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May 2013 Weddings
Budget & Numbers
Numbers & money can be uncomfortable to talk about.. but b/c this board has a fantastic group of ladies, I'm not too nervous to start this chat! What is your budget for your wedding? How much do you have saved right now? And whos contributing?
FI & I have $5000 saved up as of right now (we've put deposits down on a lot of things)
We are putting $150.00 each payday into our wedding savings fund (just bumped it up from $100 to $150) (alternating paydays, $600.00-$750.00/month into savings)
FI's parents are contributing $5000.00
My parents gave us $3000.00 shortly after getting engaged & want to help with more
So by the time May rolls around, we should have just over $16,000. We're not going extravegent (180 guests, reception at a hotel, buffet dinner, toonie bar, dance) for our wedding so I think this budget is pretty good.
Anyone else want to share??
FI & I have $5000 saved up as of right now (we've put deposits down on a lot of things)
We are putting $150.00 each payday into our wedding savings fund (just bumped it up from $100 to $150) (alternating paydays, $600.00-$750.00/month into savings)
FI's parents are contributing $5000.00
My parents gave us $3000.00 shortly after getting engaged & want to help with more
So by the time May rolls around, we should have just over $16,000. We're not going extravegent (180 guests, reception at a hotel, buffet dinner, toonie bar, dance) for our wedding so I think this budget is pretty good.
Anyone else want to share??
This discussion has been closed.
Re: Budget & Numbers
We are covering our wedding 100% so no help unless our families surprise us. We have been saving for about a 2 years...
As of now we have about 7500 saved up. Still have some deposits to put down though. Now that FI is laid off I am in major save money mode. I get paid semi-monthly so from my first check I will take out about 400 and my end of the month check I take out 250. (gotta love bills at the end of the month). As of now I told FI not to stress about putting money into the wedding saving acct because I didn't want him to stress about his other finances. I also babysit for a few families and whatever I get from that goes right into our savings account. I am not too stressed about our budget all that much.
My mom is contributing $10k. So far, she's covered the dress and half of the deposit on the reception venue, leaving us about $9k for other stuff.
We have saved up about $3000 so far, and given what our tax returns were this year, we should be able to double that at tax time next year. Additionally, I am putting $50 a month in, and FI signed up to have an extra $1 put into the account every time he uses his check card.
We've paid deposits on the venues, bought his ring, deposit on DJ, and paid for STDs. We'll be buying my ring this month because the jewelry store gave me a $50 coupon for my birthday.
We've talked to his parents, but are not sure what they are contributing yet. They will most likely do the rehearsal dinner, and I'm pretty sure his dad will offer to pay for something else - possibly the beer and wine at the reception. I know that they paid a lot for his brother's and his sister's weddings, so I'm fairly confident that we'll get something too.
Whatever isn't covered by those things will probably go on the credit card, or we'll take out a loan or a home equity loan. We are both working on wiping out our outstanding debt. He's getting really close, I have a little time to go yet, but we'll be in pretty good shape by the wedding.
Planning Bio-Added FOR SALE page, will be adding more stuff to it soon!
Our Budget is 15K for a wedding for 120 ppl wedding, including honeymoon and his band. We have a combined Savings of about $34,000; ( we are Hoping not to touch unless we absolutely have too) We are making Monthly installments of 700.00 to the venue. A 3rd is already paid off. The venue inlcudes everything except for my diy projects,our attire, wp gifts and any additions we may want to add. My mom purchased my Dress and will contribute here and there. His parents arent contributing at all. We are also hoping to purchase a home a few months leading up to the wedding. ** I would have been happy with something small with our nearest and dearest. FI instead wanted a little more. Yikes. Thinking of It makes me nervous
Planning Bio-Added FOR SALE page, will be adding more stuff to it soon!
[QUOTE]I completely forgot about the tax refund geez... In that case we are looking even better...
Posted by FLGatorGal88[/QUOTE]
Sadly, we're relying on our tax refunds to help us out...
Originally I was hoping to keep it at $6,000, but it wasn't gonna happen, so I bumped it up to $10,000, but after looking at finances a little closer with the cost of our house (since we were able to get a more clear number on what our monthly bills bill be like), it's running us about $7,500.
We were up to 220 guests - and I'm sure we would have ended up with more as we remembered people (he has an enourmous family). We had to cut our guest list down to 156 - ideally we'd like to cut more, but we are at the bare minimum without hurt feelings.
My parent's are contributing about $1,200. My mom said she will give us the majority of her tax refund, but I'm trying to avoid that as I know she could really use it for herself (newly divorced, starting over, etc).
The rest FI and I are funding, including RD (yay for cookouts! Actually I wouldn't have any other way regardless of budget).
We are *super* behind on planning, and my dad also believes we have plenty of time and don't need to rush. My wedding is on a Sunday so that helps a little with availability. We have the venue, dress, catering, and flowers set so far. Tentatively that all equals about $6300, with some wiggle room for the flowers to go down. The woman doing the flowers wants to barter some of the cost for my mom to give her son piano lessons, so that will probably take us to about $6,000.
I'm definitely worried about going over budget. Thinking about all we still have left to do, photography mainly, and how much it will all cost is making me wonder if it's possible to get the rest in for $4,000. We're looking at a photog that's around $1,200 though, so if that's the case I think it's doable as long as we're frugal.
My dad wants to pay for most of the wedding, so what I'm contributing now will be paid back by him whenever .