(Closed) How Do You Feel About The Average Wedding Budget?

posted 6 years ago in Money
Post # 3
Member
875 posts
Busy bee
  • Wedding: May 2012

@jwinnings:  Aw, not all weddings cost that much! My wedding is costing me about 11000 dollars (much higher than I had thought by the way) and I’m a college student, my Fiance is a beginning electrician, so we’re not making  that much. I managed to scrounge up 10,000 in almost two years. It’s possible to have a wedding, you may just have to cut some things. Like, most people don’t need dancers, performers, or that chocolate fountain 😉

Post # 4
Member
1064 posts
Bumble bee
  • Wedding: June 2012

It also depends on where you live, what you want, what you are willing to forgo. I am extremely lucky that my parents have offered to help. Or we’d be going to a JOP. 

Post # 5
Hostess
16213 posts
Honey Beekeeper

Don’t forget that just because that’s the average wedding cost, that doesn’t mean it’s the average for people right out of college. And that also doesn’t mean that to have a beautiful, special wedding, you have to spend that much.

I was really lucky in that my parents very generously and lovingly gifted me a beautiful wedding. If my husband and I had paid for it ourselves, it would have been a different kind of affair — still lovely and meaningful, but very much toned down in size and expense.

Post # 6
Member
2584 posts
Sugar bee
  • Wedding: June 2012

I personally don’t think I could spend $26,000 on a wedding even I weren’t a poor college student. A huge fancy wedding just isn’t one of my priorities, I just want something nice to celebrate with my family. Our wedding is coming to about $9000 total. Fiance and I are paying about a third of it, our parents are helping with the rest. Okay, I’ll be honest, I might have to dig into my student loans to buy the wedding rings, but the rest will be covered with the education tax returns I’ll be getting. And if our parents weren’t helping, we probably just would’ve done a very small ceremony and not have booked photographers that eat up about 40% of our budget, lol.

@Mrs.Sunflower:  When you say you managed to scrounge up $10k… is that with school already paid for? I’ve got quite a few student loans that in reality, if I could come up with $10k right now I’d STILL be way in debt so it wouldn’t help toward the wedding… I’m just curious if you’re figuring that with or without student loans in the picture.

Post # 7
Member
4014 posts
Honey bee
  • Wedding: October 2013

I think its cray cray. At least for us lol

We’re budgeting around $12000 and even thats a lot to spend on one day for us! I’m planning on coming in under that and so far so good.

You have to remember that that number reflects those millionaire children and movie stars who spend hundreds of thousands on their weddings so I would assume it would skew the results to be higher.

Post # 8
Member
3175 posts
Sugar bee
  • Wedding: May 2012

I found the average a little daunting, too, at first. And, when I started looking at vendors, I saw how easily a wedding could add up to that and more! We’re keeping ours around $8000, including the rehearsal dinner & rings, without really forgoing anything that we wanted, so spending $20K+ on a wedding is definitely not necessary. 

Post # 9
Member
3799 posts
Honey bee
  • Wedding: June 2012

I have heard that stat before, too, and I sincerely hope when all is said and done we are nowhere close to that!

I am hoping ours comes out a tad under $10 grand. I dont like spending that much, but I dont want to go over that!

Post # 10
Member
2697 posts
Sugar bee
  • Wedding: June 2012

Don’t forget, averages take crazy outliers into account. Like a 100,000 wedding is counted the same as a 2,000 wedding, though guess which one makes the “average” cost crazy high? Averages are not necesarily the most common amount the majority of people will spend.

Post # 11
Member
2702 posts
Sugar bee
  • Wedding: November 2011

It’s crazy. I’m 23 and our wedding cost much more than that. We paid for 50% of it. Honestly, we saved a lot each month and cut back other expenses. The money was very stressful but the security of having it was a great feeling. I’d see the cost of our chair covers and panic at first, but then I’d look at our wedding fund and feel good knowing we have it and that we saved for it.

It was worth every penny

Post # 12
Member
5273 posts
Bee Keeper
  • Wedding: October 2009

I see wedding budgets like I see any other budget: clothes, home decor, etc.

Don’t know if you have seen the show on HGTV called the “High/Low Project” but the designer takes a space creates it with all the top notch furniture, rugs, lighting, and decor & then re-creates the space on very low budgets and the rooms look SO similar. This is how I see weddings. Just because a budget is low or high, a similar look and feel can be achieved. It’s all about planning, practice, and being creative.

Post # 13
Member
364 posts
Helper bee
  • Wedding: March 2012

It depends on where you are, too. 26k is probably the national average? The average cost for a wedding in a smaller town vs a large city is probably pretty different.

 

Post # 14
Member
875 posts
Busy bee
  • Wedding: May 2012

@galloway111:  I’m going to a community college right now. I haven’t had to take out school loans, but don’t have any sort of financial aid at all these past three years (it’s been really difficult to even try to get it here). But I saved up the money myself, and my fiancee is saving on his end, too, but that is for when we are living together and I like to have money in the savings account. =] So yeah, from every pay check I would chisel away money until I got enough to pay off the venue, photographer, band…etc.

Post # 14
Member
781 posts
Busy bee
  • Wedding: October 2012

It really depends on where you live, and what aspects of the wedding are most important. We’re getting married in October and I’m in the beginning of my planning. I never realized how much everything would cost. I had originally wanted a photobooth but after seeing that they are like $800 that is something that we will do without.  My fiance and I are on a budget of $7000 and thankfully my aunt/godmother offered to pay for my wedding dress. My parents are helping some, but the bulk of the wedding will be paid for by my fiance.

Post # 15
Member
3626 posts
Sugar bee
  • Wedding: September 2012

You have to decide what your priorities are. What do you want for your wedding and what do you want for your life in general? If having a 400 guest, black-tie wedding is more important than say a year of grad school or a car, great! If you’d rather have a down payment, scale back on the wedding by only incorpor ating the most crucial elements. It sucks if you can’t have it all, but you want to create a solid financial future for your marriage.

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