Money, Commerse & Investing | Financial site

Refile your money how much wedding will $20,000 buy

Neil began planning their wedding, they had two goals: spend no more than $20,000, and invite 270 of their closest friends and relatives. They accomplished both on May 26 with careful and creative planning. "We chose what was important to us and cut back on areas that were not," says Colburn, who saved on her dress, flowers and other expenses. Despite a still weak economy, American couples are spending more on weddings. The average nuptials cost $27,021 in 2011, up from $26,984 in 2010, according to a survey by wedding planning website But weddings occur at every price point, and almost every couple (recently wed Facebook founder Mark Zuckerberg might be the exception) tries to make the most of limited dollars. While there is great variety on what kind of wedding you can put on, Laura Ursin, a wedding consultant who runs Brides on a Budget, in Madison, Wisconsin, has a rule of thumb for figuring costs: "When you plan your wedding, add two zeros to your guest list." It typically costs more than that in bigger cities. Fortunately there's a budget for every couple. Here's a sampling of what kind of wedding those budgets will buy. A BACKYARD FETE FOR $5,000 Plenty of people spend $5,000 or less, but these celebrations typically are simpler and smaller - something around 20 people, says Ursin. The venue is often a private location like a relative's backyard or garden, which makes renting a private venue, with a price tag of often $5,000 to $20,000, unnecessary. Food is simple - think barbecue - or light, like appetizers, wine and perhaps a champagne toast. Many wedding dresses in small weddings match the casual atmosphere, with the price capped at $500-$1000, says Ursin, who spent $800 on her own wedding dress. Macy's or other department stores that have trunk shows with dresses from previous seasons are good hunting grounds for these brides, as are websites like, which hosts message boards, classified ads and DIY ideas. AT $20,000, SERVE SIGNATURE COCKTAILS While $20,000 sounds like a lot, it's not if the crowd is large. Just ask Colburn, 36, and Neil, 30, both residents of Madison, Wisconsin.

They rented the Madison Children's Museum, which allowed them to bring in their own food vendors. They brought in food trucks with local foods like Wisconsin cheddar macaroni and cheese. For dessert, a local farm provided home-baked pies to take the place of a wedding cake."We wanted the wedding to represent us," said Colburn. "That we are a unique couple, a fun couple."The couple reduced the open bar expense by offering the bride's own favorite cocktail (a mixture of vodka, lime and club soda called a Smitten Kitten) along with wine for three hours during the reception. Beer was served the rest of the night, and all other drinks were offered in a cash bar. THE $50,000 BIG CITY WEDDING If you're getting married in a big city like New York or San Francisco, be prepared to pay a big-city premium. On average, couples in Manhattan, the most expensive location in the country, spent $65,824 on their weddings last year, according to

But couples also pay more for special foods, flowers and display. For example, a decadent "dessert bar" to satisfy foodie couples can add $12-$15 per person for many venues, while a traditional wedding cake can be $3 per slice. Some couples prefer a certain "wow" factor to impress their guests, says JoAnn Schwartz Woodward, a wedding coordinator who plans plush weddings in Houston and who recently organized a light-up dance floor for one couple to spin and sway as guests tossed flower petals ($8,000). These details are difficult to fit into wedding budgets under $50,000. For the picture-perfect scene of a bride and groom gazing up at a fireworks show, be prepared to tack on $5,000-$10,000. One thing that couples are doing less often: serving champagne. Instead, guests toast with whatever they are drinking, typically beer, wine and generic brands of liquor. The difference between top-shelf liquors and the generic brands can be $30 per person."Not everything can be a 10," says Woodward. "I would rather put the money toward something more important."$100,000 Want every guest to enjoy crab claws and oysters during the cocktail reception? You may be paying $100-$150 per person, depending on the location. Fanciful details like a horse-drawn carriage ($650), or sparklers that surprise guests from the centerpieces during the first dance ($3,500), are costly but meaningful splurges for some couples.

Sarah and Mando Leal were married at St. Martins Episcopal Church in Houston in November 2011, just before they threw a reception to remember at the Petroleum Club. The budget, which included accommodations for some of the 310 guests, as well as some big ticket items that offered that "wow" factor, was close to $125,000. The flowers, Picasso calla lilies to match Leal's purple and white color scheme, came in at about $8,000; 30 centerpieces, including hanging candle lights, cost around $200 each. Dance lessons for a couple who wants to impress their guests with their first spin around the dance floor can range from $200 to $600 for a few sessions. The Leals did a choreographed number, adding sparklers timed to burn just as the couple took to the dance floor for the first time. Sarah's silk and satin ivory dress cost around $6,000; she spent a couple thousand more on her diamond necklace and earrings. For dinner, guests ate filet mignon and red snapper with crab meat ($70 per person), while a 12-member Dallas band called Limelight played on the bandstand ($12,000). As favors, guests picked up Mexican cookies made and decorated by one of the groom's relatives and wrapped in gold cellophane. The Leals' cake was decorated with flowers and linens in a lush presentation for $3,700. SAVING FOR EVERY BUDGET Every wedding planner has a short list of savings. Here are a few suthis site Cut the guest list. Weddings are getting smaller, and it's one of the easiest ways to cut expenses. The average number of guests fell to 141 in 2011 from 149 in 2010, and from 153 in 2007, a c cording to Make your own centerpieces. Use a flower designer for the bouquets the wedding party carries, but consider arranging the reception tables yourself, with modest smaller displays that won't get in guests' sightlines.- Forget the favors. Unless they are crafted to represent the couple in a unique way (the Mexican wedding cookies, or handmade chocolate wrappers with the guests' names on them, for example), they are often a cost that can easily be eliminated."You think, 'God, why do you spend so much on a wedding?' But then you realize that once you have to feed all these people, you have to find solutions," said Colburn.

Rpt fitch affirms semper finance 2006 1 & 2007 1s notes

May 24 (The following statement was released by the rating agency)Fitch Ratings has affirmed Semper Finance 2006-1 Ltd.'s senior swap and class A to E notes and Semper Finance 2007-1 GmbH's class A1+ to E notes. A full list of rating actions is at the end of this release. RATING DRIVERS The affirmation is driven by strong collateral performance, scheduled amortisation and loan repayments. As a result, the Semper Finance 2006-1 reference pool has reduced in balance to EUR538.5m from EUR604.3m (EUR1.85bn at closing) and the Semper Finance 2007-1 pool to EUR294.0m from EUR351.4m (EUR1.00bn at closing) since July 2012. Credit enhancement available to each class has increased through sequential repayment. Fitch believes that the risk profile of both remaining reference pools has stayed largely stable. SEMPER FINANCE 2006-1 While the WA (weighted average) vacancy across the reference pool has remained broadly unchanged since July 2012 at around 7.6% (up slightly since closing), the WA loan-to-value ratio (LTV) has fallen to 45.3% from 46.9% (64.7% at closing); and over the same period, interest coverage has improved to 4.0x from 3.7x (2.7x at closing). Furthermore, there have been no credit events (defined as bankruptcy of the relevant borrower or failure to pay) since the transaction closed in 2006. SEMPER FINANCE 2007-1 The reported WA LTV has declined slightly to 66% from 67% since July 2012. The portfolio has also seen an improvement in its WA vacancy rate to 3.7% from 4.1% (6.9% at closing). At the same time the, the portfolio's WA debt service coverage ratio (DSCR) has been stable at around 1.4x. Despite these improvements, defaulted reference claims on the reference portfolio have risen slightly to 7.8% from 7.7% of the pool by loan balance, and are now attributable to 21 loans, down from 24 a year ago. Fitch believes that the potential losses from defaulted reference claims are largely offset by the protection offered by unrated junior classes (EUR27.7m) and by the significant portfolio amortisation, which increases credit enhancement and mitigates the risk of collateral underperformance.

RATING SENSITIVITIES Should the number of credit events in either reference pool increase unexpectedly the Outlook on the Semper Finance 2006-1 class E and D notes may be revised or the class E rating of Semper Finance 2007-1 be downgraded. The rating actions are as this site Finance 2006-1 Ltd.:EUR48.3m Senior Swap affirmed at 'Asf'; Outlook Stable

EUR0.02m Class A+ (XS0274873941) affirmed at 'Asf'; Outlook StableEUR138.0m Class A (XS0274874246) affirmed at 'Asf'; Outlook StableEUR111.5m Class B (XS0274874592) affirmed at 'Asf'; Outlook StableEUR92.5m Class C (XS0274874832) affirmed at 'Asf'; Outlook StableEUR83.0m Class D (ISIN: XS0274875052) affirmed at 'BBB+sf'; Outlook PositiveEUR32.7m Class E (ISIN: XS0274875565) affirmed at 'BB+sf'; Outlook Positive

EUR7.4m Class F (XS0276247748): not ratedEUR25.1m Threshold Amount: not ratedSemper Finance 2007-1 this site A1+ (XS0305670647) affirmed at 'Asf'; Outlook StableEUR10.0m Class A2 (XS0305670993) affirmed at 'Asf'; Outlook StableEUR51.8m Class B (XS0305671298) affirmed at 'Asf'; Outlook StableEUR51.7m Class C (XS0305671454) affirmed at 'BBBsf'; Outlook StableEUR49.1m Class D (XS0305672262) affirmed at 'BBsf'; Outlook Stable from NegativeEUR20.3m Class E (XS0305672692) affirmed at 'Bsf'; Outlook NegativeEUR8.7m Class F (XS0305672858): not ratedEUR11.4m Class G (XS0305673070): not ratedEUR7.6m Threshold Amount: not rated var $relatedItems = $('lia "/article/riyad-bank-dividend-idUSD5N1E9002"Saudi\'s Riyad Bank recommends lower cash dividend for H2 2016/a/lilia "/article/idUSFWN1EU0AO"BRIEF-CME Group reached record average daily volume of 15.6 mln contracts in 2016/a/li'), $relatedItems = $relatedItems.slice(0,10), relatedBlockLimit = Number('6'), relatedItemsTotal = $relatedItems.length, $paragraphTags = $('#article-text p'), contentParagraphs = 0, minParagraphs = Number("8"); for (i=0; i $paragraphTags.length; i++) { if ($paragraphTags[i].innerText.trim().length 0) { contentParagraphs = contentParagraphs + 1; } } if (contentParagraphs minParagraphs) { setTimeout(function(){ if (relatedItemsTotal relatedBlockLimit) { $('.first-article-divide').append('div class="related-content group-one"h3 class="related-content-title"Also In Financials/h3ul/ul/div'); $('.second-article-divide').append($('.slider.slider-module')); $('.third-article-divide').append('div class="related-content group-two"h3 class="related-content-title"Also In Financials/h3ul/ul/div'); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(' ul'); var $relatedContentGroupTwo = $(' ul'); $.each($relatedItems, function(k,v) { if (k + 1 = median) { $relatedContentGroupOne.append($relatedItems[k]); } else { $relatedContentGroupTwo.append($relatedItems[k]); } }); } else { $('.third-article-divide').append($('div class="related-content group-one"h3 class="related-content-title"Also In Financials/h3ul/ul/div')); $('.related-content ul').append($relatedItems); } },500); } Next In Financials Dubai Islamic Bank requests proposals for dollar sukuk - sources DUBAI, Jan 4 Dubai Islamic Bank (DIB) has asked banks to submit proposals to arrange a potential U.S. dollar-denominated sukuk issue, sources familiar with the situation said on Wednesday. BRIEF-Colliers International UK acquires hospitality asset management firm * Colliers international uk acquires market leading hospitality asset management firm BRIEF-Dena bank to consider capital planning for FY 2016-17 * Says to consider capital planning for FY 2016-17 i.e. raising of capital through equities and/or bonds Source text: this site Further company coverage: MORE FROM REUTERS window._taboola = window._taboola || []; _taboola.push({ mode: 'organic-thumbnails-a', container: 'taboola-recirc', placement: 'Below Article Thumbnails - Organic', target_type: 'mix' }); Sponsored Content @media(max-this site) { #mod-bizdev-dianomi{ height: 320px; } } From Around the Web Promoted by Taboola window._taboola = window._taboola || []; _taboola.push( { mode: 'thumbnails-3X2', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' } ); window._taboola = window._taboola || []; _taboola.push