Married - Wedding Spending Revealed

7:53:00 PM

Our Wedding Prep journey started way back in March 2014 and after 28 blog posts on our Wedding Preparation and Wedding Day, we are down to our final post about our wedding journey :)

Last year in Jan 2015, we were up on the Jan 2015 Her World issue and were interviewed about our wedding budget. The article was written before we brought forward our wedding and it also contained quite a few errors in the figures and content. So we thought that doing up a post would be more beneficial and also gives us a chance to further elaborate on our budget and spending.





In this post, we share how we saved up for our wedding, the steps we took in coming up with a comfortable budget, and also reveal our wedding spending.


SET A BUDGET

Obviously.
Haha. But what we meant was to set a comfortable budget, one that both of you agree to. We started talking about our finances and savings very early in our relationship together because we realised that most quarrels among couples (not only couples but even among family members) start because of money (trust issues aside). So we've always been very open on how much we earn and save with each other.

Just a rough idea on the budget that we had set for our own wedding:

Wedding Banquet = $50,000
Bridal package (local and overseas) = $7,000
Wedding Day Photography + Videography = $3,000
Church reception + Ceremony = $5,000
Wedding rings and favours = $5,000

Total budget for our wedding = $70,000


WE CONTRIBUTED EQUALLY

This was another point that we agreed on, together. It was tough at the start because we started saving for the wedding since 2012 and back then Mel had already been working for a while and Ben was still studying in university. But we made little contributions together. It started off with $50 each on a monthly basis, into our joint account. Slowly we made it a challenge to ourselves and increased the amounts to hit 3 digits and then 4 digit monthly contributions. It was only after Ben proposed in 2014 and we planned for our wedding to be in 2015, that we started contributing about $2,000 each on a monthly basis into the joint account.

No, we do not earn the same.

This is the question that we frequently get. And even if we did earn the same, it does not mean that we both have the same amount of liabilities. It becomes tricky when the party who earns lower and/or the party with a higher liability does not see and agree to this point. 

"Why should I contribute the same when clearly he/she is earning more?"

When you start being calculative, you will always be calculative on every little detail. When we plan for anything in our lives, we plan for it together. When Ben chose to take on his route to be an entrepreneur, we planned for it together. When Mel decided to call it quits at her office job and focus on teaching, we planned for it together. It was the same way, planning for our wedding and home together. 

Of course at times, the contributions don't tally. For instance,

Since Mel has been working for a longer time as compared to Ben, it was inevitable that she had more contribution for the house in her CPF as compared to Ben. But that did not mean that she made Ben pay more for the renovations of the home just because she had downed more CPF money to the house. 

Likewise, Ben paid for the proposal ring and the proposal event. But that did not mean that he made Mel pay more for wedding expenses to "make up" for the amount that he spent for the proposal. 


HONEYMOON CAN WAIT

For us, getting a roof over our heads was more important than a honeymoon. Due to space constraints at Ben's house and because we did not want to inconvenience our family, we were not able to take our time in getting a home. Things changed when we brought forward our wedding. We started scouting for a home at the end of 2014 and felt that if we could secure a unit by early 2015, we would have sufficient time to complete the paperwork, renovate and move in after our wedding. But we put that on hold after a few viewings because all of a sudden, we only had 1 month to plan and finalise our wedding.

We moved into Ben's home for a few months after we got married in Jan 2015 and within 2 months of moving in, we purchased a Resale unit a few blocks away.

Since we were getting a resale flat, we knew we had to set aside a sum of money for renovations and furniture. And we had to save up fast since the process of owning the flat takes about 4 months as compared to 4 years if we had purchased a BTO.

Till today, 1 year and 9 months since #MelBenGetsMarried, we still have not gone for our honeymoon. Haha. Work has been crazy and truth be told, we depleted our savings for the home and had to start saving from scratch again. (Will blog about our home renovations and expenditure soon. Sorry to keep you waiting once again!)

Know your priorities.


STICK TO THE BUDGET

and aim to spend lower than what you budgeted for! At times, this gets difficult! Especially when you eye something you really like, but at the back of your mind you know that this would exceed the budget you've set. 

Mel did a substantial amount of research before coming up with the budget for our wedding by reading blogs and comparing market rates with the help of Google. 

The good news.

It came to us by surprise that we had actually spent less than what we budgeted for and we could have spent even lesser if we did not make some mistakes along the way. 


Wedding banquet

Budget                 = $50,000
Actual Spending = $41,616

While we planned for about 30 tables at our wedding, some guests had to turn down our new wedding date as they were overseas or had agreed to attend another wedding on our new wedding date. Furthermore, we enjoyed a 10% off our wedding banquet bill as part of the wedding show perk for the year.


Bridal package

Budget                 = $7,000
Actual Spending = $6,949

This could have been even lower if not for us choosing to engage an additional vendor. Furthermore, we had decided to cancel our pre wedding shoot package in Korea. Do note that other than the bridal gown and local pre wedding shoot package, the actual spending also includes the following spending:



Wedding Day Photography + Videography

Budget                 = $3,000
Actual Spending = approximately $3,000


Church Reception + Ceremony

Budget                 = $5,000
Actual Spending = $9,477.50

We didn't think that we would have spent that much but it was money worth spending because a church wedding was important to us. Majority of guests who attended were friends of Mel's parents and also the church friends that we both grew up with. Other than the love offering for using the church compound for our wedding, the actual spending includes the following spending:



Wedding Rings + Favours + Misc items

Budget                 = $5,000
Actual Spending = $3,072




And this brings our total wedding spending to approximately $64,000, which is about $6,000 less than what we budgeted it to be.

If you're new to our blog, (hello!), you might also be interested in one of our older posts on 6 ways to get discounts for your wedding.


Like always, feel free to drop us a comment or email us at MelBenGets@gmail.com if you have any questions for us! Thank you for following us in our wedding journey :) We will be back with more updates on our home and travel adventures!

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