How much to spend on wedding?

Anonymous
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Double those numbers for a range and you'll be more realistic... hear me now, believe me later when the costs, proposals and estimates start rolling in.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Do the rustic warehouses provide food or will you be bringing in a separate caterer?


OP here. We will be using a vendor for food. Both locations don’t provide any extras besides the location.
Anonymous
Anonymous wrote:As little as possible.


+100

Especially if you're looking to buy a house in the same year. Would you want to compromise on what house you buy (which you would hopefully live in at least 5 years) for a party?

The items that are usually the high ticket items - venue, food, and booze
An easy way to minimize those costs are to have a smaller wedding

And, these prices are also dependent on location -so I'm not sure what's available in Chicago

Another way to have a lower cost wedding is to do a destination wedding in Jamaica - though that really just shifts the cost to the guests, but they do get a vacation out of too! And, you would have to be okay with many people not attending.

Anonymous
I think you cannot afford what you want. If having 150 people at your wedding is the most important thing to you, then the wedding is going to need to be extremely casual.

Even that is not a great use of money when you also want to buy a home, in my opinion.

A big, nice wedding is a luxury item not a necessity.
Anonymous
Anonymous wrote:I think you cannot afford what you want. If having 150 people at your wedding is the most important thing to you, then the wedding is going to need to be extremely casual.

Even that is not a great use of money when you also want to buy a home, in my opinion.

A big, nice wedding is a luxury item not a necessity.


OP can afford a nice wedding with 150 people (she and fiance make six figures and have 1/2 mil in savings and are moving back to the midwest), they are just ignorant of costs.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Do the rustic warehouses provide food or will you be bringing in a separate caterer?


OP here. We will be using a vendor for food. Both locations don’t provide any extras besides the location.


I would be shocked if you can do what you want for $50k. SHOCKED. Up your budget.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Have you checked on prices at all? For the venues you like and for catering? Because I think $30-50k is (unfortunately) pretty low for 150 people in Chicago for a bride and groom that make what you make in the midwest. Certainly 30k is very low. And I'm not one to spend on luxury and parties, so if I think that budget is low, it's probably low.

No, you don't cover costs for bridesmaids and groomsmen. You can, and would be much appreciated, if they will struggle to afford it and you decide you have the budget for it, but it isn't traditionally done.


OP here. We are definitely underestimating how much a wedding costs. Our absolute max budget is $150k but we want to spend far less than that.

We want to do

- Open bar for entire event. Range from $18-45 per person depending on package.

- Plated seating, appetizers, late night snacks, and a dessert table. Plated seating will be $85 a head. $8 guest for dessert table, appetizers are per appetizer ranging from $1.50-5.00.

- Photo Booth. $500ish for 3 hours.

- Venue. 3 options we like range from $15-20k.

So far that’s all we thought about.

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Have you checked on prices at all? For the venues you like and for catering? Because I think $30-50k is (unfortunately) pretty low for 150 people in Chicago for a bride and groom that make what you make in the midwest. Certainly 30k is very low. And I'm not one to spend on luxury and parties, so if I think that budget is low, it's probably low.

No, you don't cover costs for bridesmaids and groomsmen. You can, and would be much appreciated, if they will struggle to afford it and you decide you have the budget for it, but it isn't traditionally done.


OP here. We are definitely underestimating how much a wedding costs. Our absolute max budget is $150k but we want to spend far less than that.

We want to do

- Open bar for entire event. Range from $18-45 per person depending on package.

- Plated seating, appetizers, late night snacks, and a dessert table. Plated seating will be $85 a head. $8 guest for dessert table, appetizers are per appetizer ranging from $1.50-5.00.

- Photo Booth. $500ish for 3 hours.

- Venue. 3 options we like range from $15-20k.

So far that’s all we thought about.



I had a wedding similar to I think what you are envisioning. I had it in the DC area 10 years ago and it cost about 70k with contributions from both of my parents and my husband and I. We did not go into debt for it and have no regrets as it was a wonderful event for our family but I think from your responses you should be targeting 50-70k instead of 30-50 and add 10-20 more if you want to have it IN chicago vs some smaller location an hour or so out from the city.

General costs that I had:

DJ - 2k
Dress - $800
Cake - $700
Photographer - 5k
Venue/Catering/Open Bar (came as a package, had a full open bar with liquor and passed apps) - 45k
Paper (invitations/programs etc) - 1k
Flowers - 1.8k (and we cheaped out hard core on this)
Hair/Makeup for my BMs and me - $500 (again this is artifically very cheap I had a friend basically give this to me as a wedding present)

And then there were a bunch of just incidental crap that adds up. Favors, a candy bar, the photo booth etc, my jewelry, our rings were another 1500. I can't remember all of it now but I do remember adding it up once and being shocked and mildly horrified.

Anyway again your food and open bar are going to be the single most expensive cost.
Anonymous
Your cost will be closer to 80-100k
Anonymous
Don’t waste your money. You’ll be divorced in a few years
Anonymous
I would expect to spend at least $75k for what you are describing and possibly as much as $100k.
Anonymous
[quote =Anonymous]
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It depends on your HHI and your budget. Don’t go into debt for an extravagant party.

How much was your engagement ring?


OP here. We will be getting married in Chicago ( my hometown). We have two contenders for a reception hall. Both are more of a rustic warehouse kind of vibe.

I make $120k/yr and fiancé makes $150k + bonus. We have a little over 500k combined savings.

I’m not sure how much my engagement ring costs. It’s a 1.5-2ct round diamond with 6 prong solitaire band. Possibly 15-20k.

We are also not sure if we cover bridesmaids/groomsmen costs or if that’s on them? Our bridesmaids will either be wearing a dark green or wine color.

We are thinking maybe $30-50k budget?


Have you checked on prices at all? For the venues you like and for catering? Because I think $30-50k is (unfortunately) pretty low for 150 people in Chicago for a bride and groom that make what you make in the midwest. Certainly 30k is very low. And I'm not one to spend on luxury and parties, so if I think that budget is low, it's probably low.

No, you don't cover costs for bridesmaids and groomsmen. You can, and would be much appreciated, if they will struggle to afford it and you decide you have the budget for it, but it isn't traditionally done.


OP here. We are definitely underestimating how much a wedding costs. Our absolute max budget is $150k but we want to spend far less than that.

We want to do

- Open bar for entire event. Range from $18-45 per person depending on package.

- Plated seating, appetizers, late night snacks, and a dessert table. Plated seating will be $85 a head. $8 guest for dessert table, appetizers are per appetizer ranging from $1.50-5.00.

- Photo Booth. $500ish for 3 hours.

- Venue. 3 options we like range from $15-20k.

So far that’s all we thought about.



OP, I’d advise you nix the Photo Booth - it takes away from the dance floor energy. Here’s the other costs you should consider below. You really should not spend $150k on your wedding. My DH and I spent about 80k and we made 450k at the time (now 700, 5 years later). I would not have spent more.

DJ
Whether a dance floor needs to be constructed
Photographer
Videographer
Dress
Cake
Paper (save the date/invitation/return postage/programs/ dinner menus/ place cards)
Flowers
Hair/Makeup for you + bridesmaids (or you can request they pay their own if they want it at all)
Transportation to and from hotel for guests
If venue requires a tent and cost of that
Any extra lighting or decor you plan on getting
Tips for various vendors
Anonymous
I dont get it. I have friends who spent so much on a wedding and then couldn’t afford a down payment.
Anonymous
Cut your guest list
Anonymous
Anonymous wrote:I dont get it. I have friends who spent so much on a wedding and then couldn’t afford a down payment.


Did they spend it or their parents? I'm a parent who spent nearly $100k on a wedding. My DC is working on saving for a down payment.
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