Post # 1
Im newly engaged, and need to start putting away $$$ to pay for our wedding…Im thinking if we start saving now, in 18 months we’ll have approx. $20k.
Should we get about 1/2 of that saved before actually booking the venue, etc? What’s the protocol here?
Post # 3
Everyone has a different strategy with saving, but if you know what you want to spend on the venue, you typically need just 10% to lock in a date and contract. Most likely you DO NOT want to wait on that if the place and/or date you want gets taken by someone else, so I would say make that your priority and put the money down right when you get it.
Post # 4
my venue’s deposit is the entire rental fee. if you have a venue in mind, find out what their policies are.
Post # 5
Your budget and savings timeline are very similar to mine.
What we did: (after setting that general budget/savings plan), was we found and booked our venue. Many venues book a year or more in advance, so if you find one you like, best to get it early. Our venue required a deposit of 50% of the venue fee to secure the date.
Our venue had an exclusive caterer, so we started pulling together general quotes and ideas from them, and then they required a 30% deposit, based on first budget, which we paid early, so that it was sort of one less thing to think about.
For me personally, until I found the venue, everything felt sort of up in the air. Booking the venue really helped me to start picturing the wedding in more concrete terms.
Post # 6
Thank you very much for the advice!