One of my 2017 Goals is to cash flow our daughter’s wedding. When I wrote about my 2017 goals, I wrote that we wanted to cash flow the $12K for the wedding. The wedding budget amount, $12,000, was just an estimate. Basically the venue cost for 100 guests is $8300, so I figured we might have a little over 100 people and then estimated the cost of our daughter’s dress and a few other items and came up the the GUESS of $12K.
This week I was watching one of my favorite YouTube channels, Freedom In a Budget. Kelly is sharing her debt free journey. I enjoy Kelly’s transparency as she shares her budget monthly. She shows her excel spreadsheet of exactly how much she spends, her debts and how much she is applying to debt. This week, Kelly showed her wedding budget excel spread sheet. It really inspired me to make a spreadsheet for our daughter’s wedding so that we could have a better idea of all of the expenses and really how much the wedding will cost. Kelly shared that her first wedding budget was an estimate of $15K, but now she has actually doubled her budget. Kelly says she has been diligently paying down her debts and now is a super saver and she wants a beautiful wedding. I think that is totally her choice and she deserves it. She is being responsible and paying CASH.
I made our spreadsheet very similar to Kelly’s. Fortunately, the wedding venue we have chosen includes all food, flowers, decorations, and the DJ. We could use their photographer (for an additional cost), but we may use our own.
Here is the image of our spreadsheet. Actually putting it down on paper helped us to realize that $12K is not quite going to be enough. The budget is realistically more like $15K. We are also expecting the happy couple to pay some of the expenses and you can see that on our spreadsheet, as well. The columns to the right are how much we have been saving towards the budget this year. There is also a line below that table of expenses that we have already paid.
Please let me know if you think I have left anything out. Also, if you have any suggestions on getting some of the costs lower, please leave a comment. Any great ideas for nice favors that we can DIY???
Some of the numbers are estimates, so they may change. Becca is going to ask her Aunt to make both the wedding cake and the grooms cake in lieu of a shower/wedding gift. Her aunt does cakes as a side business and I have a feeling she will be honored to make the cakes.
I know this budget will be changing and I will post updates.
I want to say a big thank you to so many wonderful readers from my last blog post! After getting a really nasty comment about spending $12K on a wedding, it was refreshing to get positive, supportive feedback.
Have a great week!