Wedding Budget Guide: How Much Should You Save Before Planning?

If you're close to or have recently become engaged, you might wonder how much money is necessary for planning a wedding. This amount can differ significantly amongst couples. The amount of money that a couple should have before planning a wedding is going to vary because everyone has different expectations, budgets, and visions for their vowel exchange. It’s essential to have a clear financial plan for your wedding day. We recommend that you have saved around 65% of your estimated costs to help with any up front fees that are required to secure a venue, vendors, and any other deposits. First and foremost, it is important to discuss the finances with your partner or any one else involved in the wedding planning process because having a clear budget in place will help to eliminate any financial stress.

What is a good budget for a 100 person wedding?

If you’re wondering what a good budget for a 100 person wedding is and how much does a 100 person wedding cost, it is important to note that these prices vary on a few factors such as the complexity of the event, the location of the wedding, and whether it is full-service luxury or just a standard wedding. Another thing to keep in mind is that the national average cost for a guest to attend a wedding ranges from $100-$300+ and with luxury weddings ranges from $300-$1,000+, and the more wedding attendees the overall increase in the price.

Budgeting for Full-service Luxury Wedding Planning for 100 Guests

Full-service wedding planner cost for a luxury wedding with 100 guests typically ranges from $100,000-$175,000+. The price increases based on the destination of the wedding venue, the complexity of the details, and the selection of top tier vendors. If you are interested in Luxury Full-Service Wedding Planning, please follow this link to schedule a meeting with us at Ramblewood Events!

100 Person Luxury Wedding Budget Breakdown

A detailed Wedding budget breakdown for an 100 person full-service luxury wedding

1. Premium Venue- Luxurious venues with premium locations range from 25-40% of the wedding budget and is oftentimes the most costly wedding expense.
   
2. Catering and Drinks- Allocating 20-30% of the wedding budget to include exceptional culinary menu and alcohol selections is recommended to increase the guest experience.
   
3. Photography and Videography - Photographers and videographers with a grand portofolio or magazine features tend to be 10-15% of the budget.
   
4. Florals and Decoration - One of the key features of a luxury wedding is the custom flower and decor design, which typically accounts for about 15% of the total budget.
   
5. Entertainment - Live music or Djs will increase the experience for guests and are worth every bit of the 10% of the wedding budget.
   
6. Lighting and Sound - Lighting and sound play a crucial role in creating an exceptional atmosphere that enhances the overall experience and typically ranges from 5-10% of the budget.
   
7. Transportation - A special feature is transportation for guests which is an add on that couples like to include to make their attendees feel special, ranging from 2-5% of the budget.
   
8. Wedding Cake and Desserts - Custom desserts and wedding cake that meets the couples vision will be around 1-3% of the overall budget.
   
9. Attire - Including the couple’s wedding attire is important because it tends to be 5-8% of the wedding budget.
   
10. Miscellaneous - Favors ,custom invitations, or last minute elements that help enhance the wedding experience will range from 2-5% of the wedding budget.
    

What is Considered a Low Budget Wedding?

A low budget wedding is often considered to be one that ranges from $5,000-$15,000. This, however, can vary depending on the number of attendees and the location of the celebration.

What is Considered To Be a High Budget Wedding?

A high budget wedding starts at $100,000 and exceeds $1,000,000+. A high budget wedding is also known as a luxury wedding and is known to have a grand venue, outstanding design and decor, and an overall lavish experience for those attending the wedding. If you are interested in hiring a Luxury Full-Service Wedding Planner, please follow this link to schedule a meeting with us at Ramblewood Events!

Is $10,000 a good budget for a wedding?

A $10,000 wedding budget is below the average wedding budget which is $35,000 for a standard wedding and $100,000 for a full-service luxury wedding. Although it is lower than the national standard, you can still have a wedding with a budget of $10,000 by following a few essential steps

To learn more, check out The Ultimate Wedding Planner Guide: Stress-Free Wedding Planning

How to Plan a Beautiful Wedding on a $10,000 Budget

In order to keep costs low for a $10,000 budget there are some key takeaways that can help you stay within this budget such as finding an affordable venue, keeping the guest count low, and DIY'ing a lot of the decor and design. Following these simple steps will help to ensure that you stay on track to planning a $10,000 wedding.

Is $5000 Enough for a Wedding?

A wedding can be planned on any budget. A $5,000 wedding budget is a popular budget for couples who choose to get married at the courthouse, park, or a loved one’s backyard. It will just require strategic planning and creativity in order to stay within a minimal wedding planning budget of $5,000, but it does not mean that the day won’t be memorable or beautiful.

Things To Consider For Staying Within a $5,000 Wedding Budget

It is indeed possible to have a wedding with a budget of $5,000, but it will require a lot of DIY from you, your friends, or family. Some things that can help you stay within your minimal budget include baking your own cake, creating your own invitations, designing your florals, and coordinating your wedding day. Planning a beautiful wedding with a $5,000 budget is possible but will just require some extra effort and creativity.

Is $70,000 Enough For a Luxury Wedding Budget?

When it comes to the cost of a luxury wedding, the starting cost of an entry level luxury wedding is now considered to be $100,000. Most premium venues average $40,000, which wouldn't leave much room in a $70,000 budget to execute a lavish wedding with luxury details. Additionally, photographers and design elements required for a luxury wedding wouldn't be adequately covered by that amount. If you are interested in hiring a Luxury Full-Service Wedding Planner to bring your wedding dreams to life, follow this link to schedule a meeting with us Ramblewood Events!