Are you recently engaged or starting to plan your big day? Unsure of how much a wedding actually costs? Well, there are a lot of 20-somethings out there planning their dream wedding while racking up a ton of debt.
The Knot, a top wedding website released the results of its annual Real Weddings Study. This report surveyed nearly 20,000 U.S. brides and grooms married in 2013. You may be shocked to know that the average cost of a wedding last year was almost $30,000. That’s like buying a brand new SUV!
Check out the infographic below to see the average cost of a wedding:
Are the costs on this chart causing you to have a major meltdown? If so, don’t worry! There are ways to reduce costs in each category. Consider buying second hand or asking friends and family to help you out on your big day!
- For the venue, consider having the ceremony and reception at the same place. Outside or maybe in a family member’s back yard?
- Friends or co-workers with a niche for photography may be willing to shoot your wedding/engagement pictures for a small fee.
- Ask friends or family members who have great baking skills to make your wedding cake.
- Consider a buffet over plated dinners to reduce costs.
- If you are looking to cut back on decoration costs, this is your chance to get creative! Pinterest has a ton of DIY decorations that the average person could pull off. It may take a little longer, but your wallet will thank you in the end.
- You only wear your dress for one night right? Consider buying/selling your wedding dress on sites like Craigslist. If you are considering buying your dress, you may just have to get a few alterations, but you will be on your way to looking like a million dollars for a small cost! Selling your dress will also help get some of that money back that you invested into your big day! Either way, it’s a win-win situation.
Keep in mind that your wedding is just one (very special) day. You don’t want to make financial decisions for one day that will impact you for many years to come, so don’t go overboard!
Do you have any wedding planning tips for those who are newly engaged?
For more budgeting tips to help you prepare for your wedding day, check out The Budget Savvy Bride , a website that helps brides create beautiful weddings without breaking the bank!
Happy Wedding Planning!