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Apr 2, 2015 · For a fair contribution, divide the overall costs by the number of attendees. Before dividing, make sure to subtract the profits you made for reunion funding. Here’s a simple calculation: (Overall family reunion cost – outsourced funding) ÷ number of attendees = cost per person.
Once you have a total estimated cost of the reunion (Make sure to take out what you expect from fundraisers, auctions, and donations), divide it by the number of attendees to get a cost per person for the family reunion. The resulting number is what each family needs to contribute per person. Cost of Family Reunion $24,000.
Example: Let’s say you have 50 people attending your family reunion, and the cost per person is $100. The event lasts for 3 nights, and you’re providing 3 meals per day. Using the calculator, the estimated total cost would be $67,500. FAQs: What does the “Cost per Person” include?
- Know the Budgeting Objective. That objective of your reunion budget, of course, is to avoid going broke. You also don’t want to upset the attendees, so it’s best to determine the reunion’s finances early and meticulously.
- Start Your Reunion Planning and Budgeting Early. If you start your reunion planning early, you’re more likely to find the best deals for your budgeting needs.
- Decide the Family Gathering Details. Get an initial understanding of the potential reunion costs. First, try to establish how many people will attend the family gathering, plus when and where the reunion will take place.
- Budgeting and Planning with Spreadsheets. Budgeting for a family gathering or reunion needs to incorporate all the potential costs involved. The best way to create a budget and then monitor your use of that budget throughout the planning process is to track everything in a spreadsheet.
Aug 19, 2023 · Cost per Attendee is the estimated individual expense. Additional Costs account for unexpected or miscellaneous expenses. Example. Imagine planning a reunion for 50 family members, with an average cost of $30 per person. Let's say you anticipate an extra $150 for unforeseen expenses.
Plan a small cushion (5-10%) built into the budget as well for the unexpected expenses that are bound to show up. While your goal should be to break even at the end of the reunion, any leftover funds can be utilized towards the next reunion. Family reunion budget is to make sure you are not underfunded. Don't be asking family members for more ...
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Oct 17, 2024 · The first step in planning a family reunion is to determine your total budget. Sit down and figure out how much money you can realistically spend. This will guide all your decisions, from the venue to food and activities. Once you have a total amount, allocate funds for different aspects of the reunion. Decide how much you want to spend on the ...
