And while you love your friends from work, they’ll understand that you are keeping the event intimate. There are positives to big and small weddings, but because you’re opting for a small one, let’s focus on those! Smaller weddings allow you to relax and enjoy the day with your nearest and dearest, rather than a sprawling guest list that includes your mother’s book club besties. You also have a more modest cost for food, beverages, service, tables and table settings, linens, and invitations. You book a smaller venue (about half the cost of the average wedding).
Minimize the size of your guest listĪ smaller guest list means a lower-cost wedding for so many reasons. Nearly an equal amount stayed on budget, and just 6 percent say they came in under budget. The Wedding Spot lets you filter venue options by budget to help you narrow your options with ease.Īlmost half of couples (45 percent) say they went over their wedding budget. You’ll allocate extra funds for that expense and find a more affordable dress, borrow the tux, or explore affordable wedding venues. Perhaps music is most important to you both. Spend some time prioritizing again, but this time you’ll rank the importance of different aspects of your wedding. Take a good, hard look at the numbers and set a budget you can live with comfortably. The takeaway? Once you establish a budget, it’s not likely the final tally will be much lower. Almost half of couples (45 percent) say they went over their wedding budget. If one or both of you are feeling a little sad about not having the budget for a bigger wedding, just remind yourself of the research that finds couples with costly weddings have a higher divorce rate. Establish a “guiding star” to help you keep things thrifty through planning process. The two of you will soon face countless decisions on saving and spending: There are a lot of ways to spend money on a wedding, and a lot of ways to reduce costs. Maybe you both like the idea of a long, multi-country European vacation more than an extravagant party. Perhaps you will put it towards a nest egg to buy a house, or put it towards your kid’s college fund. This is much-needed conversation to have anyway it helps you prioritize and understand what truly matters to each of you.ĭecide together whether you are using the saved money to pay down student loan debt, or simply avoid accruing debt. Set aside a time to discuss what you will use the money for later. Now it’s time to commit to an affordable wedding.
Commit to an affordable wedding and clarify your priorities is contributing, it doesn’t mean he can add endless names to the guest list-that will quickly undermine your low-cost goal. Kindly establish boundaries at this point too. Sit down with all the financial stakeholders (not necessarily all at once) to establish who is contributing what. Most couples-the 80 percent in the middle-had a mix of contributors. About another 10 percent had it entirely paid for them. In 2018, nearly 10 percent of couples paid for their wedding entirely on their own. Know where the money for your wedding is coming from
WEDDING BUDGET PLANNER FREE
You just have to get creative with your choices and nab some of the strategies and ideas below.įind the perfect wedding venue! Get Started Free 2. No matter where you are, however, you don’t have to spend the average-even in glamorous Manhattan. The average shifts by location-so the average wedding cost in Idaho is $16,366 while the average price in Manhattan is $96,910. The average wedding cost in the United States costs just shy of $34,000. Know you can have an affordable wedding anywhere Discover 47 tips for planning a low-cost wedding: 1. Read on for low-cost planning strategies, and tips to help you start your life as a team on sound financial footing. If you don’t have a large budget for your wedding, you can still host a fun and memorable celebration at an affordable wedding venue without dipping into your savings or maxing out your credit cards. The more money you trim off your wedding expenses, the more you’ll have to launch your happily ever after. Your marriage is about your love and your partnership, and beginning your life together in the red is not ideal. More than a quarter of couples in the US report going into debt to pay for their weddings.
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