Just
about every wedding magazine has a budget planner, but unless they apply to
your vendors, your city and your wallet, there is usually no way the prices
you see will apply to your wedding or your world. You realize that you can't
get a bridal gown with all the accessories and alterations for $500 like
line 42 subsection B of your free budget spreadsheet told you. Now what? If
you're just beginning to plan and you have no idea what to expect to spend
for a wedding in Cambridge area, this budget planner will be a lifesaver. Real
vendor prices, who pays for what, and much more can be found here.
What
do couples pay for weddings?
A low-range budget - what vendors commonly refer to as 'the shoestring budget'
- is about $5000 for a ceremony and reception (not a small amount of money,
despite the term, really!). A large budget would be upwards of $20,000 and
go as high as $50,000 or more - a definite Hollywood-style wedding. An
average wedding is somewhere in between, ringing in at about $10,000 -
$15,000.
The
most popular question is almost impossible to answer directly: How do we
know where to start to determine our budget?
Even
though there are a lot of things that determine the cost of a wedding, we
suggest that you start is with the reception concept. The reception can
often take up to 50% or more of your budget. To give you an idea, 150 people
at for $35/plate at a reception hall = $5250 for reception hall and meal,
all other details are extra such wine & champagne, bar, wedding cake,
decor, and more. If you don't plan on going crazy with ultra photography
packages and limo-buses, this should bring you in at around $10,000 - 12,000
for the finished product (very very rough estimate). Ceremonies are
generally much less expensive because they are often in a church/chapel.
Once a couple decides to hold their ceremony outdoors in a place different
from that of the reception, however, then the cost gets greater with tent
rentals and decor rentals, etc.
You
really need to find out what you see as your perfect wedding and then tweak
it until it works.
Your
first realistic step is to find out how much money is available to you,
whether you use it all or not. Make a "Best Guesstimate Chart" to
get you an idea of what money you have, will receive, could finance, and
could save.
Best
Guesstimate Chart (example)
| HOW
MUCH MONEY DO WE HAVE? |
| WHO/WHERE |
GUESSTIMATE |
ACTUAL |
| Bride
current savings |
$1,000.00 |
|
| Groom
current savings |
$1,500.00 |
|
| Bride
to save over months before wedding |
$1,800.00 |
|
| Groom
to save over months before wedding |
$3,000.00 |
|
| Line
of credit |
$2,000.00 |
|
| Mom
& Dad of Bride |
$3,000.00 |
|
| Step
Mom & Dad of Bride |
$1,000.00 |
|
| Mom
& Dad of Groom |
$1,000.00 |
|
| Step
Mom & Dad of Groom |
n/a |
|
| Stag
& Doe |
$2,500.00 |
|
| Other |
|
|
| Other |
|
|
| TOTALS |
$16,800.00 |
$0.00 |
download
Excel spreadsheet of this chart
Now
just because your spreadsheet shows you that you could have $16,800 available
to you over the next twelve months, doesn't mean you necessarily want to use
it all on your wedding.
Weighing
your options...
•
Would you rather have a $10,000 wedding and a $6,800 honeymoon?
•
Do you feel it is more responsible to save $6,000 for a down payment on a
house for after the Wedding Day?
Also,
remember that guests will no doubt be giving you money for gifts. Many couples
receive thousands of dollars on their Wedding Day from family that wish to
help them make their new start without financial burden.
When
you do start planning your wedding and making financial commitments, be sure
to aim a thousand or more dollars below what is available, so that you have
emergency money or so that you can spring for something extra that catches
your fancy along the way.
What
types of prices can I expect for each of the different aspects of my
wedding?
You're
in luck! Check out the brand new Budgeter
giving basic price ranges for absolutely everything! Keep in mind, none of
the prices seen here are guaranteed, however they are based on the pricing
coming from Cambridge wedding vendors and are completely subject to change.
There may be less expensive vendors and more expensive vendors, depending on
your needs and where you look, but this Budgeter
gives you the best starting point you could hope to ask for! It's realistic,
local, and will be your guideline for setting your Wedding Day stage. click
for more...