Our Wedding Expenses is Within Our Budget!
Total Income: $23,406.00
This is a breakdown of the top 10 expenses which accounts for 95.94% of the total expenses. If you think that we spent too much on a specific category/shop and should/could be cut for yours, look no further. Having said that, the full breakdown can be seen at the end of the article. We definitely took a lot more Grab/Comfort than usual because we were rushing/got tired from the preparation.
For those that prefer to look at pie chart instead of numbers.
If we look at the cost of the banquet ($17,878.63) vs the ang bao we received ($23,406.00), we actually made a profit of $5,527.37. I guess this is what people meant when they say they managed to “cover back”? Realistically speaking, I think there is only an extremely slim chance of making a profit from the wedding after including all the relevant expenses and one really should not have such an expectation.
From the above breakdown, it is obvious that most of the money came from my relatives. How it works for us is when CZM’s parents requested for X number of tables for their relatives, all those ang baos will go directly to them and it is theirs to keep.
My parents gave us $2,000 for Jin Cha (tea ceremony) and my 3 grandmothers gave us $1,700 in total for the banquet ang bao. These are outliers that really helped a lot. On average, our friends and colleagues gave more than enough for us to cover the cost of the banquet (~$102 per pax) too.
The one takeaway is even if you are not planning to hold a wedding banquet, the tea ceremony is a must! Hahahaha. The tea ceremony would cost you almost nothing (except for the tea set, tea + your mouth/voice) and you get lots of ang baos + some gold.
We were trying to value/include those gold into our income but most of the gold (5/8) that we received did not have any receipt with them. The overall damage would have went down further if we were to add the value of those gold in.
Hope you enjoy our wedding expenses and income breakdown!
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