How much should you spend on a wedding based on income?

Wedding Spending Rule #1 Spend no more than 10% of your newly combined household income. If he makes $60,000 and she makes $80,000, then they should spend no more than $14,000 on a wedding. If their newly combined household income is $1,000,000, then they can ball out on a $100,000 wedding.

Is 5000 a good wedding budget?

When planning your wedding consider money as a critical element and keep in mind these three aspects: The number of attendees: Generally speaking, weddings under $5000 can have up to 60 persons, but it’s safer to keep the list somewhere between 30 and 50.

Is a $5000 wedding under $5000 possible?

In short, yes – weddings under $5000 are totally doable, even if planned in a hurry. Let’s face it – $5000 isn’t a small amount of cash!

How can you throw a wedding under $5K?

From the dress to photography, here’s how you can throw a wedding under $5,000. I always suggest the bride and groom get cozy, grab a glass of wine, and each make a list of all of the people they love. The next step would be to combine their respective lists into one.

How do you plan a small wedding without too many guests?

I always suggest the bride and groom get cozy, grab a glass of wine, and each make a list of all of the people they love. The next step would be to combine their respective lists into one. This is where the real work starts. From the collective list, begin to narrow it down to the least number of guests possible.

How much money do you need for a wedding?

When planning your wedding consider money as a critical element and keep in mind these three aspects: The number of attendees: Generally speaking, weddings under $5000 can have up to 60 persons, but it’s safer to keep the list somewhere between 30 and 50. A DIY approach: Creativity and imagination are your best tools.