7 min
How to actually budget for a wedding without going into debt and choose a wedding date based on that budget The Rebel's Guide To Getting Married And Planning A Wedding
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- Society & Culture
The biggest stress I encounter with writing a book, and especially with sharing it with you here is that I have these great ideas all bouncing around my head and they all feel like such great ideas, but as those philosophies and thoughts reach my finger tips they turn to mud.
So thank you for trasping through the mud with me as we write this book together. My gut tells me I'm just throwing your globs of mud every day, so if there's some value here, let me know in the comments or in email to let me know my gut is wrong.
Budgeting for a wedding and choosing a date should be the same activityHaving explored the economics of the wedding industry, and before you start contacting vendors, let’s build on your mental model - your wedding planning philosophy - on how to budget for a wedding.
Normally when people start talking about wedding budgets they’ll talk about how much you should expect to pay for a photographer and how much to pay for catering. We’re not taking that route, we’ll make choices on vendors soon, as we survey the marketplace and decide who can provide services so that we can have the best wedding that expresses who we are and what our values are, a wedding with intent. Today though we’re going to provide a framework on how to approach budgeting and paying for a wedding, and instead of starting with a date and working backwards, we’ll start with cash and work towards a date.
My personal disposition is to not enter into debt for things that aren’t property, but I’m also a champion of adults making their own damn adult decisions, so if you want to enter married with a wedding-sized debt that’s your cross to bear, but I’m going to assume we’re not going into debt on this one.
Another assumption I’m going to make is that the two of you want to have a lifelong and joyful marriage, which means you either have done or are about to, combine finances and have joint accounts etc. Research shows that people who don’t combine finances don’t combine their lives and might as well save money on a wedding and just not get married. But hey, that’s just my opinion.
The mathsSo as we would do with any purchase, we start with what we have:
a, how much money you already have savedAnd then we figure out how much per month we can save:
s, how much money you can confidently save each monthThen we need to figure out how much we’d like to spend, and if you’re following this book chapter by chapter, you won’t know that yet, but we’ll create a variable for it:
e, for total wedding expensesAnd when we put it all together in an equation with m being how many months away this wedding can be it looks like:
m, how many months away the wedding will beSo once you know how much you want to spend, pull out your calculator and go
(e - a) / s = mSo maybe you’ve decided that the wedding will cost $30,000. You’ve saved $20,000 already, and you can easily save $1000 a month.
($30,000 - $20,000) / $1000 = 10 months.So if you’re reading this in January, you could be hosting your wedding in November!
The expensesWorking out your total expenses will be an activity split between scalable and static expenses. For example, my job as a celebrant is static. Generally speaking, my fee doesn’t change if there are 20 guests or 2000 guests, but then if there were 200
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Send in a voice message: https://podcasters.spotify.com/pod/show/therebelsguide/message
The biggest stress I encounter with writing a book, and especially with sharing it with you here is that I have these great ideas all bouncing around my head and they all feel like such great ideas, but as those philosophies and thoughts reach my finger tips they turn to mud.
So thank you for trasping through the mud with me as we write this book together. My gut tells me I'm just throwing your globs of mud every day, so if there's some value here, let me know in the comments or in email to let me know my gut is wrong.
Budgeting for a wedding and choosing a date should be the same activityHaving explored the economics of the wedding industry, and before you start contacting vendors, let’s build on your mental model - your wedding planning philosophy - on how to budget for a wedding.
Normally when people start talking about wedding budgets they’ll talk about how much you should expect to pay for a photographer and how much to pay for catering. We’re not taking that route, we’ll make choices on vendors soon, as we survey the marketplace and decide who can provide services so that we can have the best wedding that expresses who we are and what our values are, a wedding with intent. Today though we’re going to provide a framework on how to approach budgeting and paying for a wedding, and instead of starting with a date and working backwards, we’ll start with cash and work towards a date.
My personal disposition is to not enter into debt for things that aren’t property, but I’m also a champion of adults making their own damn adult decisions, so if you want to enter married with a wedding-sized debt that’s your cross to bear, but I’m going to assume we’re not going into debt on this one.
Another assumption I’m going to make is that the two of you want to have a lifelong and joyful marriage, which means you either have done or are about to, combine finances and have joint accounts etc. Research shows that people who don’t combine finances don’t combine their lives and might as well save money on a wedding and just not get married. But hey, that’s just my opinion.
The mathsSo as we would do with any purchase, we start with what we have:
a, how much money you already have savedAnd then we figure out how much per month we can save:
s, how much money you can confidently save each monthThen we need to figure out how much we’d like to spend, and if you’re following this book chapter by chapter, you won’t know that yet, but we’ll create a variable for it:
e, for total wedding expensesAnd when we put it all together in an equation with m being how many months away this wedding can be it looks like:
m, how many months away the wedding will beSo once you know how much you want to spend, pull out your calculator and go
(e - a) / s = mSo maybe you’ve decided that the wedding will cost $30,000. You’ve saved $20,000 already, and you can easily save $1000 a month.
($30,000 - $20,000) / $1000 = 10 months.So if you’re reading this in January, you could be hosting your wedding in November!
The expensesWorking out your total expenses will be an activity split between scalable and static expenses. For example, my job as a celebrant is static. Generally speaking, my fee doesn’t change if there are 20 guests or 2000 guests, but then if there were 200
---
Send in a voice message: https://podcasters.spotify.com/pod/show/therebelsguide/message
7 min