(Closed) What % "buffer" do you have in your budget?

posted 6 years ago in Money
  • poll: What % buffer do you have in your wedding budget?
    None - this baby better come in on budget! : (13 votes)
    26 %
    0 - 5% : (6 votes)
    12 %
    6 - 10% : (11 votes)
    22 %
    11 - 15% : (6 votes)
    12 %
    16 - 20% : (2 votes)
    4 %
    More than 20% : (3 votes)
    6 %
    Buffer? We've already overspent the budget! : (9 votes)
    18 %
  • Post # 3
    Member
    1715 posts
    Bumble bee

    Our expenses are coming in at $4500. We set the budget at 5500.

    Post # 4
    Member
    1715 posts
    Bumble bee

    I’m bad a precentiles, so I guess thats what…uh %15?

    Post # 5
    Member
    4656 posts
    Honey bee
    • Wedding: August 2013

    No buffer, I just try to overestimate things…

    Post # 6
    Member
    1068 posts
    Bumble bee
    • Wedding: September 2013

    So far expenses are at 38k and that’s me overestimating everything, but our budget is 50k.

    Post # 7
    Member
    319 posts
    Helper bee
    • Wedding: December 2012

    I don’t think I intentionally set a buffer, but when making our budget I definitely took the high number as a guess rather than putting in the smaller.  For example, we’re toasting with glass Dr.Pepper bottles and I budgeted $300 but they came out to $120.  

    Post # 9
    Member
    2968 posts
    Sugar bee
    • Wedding: September 2012

    i wanted to keep it around 7,000, but was willing to go up to $10,000 and i think that’s about how much we spent.

    Post # 10
    Member
    3304 posts
    Sugar bee

    We have an extra $2000 set aside in case some crazy expense happens. 

    Post # 11
    Member
    1114 posts
    Bumble bee
    • Wedding: July 2013

    We’ve budgeted £15,000 but would prefer to come in around £12,000.  I’ve also planned for a 10% buffer, so that’s £16,500.

    Post # 12
    Member
    989 posts
    Busy bee
    • Wedding: September 2012

    We had zero unexpected expenses.  We put EVERYTHING in our budget and had no surprises.

    Post # 13
    Member
    2692 posts
    Sugar bee
    • Wedding: November 2012

    I don’t have a buffer per se but am looking at going over my budget with the honeymoon.  I budgeted for 150 guests… we’ll see how much I actually spend depending on how many people rsvp yes.

    Post # 14
    Member
    152 posts
    Blushing bee
    • Wedding: September 2013

    I don’t even have a budget. I’m just keeping a spreadsheet of what I’ve spent so far. 

    Post # 15
    Member
    5667 posts
    Bee Keeper

    @Terryal87:  We did something similar.

    I estimated high and rounded up when we were initially budgeting. We ended up with money leftover that went back into our savings, even with some unexpected expenses.

    Post # 16
    Member
    1710 posts
    Bumble bee
    • Wedding: May 2013 - Walt Disney World

    We never set a buffer per se, and initially are estimating around $25k (that I have saved)…but we’re creeping to $30k…yikes!

    ETA: our honeymoon and my engagement ring are not included in the budget…I really hope we don’t go above $28k…

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