn’t seem to want people who have parents assisting to participate. 

    Post # 7
    Member
    4046 posts
    Honey bee
    • Wedding: November 1999

    @kay01:  Should this include the price of the wedding band, e ring, and honeymoon, or just the wedding itself?

    Post # 8
    Member
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    2.44% of our gross income, excludes my e-ring and honeymoon

     

    Our take home is highly affected after removing 34% pre-tax for retirement each month then the taxes are applied after that.  So our take home is actually 49% of our gross.  We are in the US.

    PS – I love Excel!

    The topic ‘Spinoff 2: Budget as % of Total Income’ is closed to new replies.

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