While planning for my wedding, a single thought stayed with me throughout the process….
All of the money we are spending is for ONE DAY!
I know A LOT goes into wedding planning when you’re in the thick of it and who doesn’t want a nice wedding? With all of the TV shows we have out there now on TLC & Bravo, a girl can’t help but DREAM! Then, when you starting seeing the cost for everything you want or think you want, you get SLAPPED back into reality QUICK! lol. However, as the $$$$ piles up for photographers, flowers, attire, DJs, etc., I could not help but wonder how much other couples spend on their weddings. So, in true ME fashion, I went to Google and did a wee bit of research. Now hopefully, by this point, an engagement ring has already been bought so you know the exact expense you can add to your budget, if not, then you may want to shop around and discover more on websites like gemaandco.com to prepare yourself.
Now, unless your Bill Gate’s kid, you and your fiancé/fiancée will have a specific wedding budget in mind. While some stick to their budget, the reality is that things add up quickly and can often exceed the original wedding budget. According to TheKnot.com, the average wedding runs from $27k-$40k+ (the $40k+ being if family is helping or someone is throwing the wedding for you). A friend of mine sent me this little graphic below (thanks Jen) and it really puts some things into perspective.
As a side note, weddings in urban areas (DC Metro Area for example) cost MORE. (Go figure & lucky us). So, to future brides and grooms…if you want keep it cheap, get married in NO MANS LAND COUNTRYVILLE & have the wedding of your DREAMS! lol According to the Knot, for an 150 guest wedding, one should expect to spend $25k+. Here is a basic budget breakdown percentage wise provided by The Knot (please note it does NOT include the honeymoon):
Flowers: 8%- 10%
Entertainment/music: 8%- 10%
Photography/videography: 10% – 12%
Wedding rings: 2%-3%
Parking/transportation: 2% -3%
Side note: I do not agree with including the cost of the engagement ring in the wedding budget because that’s before planning starts and has nothing to do with the wedding expenses…but that’s just me.
After looking at those numbers/percentages, surely you are asking yourself, “How can I NOT go into wedding debt?” The last thing you want to worry about on your wedding day is what you have to pay off! Can you imagine standing at the altar like…”Ok, I have to pay the caterers $X tomorrow, put $X on my dress on Tuesday, then $X on Friday for flowers, etc.” Not romantic at all!
Wedding saving tips:
- Save, save, and save!! About 15%-20%+ of your monthly income should go toward your wedding.
- Cut back on spending: Grab a redbox instead of going to the movies, do your own nails, cook more at home, and wear the clothes in your closet more than ONCE (who isn’t guilty of that?!?)
- Ask for help! You never know what can happen if you ask. So ask both of your folks and add whatever they can contribute to your total balance so you know what you are working with!
- DO WHAT YOU CAN AFFORD! Everyone’s budget is different and you can’t always be trying to “Keep up w/the Jones’s” (or Kardashians for us younger folk). No two weddings are alike and just remember it’s about YOU & your GROOM so who cares what someone else did or is doing at their wedding! Focus on yours!!