Latest / DidiLawren / Cost Break Down For A 10 Million Naira Wedding - Estimated Cost Vs Actual Cost

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Cost Break Down For A 10 Million Naira Wedding - Estimated Cost Vs Actual Cost · DidiLawren

• 0:08
  Hello, and welcome back to my channel.
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  My name is Lorenzo who defy, and this is Bandit laurentia, happy
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  Newmont, and happy Independence to Nigeria.
• 0:18
  Happy Independence. Day to all my people.
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  I am a Nigerian and we are celebrating October 1st, which
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  is our independence. So we got our independence in
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  1960 and We are celebrating don't know what we're
• 0:32
  celebrating, but we have to celebrate at the same time.
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  So for today's episode, hey, I want to talk about something we
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  are in October and if you know, you know, that everybody that is
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  going to have celebrations in Christmas or, you know, December
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  period. This is now that everybody's
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  preparing for weddings for funeral, for the days for
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  family, get-together like traditional, Marriage,
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  everything or the shebangs people are now planning.
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  I mean, if you've been planning previously, Christmas time is
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  when you actually start putting your budget together, stop
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  paying depositions and all that. So, somebody on Twitter, let me
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  just read that tweet for you. Somebody on Twitter, Sally
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  Suleiman, give a wedding breakdown and she was breaking
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  down with 10 million naira wedding.
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  I mean, if he had 10 million are awaiting, you think of Mike God,
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  that's even a massive expensive. It is for those who can't afford
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  it, but for those who have 10 million spending 10 million is
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  no brainer, you know? So she gave a breakdown of it,
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  10 million, naira wedding, just for those who are starting that
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  10 million is too much. So she tweeted, 10 million,
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  naira wedding / Triad breakdown whole 700,000 Deco, 700,000
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  food, 2500 pop late, Eight times four hundred people, if 300
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  guests. Like if you have if you're
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  having 300 guests, basically you have to order 400, 400 people
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  just for people who are going to go for second rounds, people are
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  going to take home. So this is what she's basically
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  saying. I'm for people who are going to
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  be who are going to show up uninvited, so if you're planning
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  for 300 people, just people found their people.
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  And then So for the 200 pop-up cleats for 400 people is
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  basically 1 million naira for drinks 1 million, naira media
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  which is photography pictures. Just you know video coverage of
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  the whole thing. She said is 500,000 our Brides
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  outfit. She said, it's 300,000 is so
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  cheap for to outfit. I don't know, shoes.
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  She said it's 30,000 now. Our hair and makeup.
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  She said it's 150,000 makes out fish.
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  She said is 200,000 ring. She said it's 100,000 MC and DJ
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  300,000. Ushering 100,000 hotel for two
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  nights, maybe. Because you need to relax before
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  the wedding, basically or stay closer to the venue and 429 she
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  said, is 100,000, he went ahead to say for cake, cake is
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  150,000. Our takeaways is of is 400,000
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  error, security is 150,000 and she said Transportation.
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  If not far, let's say you are in any Google and you're hosting,
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  the wedding, is in any whoo. So just, you know, through and
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  through, she said he's a 100,000 outfits for both because, you
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  know, after the wedding you have to do like, tens giving or maybe
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  you have to change out. Fitz, but since he has already
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  to outfit for the wedding. So let's say, this is for
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  Thanksgiving and is for 250,000 error.
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  Now, food and drinks. Because even after the wedding,
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  I'm talking about the tens giving.
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  Now you still have to spend money people, come and greet
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  you, and all that. So, that is 500,000 and take for
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  that day. If you're feeling, you know, you
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  want to spend more is And so she said, let us stop here.
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  Now, I am going to be analyzing this because a lot of people
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  came out and said this is too much like this is way too much.
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  I think one thing I've learned about any wedding or any
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  celebration. What I bet they when I get
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  together. What are even just having
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  friends over you have to? First of all, tell us of the
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  truth. Have a budget.
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  You cannot just break down. A lot of people said, this is
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  too expensive, like 10 million for just a wedding for just
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  something. That people are just going to
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  come and, you know, celebrate City that that is too much.
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  But the reality is, this is just the, you know, the big budget
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  like the big spending, the big things that the obvious things
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  that you're going to spend on. There are so many uncertainties
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  that are going to crop off when you're planning for wedding.
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  Let me just give you a kind of a personal experience in wedding
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  planning. So, in 2019, I was engaged and
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  we're looking at, you know what do you mean when I'm going to
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  get married? How To get married and which is
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  disgusting, you know, people, how many people are going to be
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  there? He wanted a big wedding like
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  over a thousand people and I'm like, hey if I wasn't people
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  like, how is that work? How we even go?
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  Because we I don't have a problem money and he does not
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  have a Bill Gates money so I am immediately, I knew because as a
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  project manager, I knew we were going to go into debt if we're
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  going to sponsor that wedding. So, what I did was As I sat
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  down, I was like, okay maybe if I kind of break everything down
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  down to the course, and show it to him, maybe he might change
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  his mind and all that. So I took a spreadsheet like
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  because he was talking about or is it not just venue even if n
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  is, if a million era, even if the food is 1.5 million Deco,
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  cannot give highest is 500,000. So he had that big big budget in
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  His head, which for him is Affordable.
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  But then again, I was saying that, listen, we're in the UK
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  just for us to transport, buy a ticket, go back to Nigeria to,
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  and fro going to be Nigeria, going to go to different states
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  because you are from different states, are from a different
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  states, but went to travel to these states, just the logistics
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  alone in facts is going to take half of the budget that you are
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  planning. For that, you are budgeting for
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  just Logistics of us is going to take half of the budget.
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  So what are we actually talking about?
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  I've done a video where I talked about mortgage or wedding, so
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  add in my head at that point. I was thinking we don't have any
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  investment, like I want an investment, I want a house like
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  I don't want to get married and then come back home with all
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  this mountain of death and then we just do you have all these
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  people you Celebrate them. You said they brought with them.
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  It's a beautiful picture. You can show your kids and all
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  that, but is he really worth it? Is it really worth it?
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  So based on my calculations I was like this is not, this is
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  not I'm not prepared to spend this amount of money.
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  A lot of you were looking at me like I was crazy like you are
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  the woman you should be the one, you know, asking.
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  Him to spend all this amount of money or we were just two
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  different people in terms of finances.
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  We couldn't agree on finance, we couldn't agree like investment.
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  It was just we're good together but in terms of bringing our
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  finances together we're just totally different people.
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  That relationship ended we did not get married.
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  So yeah. That was it.
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  So I can understand in terms of budgeting for a wedding I'm
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  still planning for a wedding. It's a ridiculous amount of
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  money that you're going to be spending.
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  Obviously, this will line Nigeria.
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  So, I'm not even comparing my situation, the situation.
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  I'm comparing is the fact that, you know, you sit down and make
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  your plans. And you think about just the big
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  spending, just the whole just to take just the food, just the
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  deck or just, you know, these are the obvious things that
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  you're going to be spending on, but there are so many, you know,
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  Uncertainties, so many things. You can even just wake up one
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  day and hey, cost of living. I mean, we all know the cost of
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  living maybe yesterday, you were thinking that the food seller
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  told you going to pay a millionaire and they woke up
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  this morning, you know, Nigerian naira is paying with dollars.
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  So if dollars is now it's 109, they will tell you I'm using the
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  we told you one medium, what today is going to be 2 million
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  so that happens. These are things that you may
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  not be planning towards. But these are the things that
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  happens when you're preparing for wedding.
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  And secondly, you know, when you have people, let's say you have
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  bridesmaids, like when I was making all these projects.
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  Okay. I was not preparing for a chief
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  bridesmaid. I wasn't even planning for, you
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  know, I should be people like that was not even part of my
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  budget because I was like, I think I'm just different Aunt in
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  the sense that I don't like stressing myself, especially if
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  it's going to be something that I am celebrating.
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  Like, surprise me. I am one of those people that
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  I'd rather just walk into whatever like, oh my God, I'm
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  getting married today. Let's do it.
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  You know, this think wedding this fall, you know, the couple
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  ball it's not, it's for the family is for either extended
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  families for family and friends to come together to celebrate
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  you. And how Trust to do that, it's
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  your business. On the other hand, I am very big
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  with let's say anniversaries or renewal of vows.
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  I am very big with that. Like I can go all.
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  Let's say I do a wedding and it's just, you know, small
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  something just getting family and friends together, but now
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  getting together to amalgamate you finances together.
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  There's a Chance a good chance that you guys can save together.
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  And then you are able to have that massive anniversary that or
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  massive renewal of vows that you can easily pay for because now
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  you understand each other, you understand how you're going to
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  save money and you plan towards that icy cold pool because most
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  times when people are single, you know, planning to get
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  married. It's usually the fine.
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  I don't think they would talk about finances.
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  I think, one of the biggest challenge people have that I
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  have heard about and I have also experienced is the fact that
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  people are not honest with your finances in relationship.
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  So you can have, you can be dating somebody and they're
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  driving bands, they're doing wearing Gucci designer and all
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  that. Are you thinking, okay, this
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  person can afford it. This person plan You know, even
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  if you are telling you, I want all the black key to the Decay.
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  Let me tell you to do dk28. They came back to watch you and
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  they started planning for their work in.
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  Churchill was, you know, touching was this kind of fine.
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  Boy, we are in designers. Going for trips.
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  She felt that this guy has money.
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  So when they started planning for the wedding Churchill as
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  part, you know, he wanted a big wedding, but he Was telling her
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  that she's Goods as hide off somewhere.
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  He's containers were tied up somewhere.
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  His money is tied up somewhere so he couldn't pay for though
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  wedding at that point in time so he told that to go ahead pay for
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  everything. He is going to reinforce her
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  that was how to do DK went out. She was paid.
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  She said she paid even to the like the honeymoon.
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  She was the one that Buddha Hotel the house.
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  It's not funny honeymoon and after the wedding she said he
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  slips the husband and I think that was the question was, how
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  much like she paid for him to sleep with that?
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  You know, that kind of thing. So I think they should realize
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  that Churchill was just an empty vessel.
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  According to thunder decade that snow my, you know what she said?
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  So he was just there making noise like he did.
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  We'll have any money. So I think for my personal
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  experience and for my understanding I think even if
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  somebody is saying like we all know people willing to be
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  getting married to like, you know, if a person is planning
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  for 100 million wedding and you actually know that they are job
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  or they cannot afford 100 million wedding, what they can
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  actually afford. Oh, this is 10 million within my
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  dad. Why are you, what am I, man?
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  I don't think even if it's, I strongly believe that even if
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  you know that what you can afford is it 10 million within
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  and family and friends are coming together to say, let's
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  all sponsor, 100 million waiting for you.
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  He gave me the 90 million. I have a be married to take care
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  of I would like to take care of one, possibly pop it out kids.
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  So I need a 90 million to kind of, you know, pay my way through
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  until we cannot relax and balance.
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  So maybe during 10 years anniversary, or maybe renewal of
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  vows, we can actually spend 200 million if that is woken up for
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  that time. So I think people are different.
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  People can decide to spend your money, whatever way they want.
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  Whether it's Borrowed whether it's credit card, they're paying
• 14:54
  through. I mean, I just, the whole world
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  is in debts. You even the America were
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  talking about this is that China is in this UK's in that, I enjoy
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  seeing that. So everybody is doing that.
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  Everybody is borrowing to, to survive.
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  So, if somebody now wants to borrow to make the way wedding,
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  it still is their choice. I mean, is that choice?
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  I love weddings. Exile of going to beautiful
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  weddings and you know, seeing different color facilities, the
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  deck or the music, the happiness that is that just fills the air?
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  It is very nice but I think we should also think about after
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  that wedding. Think about the marriage.
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  How is it going to look like? How is it going to look like?
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  Are you going to be to pay 5000? Naira per plate food, and they
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  when you now getting to the marriage, you're drinking carry
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  every day. Is it worth it?
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  I think it's just about having that Investments kind of
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  mindset. I think I'm kind of person that
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  I am big on investments. What I am people, or in
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  anything, don't spend what you cannot earn.
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  That is one of my watchword. If I cannot earn it, I don't
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  have to unless it's an investment.
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  Mint. I can borrow to invest, but
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  let's say board to Spain or borrow to to consume is
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  something. I am not into which is weird
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  because is because it's just is just the way I am.
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  Some people are happy to, you know, burst suspend boards are
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  going to zoom. If I am not borrowing to invest,
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  then it's not going to happen. Like no not happening.
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  So I think it was just what he wants.
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  The reason why I'm bringing this topic is to give people idea on
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  how to kind of break down. I mean, even if you're planning
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  for anything, let's say you have this as a Basics.
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  You look at it and you know that okay, there are 101 things that
• 17:17
  are not there that you need to put in there.
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  Once you plug those in a and it will give you the actual don't
• 17:24
  think, okay? This is just one narrow, let me
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  leave it out, it's just just one era.
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  Why should I put this in my budget, put it there, write it
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  down because all those things are going to add up and it's
• 17:35
  going to come and bite you at the end of the day.
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  So the reason I'm bringing this is for people who are planning a
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  wedding who are planning babies anniversaries, any location that
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  you're planning on and you thinking of how am I going to
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  Was it these things? This kind of give you like a
• 17:55
  skeletal estimation of what things cost.
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  So you do your own findings and you plug in those figures and
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  they show that every other thing is included that will give you
• 18:09
  the actual cost line there is an estimated cost and there's an
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  actual cost. I think the problem is people
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  just run with estimated costs are not looking at the actual
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  cost of things. This is where people run into
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  problems. This is where we will see who
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  the budget. We budgeted for 1 million and
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  now we are in the tens of millions so this is that is the
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  problem. So do your research, do sit down
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  plan, get that spreadsheet, open a spreadsheet planets, tell
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  yourself the truth. You know, sometimes people just
• 18:44
  want to do things because others are doing it.
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  My cousin had a big wedding. I must include, I'll shine her.
• 18:52
  My sister has a wedding was Talk of the Town.
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  Mount will be the talk of the whole nation.
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  I don't know, people just what they want, you know, if you're
• 19:06
  the kind of person that live by the day, you know I just want to
• 19:09
  do this. I don't know what tomorrow is
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  going to bring, go ahead live, your life love is, and I wish
• 19:16
  everybody preparing for the festive season whether you're
• 19:19
  preparing to travel where they were preparing for marriage for,
• 19:22
  they're preparing for wedding any occasion, I wish all the
• 19:28
  best with your plans and with your body, So, thank you very
• 19:32
  much for watching today's episode.
• 19:34
  If you think that you've planned a wedding and you've come out of
• 19:39
  it, and you've spent three, four, five times your budget.
• 19:44
  Let me know, how did you go about your planning?
• 19:47
  How did you go about your estimation and how did you go
• 19:51
  about, you know, putting you know, a buffer or lessee?
• 19:56
  Contingencies in place to ensure that you don't spend way above
• 20:00
  your budget? Let me know.
• 20:01
  No, I'd like to know. So please like this video,
• 20:04
  comment on this video And subscribe to my channel.
• 20:08
  Subscribe subscription is free. Thank you very much for
• 20:11
  watching. Today's episode.
• 20:12
  Bye bye.