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Wedding Day Budgeting: Have Your Dream Day Without Breaking the Bank

Wedding Day Budgeting: Have Your Dream Day Without Breaking the Bank
October 24, 2016 Prosperity Connection

Did you know that the average cost of a wedding in the United States is $26,645?

With a venue priced at nearly $10k, and a dress averaging in excess of $1k, wedding-related expenses can quickly become unruly. As a newly engaged young woman, it didn’t take long for me to realize that the quotes I was requesting were consistently higher than I expected. But it becomes easy to justify the grossly inflated costs because, after all, all brides want their wedding day to be perfect. The ‘you only do it once’ mentality can make you part with far more money than you probably should. Unfortunately, despite your excitement as that perfect day goes off without a hitch, you’re still left with a pile of invoices and, often, a significant amount of debt and suddenly your ‘once in a lifetime’ expenses have followed you well into your marriage.

Fear not, though – here are a few ways to reduce those pesky invoices.

  1. Negotiate: Most vendors are willing to discuss pricing, especially if they haven’t booked another couple on that day. Carefully crafted negotiations can often get you a slight reduction in cost.
  2. Double-check your guest list: Many wedding venues charge on a per head basis. When preparing your guest list, ask yourself if that distant cousin or friend-of-a-friend is really worth the cost.
  3. Consider a weekday and the time of year: One of the easiest ways to save money on your wedding is to choose a day that is within a venue’s “off-peak season.” A wedding on a Friday in November could be significantly less expensive than a Saturday in July. And let’s be honest, a guest would much rather a cool 72 as opposed to a blistering 95.
  4. Get by with a little help from your friends: Ask your family and friends to get involved – whether it’s making the centerpieces or baking desserts for your guests. It will make them feel part of your special day and save you some money.

So before you go spending every last nickel and dime or charge your way to the altar, remember that a wedding is about marrying the person you love, not breaking the bank.

 

Abby McNamara, Prosperity Connection Staff