April 9, 2012

Budget Revisions

During our early days of planning, I drafted a sample budget for our wedding totaling P350,000 for 150 guests. For some, this may seem a lot of money to spend on a wedding, but this amount is actually just the average of  how much weddings cost nowadays. Ang mahal diba? But our budget already includes funds for miscellaneous fees, a full band, a mobile bar and a dessert bar, so I guess sulit na rin siya kahit papaano.

But along the way, we've encountered some financial setbacks so I had to make adjustments in our wedding budget. We've tried to cut down our guest list to 100 people, but since Mox have a large family, we decided to keep our guest list to 150 and just look for more affordable suppliers that would fit our budget. I had to let go of some of our non-negotiables (like our videographer and a mobile bar) and just search for cheaper alternatives. I also tried to take advantages of the price lock, which luckily, some of my chosen suppliers are already offering. Plus, I plan to have some DIYs like our entourage's bouquets and our invitations just to cut down our wedding expenses.

After much deliberation, we finally came up with a revised budget plan. Our grand total came to P330,000 for 150 guests. This includes our emergency fund and budget for a full band and a dessert bar. Of course, this is just P20,000 less than our original budget, but at least we would have enough savings after the wedding even if we still have some of our nice-to-haves. After all, this is a once-in-a-lifetime event so it is all right to indulge a little. Just make sure not to overdo it. :)

It is very easy to get caught up with the wedding planning that our budget may increase or decrease at times to include our non-negotiables and nice-to-haves, but now that we've started booking suppliers, it is very important to stick to our budget plan. Since we are simultaneously saving up for the wedding while paying the suppliers, I made a table to help us keep track of our wedding expenses just to make sure we do not exceed our set budget.


Planning a wedding when you have a limited budget is hard to do, but this gives us practice for a much bigger challenge: planning for our life ahead. :)


8 comments:

  1. wow! how do you manage your budget at the amount only? share your tips naman.

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    Replies
    1. Hi Peachy!

      First, set your priorities. Decide where to invest and where to scrimp on your budget. Kami, we decided to invest more on photo, caterer and entertainment.

      For the venue, we decided to hold it at a clubhouse na lang instead of an events place. We're looking at Valle Verde 6 or North Greenhills Clubhouse. Clubhouses usually cost 13K-20K, while events places cost from 35K-50K.

      We also limited the number of our ento para iwas gastos. We don't have any ring bearer, flower girls, and bridemaids so less rin sa headcount for the caterer.

      For the rings, we decided to look at Ongpin or probably buy na lang ng tungsten rings sa Silverworks. Again, di naman namin priority ang rings so okay na rin sa amin kahit hindi white gold rings. :)

      And if you have the time and patience, DIY! That way, you can save and at the same time make your wedding more personalized. :)

      Yung budget na ginawa ko may increase since 2014 pa wedding ko, but as of now I'm trying to look for suppliers who are accepting 2014 bookings for the price lock. Luckily, yung photo, video and OTD coordinator ko accept price lock so makakasave rin ako. :)

      Sorry, napahaba reply ko. If you have any questions, don't hesitate to ask. Happy preps!

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    2. ang galing naman nito! ito ang pinaka mahirap na part....ang magbudget! :S

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    3. Thanks Anna!

      Actually, nagrevise ulit kami ng budget since we plan to get a nicer hotel tapos I forgot to add another extra night sa hotel for the wedding night mismo. Hehe. Then we decided to change to an airconditioned church na lang since summer ang wedding namin.

      So our revised, revised budget totals to 360K. hopefully hanggang dun na lang. Haha!

      Delete
  2. feeling ko sa venue ako napamahal pero ok lang kasi ayoko naman na magtravel pa yun mga guests ko, mt. carmel and oasis kasi ako.
    Maximum 100 guests lang kami, wala din ako bridesmaid, dapat may matron of honor ako pero tinanggal ko na din. Naghahanap pa ako ng magaling pero affordable na gagawa ng gown ko, ayoko din kasi magbakasakali sa divi.Tinanggal na rin namin ang OTD, sana makaya namin :-) hindi rin kasi gusto ni h2b, di nya magets ang point ng OTD. Tapos sa photographer service na lang kinuha namin, pero nasa 450k yun budget namin for the whole wedding.

    ReplyDelete
    Replies
    1. Gusto ko rin ng venue na katabi ng church para less hassle rin for guests. Nasa short list ko rin ang Mt. Carmel for the ceremony, then Mark Horan Hall for the reception. But I plan to book na lang Mary the Queen Parish in Greenhills then the North Greenhills Clubhouse. Magkalapit lang naman rin sila so di rin siya masyadong hassle. :)

      For the gown naman, I plan to get na lang sa Divi pero dapat may good feedback yung mananahi from W@W or GirlTalk like Vangie Suva and Ate Magda. 15K lang kasi ang budget ko for my gown and may peg naman ako so baka di ko na kailangan ng designer talaga.

      Kung kaya ng budget, I suggest na kumuha kayo ng OTD para talaga di kayo mastress sa wedding day niyo. :) Personally, natatakot ako na friends/relatives ko ang mag-coordinate sa mismong wedding day kasi parang ang hirap nilang utusan. Baka kasi masamain nila pag naging demanding tayo eh. Hehe. Plus, I also want them to enjoy our day as guests. :) Madami namang OTD coordinators na magaling and affordable. We plan to book The One Exclusive for our OTD, 15K yun kasama na emcee. Pero may mga OTD na 10K lang like Kiss The Girl, Blissfully Hitched and Marianne Chua. :)

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    2. iniisip ko din yan, may worries na baka hindi maasikaso mabuti, kaso iniisip ko din ang budget tapos willing naman yun sister ko and friend na mag-asikaso. Iniisip ko din kasi di ba dati naman wala nmn coordinator, mga kamag-anak lang din ang nag-aasikaso...
      malaki din kasi yun 10k.Tapos close relatives lang din talaga lahat. Iniisip ko nga, ano bang kailangan gawin ng OTD?

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    3. bihira lang ako mag-attend ng weddings so di ko alam ano kaibahan ng flow ng isang wedding na may OTD at yung wala.

      Although sabi ng friend ko na isang coordinator, OTD usually assists the bride and groom during the wedding day, from preps to reception. Usually, hati daw yung team kasi one may assist the bride during preps, the others may finalize church details, tapos another member will handle the reception. And of course kung may biglang problem on the day mismo, yung OTD ang bahalang maghanap ng way para masolve yun. :)

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