Wedding Budget: Plan Ahead of Time and Save Money

In this day and age, the average wedding will cost around $26,800 (that is not including the honeymoon). A wedding, without proper planning, can put the couple into debt and that is certainly not a way to start a fairy tale. Unless you plan ahead of time, you will start your “I do’s,” off by wondering about your financial needs. In this particular article, we would like to explain the costs associated with weddings, why it’s important to plan a wedding ahead of time and the steps to make a wedding budget.

Costs Associated with Weddings

Dress – The dress, something every girl dreams of wearing someday – she wants a special dress for the extra special occasion. The price of a wedding dress will vary, depending on the brand chosen. You have the basic dresses, the custom-made dresses and the high-end boutiques. The price will range anywhere from $100.00 to $8,000 and up. The average price of a wedding dress is $1,100.

Tuxedo – Getting the tuxedo is not as complicated as getting the dress. The groom can easily rent a tuxedo for $140 to $200.00. Generally, this price is going to include the tie, tuxedo, fitting, vest, shoes, etc.

Flowers – The cost of flowers will include the decorations, the bouquets, boutonnieres, corsages and the flower girl’s flowers. The price can range anywhere from $100.00 to $5,000, depending on the type of flowers you choose.

The Cake – Normally, the wedding cake is prices per slice. The slices will range anywhere from $1.50 to $12.00. The different colors, sizes, type of icing and details will affect the price of the cake. The more elaborate the cake is, the higher the price will be.

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Photographer – Every wedding needs to have a photographer. The photographer will cost anywhere from $250 to $10,000.

Wedding DJ – We cannot forget about the music at a wedding. The price of a wedding DJ can range anywhere from $50.00 to $300.00 per hour.

Catering – The expense for catering will depend on the time of day, part of the country, number of guests and the type of reception. The price will range anywhere from $20 to $400 per person.

Planner – Many are not able to handle planning a wedding on their own, so they hire a wedding planner. The planner will cost anywhere from $1,000 to $6,000.

Reception – The price of the wedding reception will depend on the amount of guests, the number of staff, the space needed and the location. The average costs range from $50 to $10,000.

Rings – The price of the rings will all depend on what you select. The price will range anywhere from $100 to $20,000 and beyond.

Why It’s Important to Plan a Wedding Ahead of Time

It is obviously important to plan a wedding ahead of time in order to save money. By planning your wedding anywhere from three months to three years in advance, you will have enough time to think the budget over.

Steps to Make a Wedding Budget

It is important that you make a wedding budget. If you don’t, you could end up spending much more than intended. Below are the steps to take to make a wedding budget:

Write everything on a piece of paper.

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Write the prices you are willing to spend next to each thing.

Shop around and find the cheapest prices.

Once you come up with a budget, make sure you stick to it.

The bottom line is, weddings cost a great deal of money. If you want to save money, you need to research the costs involved and figure out how to reduce those costs.