(Closed) What’s your budget?

posted 12 years ago in Money
Post # 32
Member
286 posts
Helper bee
  • Wedding: October 2007

My Destination Wedding was 4.5% of our total income, the at home reception was 29.3%.

Post # 33
Member
402 posts
Helper bee
  • Wedding: November 2008

our budget was originally 8.3% of our income….but we’ve adjusted it to 10.5%.

 no more than that! its hurting my feelings to do that much!

Post # 34
Member
26 posts
Newbee

yikes! ours is 30%!  if it weren’t a party for our parents though… it would probably be more like 10-15%!  🙂

Post # 35
Member
112 posts
Blushing bee
  • Wedding: January 2020

My parents are paying for most of our destination wedding but it would be about 20% of our combined income (not incl. wedding rings, e-ring, honeymoon, rehearsal dinner, and random items).

His parents are paying for a welcome home reception, partial rehearsal dinner, and honeymoon.  I’m not sure what their budget is, but I would think it’s about 10% of our combined income.

Post # 36
Member
129 posts
Blushing bee
  • Wedding: December 1969

My parents are paying, but if we’re actually comparing to our combined salary (including my piddling graduate assistantship) it would be 53%. If I estimate our earning potential by the time we actually get married, 2 years, it should be more along the lines of 18%.

Post # 37
Member
2292 posts
Buzzing bee
  • Wedding: July 2008

Well, you all make me feel much better about every check I write.  What a clever way to think about the budget!  Ours comes in at about 6%. 

We both make good money, and I suppose could technically spend a lot more, but FI’s son will be starting college next year, so we are also looking at spending around 12% of our combined incomes on tuition (Gonzaga, Go Bulldogs!), starting about six weeks after the wedding.  So that really controls our idea of what we can afford to spend.

I hear you on the "party for the parents" thing.  We had a nice little guest list of about 50; parents (mostly mine) are responsible for another 110.  We initially told them we really couldn’t afford to have the kind of reception we wanted for that many people, and so couldn’t even consider it.  Apparently mom couldn’t actually consider not having all those people, so she and dad are footing most of the bill.  Which in one way is really nice of them – and in another way is mostly really annoying, since we didn’t want this big party anyway.  Oh well.  Today is one of the days that I really wish we had just said "Thanks, but no thanks!"

Post # 38
Member
126 posts
Blushing bee
  • Wedding: March 2009

30%.  we’re paying for everything ourselves.

Post # 39
Member
34 posts
Newbee
  • Wedding: June 2008

I am working right now, but my Fiance is a grad student.  We are getting probably about half the costs covered by family members, but the total budget is about 28% of our (that would be my) income.  Yikes.

Post # 40
Member
508 posts
Busy bee
  • Wedding: December 1969

We’ve both been out of school for a while and making a good amount, but the higher wages are mitigated by the high cost of living in the bay area.

Doing the math, our budget is coming in 10% for a family wedding of roughly 60. Future Father-In-Law is paying for the reception venue, as it would have blown our budget.  Doesn’t hurt that it is literally walking distace from their house!

Post # 41
Member
305 posts
Helper bee
  • Wedding: May 2008

About 15% of our income.

 Thank god my parents are paying for our reception, my dress, and the flowers.

We have to pay $500 to fly his mother and sister up from florida and house and feed them while they are here.  ugh.

Then we add on a honeymoon for 2% of our income.  It’s a big splurge, but we figure if we don’t do it now we never will.

Post # 42
Member
95 posts
Worker bee
  • Wedding: April 2008

Our Destination Wedding is about 25% of our income. Luckily our parents helped out and we will actually be paying about 15% of our income. 

Our honeymoon though tacked on another 10% (tell me about it).  So that’s back to 25%. 

Post # 43
Member
12 posts
Newbee
  • Wedding: November 2008

Ours is about 5%. This is a really interesting way of looking at it 🙂

Post # 45
Member
27 posts
Newbee
  • Wedding: September 2008

Actually, looking at the percentage is a little more tolerable than seeing the dollar amount.  I can’t even say aloud the amount we’re paying for our photographer.  It’s a bit beyond my comprehension.  ;-)We’re paying 8% of our income minus the honeymoon and rings.  He really splurged on my rings, which I love, love, love! 

Post # 46
Member
83 posts
Worker bee
  • Wedding: March 2008

Ours is about 5-7% of our combined salaries.  We both make good money, but we’re also leaving out a lot of the wedding things that aren’t important to us.

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