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Budget for marriage

29,M. I am planning to get married this year. My parents have not accumulated much money, plus i don't want to burden them with the expenses of my marriage, hence I will be sponsoring the marriage on my own. Same is the case for my partner, and we will split all expenses equally. Now, here comes the twist, our parents wish to retain the "izzat" that they have in the society and want to do a big wedding. The budget that I have been told is minimum 20L. Tbh, I don't want to spend this much. I was looking for something ~ 5L. People on grapevine, especially the members who married recently, what do you think is a decent budget for marriage. Additionally, could you help out in some money saving hacks.

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Personal Finance on

by CharmingCalmMan

Deloitte

Marriage financial planning

TLDR; I want help in financial planning for my marriage. I have 3 questions which are written at the end of this post. Hi everyone, I sat with my parents to prepare most basic itinerary for 4 functions of marriage, which also includes upgrading the kitchen, bedroom etc. The total amount for that is 21 lacks. Along with this the bride will also be fully taking care of 3 functions. (2 only for themselves, 1 where people from both sides will come) Since we are not in conversation with any potential family, so I CAN ASSUME that they will do it one their own. When we sister got married we gave dowry but we don't wanna have any gifts in any form. (strictly) So, I am in my mid 20s and earning monthly in the range of 90K. Current Expenses: 1. Car loan of around which has EMI of 23K and it has 30 EMIs pending. 2. 40K contribution to household 3. No rental charges since it is wfh Rest of the 25K I save/invest. Current savings - around 2 lacks which are liquid. My questions - 1. If I plan to marry in next 2 years. Then what should be my approach? I am looking to change company for better salary. Anything apart from this I should do? 2. There is no quick money technique nor I want to fall for that. So, what would "you" have done if you would have been at my place? 3. We do have a bungalow which has evaluation of 60 lacks. I don't want us to sell it. I may have to build few rooms on the first floor to start with rental income. What do you suggest wrt this?