I, J. Money, only claim the thoughts from my head. I am NOT a professional finance'er, banker, CPA, or anything of that sort. Please seek a professional for any "real" advice. For more info, please check out my disclosure page. That is all - enjoy!

    Wednesday, April 16, 2008

    Wedding budget for $10k? Fingers crossed!

    Okay, so we *thought* we were budgeting $10k for our wedding! haha....since i started writing this i realized our total costs are actually gonna be around $16k! i guess it's good some of you prompted me to post about it :) Still though, our new budget is about half the national average for weddings.

    According to Costofwedding.com:
    "U.S. couples spend (on average) $28,800 for their wedding. This does not include cost for a honeymoon, engagement ring, bridal consultant or wedding planner."
    AND, it's even higher in the county i live in, coming in @ $39,000!!! How INSANE is that? While our $16k will be pretty tight, we have to at least shoot for it (esp. now that it's 6k higher than the initially planned $10k!). There's no way in hell we're blowing $30k for one night. And to be honest, i don't see that big of a difference of those i attended where even $45k & $60k were spent. Sure the flowers and locations may be a bit fancier, but the food and drinks were plentiful at both, and everyone had a fabulous time!

    In any case, you're probably wondering where on earth this money goes to. So, in an attempt to keep things clear and concise (there are entire websites pages dedicated to this stuff, w/ pages and pages of info.) here is a breakdown of the "average" American wedding costs, side by side w/ the money we've spent, or are about to spend, on each category:

    * According to Bridal Association of America
    wedding breakdown mainwedding breakdown otherI'll post more later on HOW exactly we went around a lot of these costs, but as you can see it CAN be done for lower.

    So far we (aka Mrs Budgetsaresexy's mom and us) have spent a total of $4,963.77, with the MAJOR category still left - the reception.

    We booked it at a restaurant, and at the end of the night we get a bill totaling up the number of plates served, and alcohol drank. BUT, at least we don't have to worry about any cleaning up afterwards :) Not to mention the set up, caterers, staff, etc, it's all included since it's a restaurant! woohoo.

    That pretty much covers it, in a nutshell. There are a slew of potential things to think about, but Mrs. Budgetsaresexy and I are not one to complicate things. I mean, you could spend HOURS on just picking invitations, or merely choosing flower arrangements. The possibilities are endless. Unless you've been planning your wedding since you were a little girl, be prepared to spend some hefty prep time :)

    Before i go, let me just recommend the following three things if you're starting the process yourself. I promise you they will help:

    1) Book the location of the ceremony (for us, it's a church), AND the reception ASAP. These dates fill up faster than Warren Bufffet on a hot business venture! wow, okay so that was the dorkiest coment i've ever made...but you get the point. Some places book 1-2 years in advance.
    2) Do one thing a month! If you get in the habit of doing this, esp. if your engagement period is 10+ months long, you will find yourself very productive. Not to mention as stress-free as possible.
    3) Be patient and work as a team....even if you don't want to :)

    The first, and second one, are super easy to follow. It's the third that gets tougher as the time goes on! You leave one person alone to do it, and you can kiss that honeymoon goodbye :( But if you're truly getting married for the right reasons, it should be all good :) Plus, things like picking the music to play at the reception, or choosing the food is pretty easy and fun!

    I think that covers most of the stuff we've been getting into. I'll be posting more updates as we get closer to the big day as well. For those of you starting out, I hope this stuff helps! (and Congratulations!)

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    14 Comments:

    Blogger asgreen said...

    Can I ask how many people you are inviting to your wedding?

    April 16, 2008 12:01 PM  
    Blogger L@SpillingBuckets said...

    R and I want to get married soonish but the thought of spending that much, or having my parents spend that much, makes me feel guilty. (even 10,000 is a lot!)

    How many people are you inviting?

    R and I have decided for as small a wedding as possible, and then a big family reception afterwards. In fact, I think we might elope...

    ::not a typical girl, hate weddings::

    April 16, 2008 12:38 PM  
    Blogger J. Savings said...

    yeah i know, right?! Sooooo much $ that's for sure. The idea of having a smaller one def. sounds nice, but both our families are huge, so not much of an option for us :)

    As for our numbers - we're shooting for 160, but budgeting for 175 max. hope this helps!

    April 16, 2008 2:03 PM  
    Anonymous Messy said...

    Wow that seems like a lot of money to spend on a wedding.

    You've been tagged with a meme.

    April 16, 2008 3:36 PM  
    Blogger asgreen said...

    I think you are doing really good for that many people!

    April 16, 2008 4:04 PM  
    Blogger lpkitten said...

    wow, weddings are expensive. i think i'd rather just elope to vegas!

    April 16, 2008 8:04 PM  
    Blogger E.C. said...

    So you're expecting to spend around $31,000 total on getting married? How much of that are you and Mrs. Budgetsaresexy coming up with yourselves?

    I'm hoping I'll be in the inexpensive wedding category (assuming I ever date again...no relationship at the moment). I'm in favor of a very quiet ceremony with parents and siblings present, a nice lunch out, and then escaping for a honeymoon, but to each his own.

    April 16, 2008 11:44 PM  
    Blogger J. Savings said...

    Yup, it's a helluva lot of greenbacks! We're getting a lot of help thanks to our wonderful fam :)

    Here's how it breaks down:
    Mrs Budgetsaresexy's mom - $10k
    My parents - $3k (rehearsal stuff)
    Me - Engagement ring ;) -PAID OFF-
    US - whatever's left!

    We've already started getting cash gifts from people too (thank goodness!).

    April 17, 2008 9:47 AM  
    Blogger SavingDiva said...

    WOW! How big was the rock you gave Mrs. Budgetsaresexy?!

    April 17, 2008 3:19 PM  
    Anonymous Giga said...

    First off, congrats!

    We booked our wedding a restaurant last year and it was the best thing ever! The food was great, guests' special needs could be accomodated, no clean up or other hidden charges. The only thing we had an upcharge on was floor length linens. We went to one of the more high-end places in our city and it was still cheaper than we would have had in rental and catering fees for something not nearly as nice.

    April 19, 2008 4:31 PM  
    Blogger Bailey said...

    We did our whole wedding and honeymoon for 10K.

    April 20, 2008 4:12 PM  
    Blogger J. Savings said...

    the rock's a little over a karat, with pretty good clarity :)

    yeah giga, that's exactly why we picked a restaurant - congrats on your own wedding too!

    wow, i applaud you Baily! that's pretty incredible.

    April 20, 2008 5:51 PM  
    Blogger NIUiceprincess said...

    I got married on April 19th, 2008. We originally budgeted for $10k, but in our area (Northwest suburbs of Chicago), that's pretty much a lost cause for 150 guests. We increased our budget to $15k but it became more like $16k that we paid out of pocket, and with the rehearsal dinner and misc stuff contributed by my parents and inlaws all in all, our wedding was $18k.

    I'm glad that we had a 2 year engagement and were able to pay cash for it :) Your budget looks good. I pretty much did what you did...shopped around, made use of "hook ups" (DJ is a college friend who DJed at parties but also does weddings, videographer is a high school student majoring in TV production) that ensured good savings.

    June 11, 2008 4:35 PM  
    Blogger J. Savings said...

    NIUiceprincess - oh yeah, def. hard to keep a budget for that many people, but you gotta start somewhere :)

    I'm DYING to know the total cost of the reception, but it went through my wife's mother and kinda hard to ask! haha...esp since my blog is anonymous and wouldn't have a good way of convincing her WHY exactly i *need* to know ;)

    June 12, 2008 4:21 PM  

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