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

posted 9 years ago in Money
Post # 16
Member
3768 posts
Honey bee
  • Wedding: August 2013 - Brookfield Zoo

I think it’s super expensive, but having been out of college for 4 years has allowed me to save… I’d rather not spend that much, but I am prepared to for a special once in a lifetime event!

Post # 17
Member
1179 posts
Bumble bee
  • Wedding: April 2012

In the end, we will have spent just under $15k for everything–including our rings and honeymoon, and my engagement ring!! (I wanted a say in my ring cost since even before we got engaged I handled the finances.)  And we are having what is our “dream”  wedding. It is evenly split, with half going to our honeymoon and half going to our wedding, less the rings. And we are in the city.

I cannot imagine spending almost double that just for the wedding. And we make okay money (not great, but okay).  Even the $15k makes me choke a little!!!!!

Post # 18
Member
10283 posts
Sugar Beekeeper
  • Wedding: October 2011

Your wedding doesn’t have to cost $26k. You can have an amazing celebration on any budget. There are girls on here who pulled off lavish affairs for under $10k. You just have to do your homework, research your ass off and get creative. You’ll have to put a bit more work into having a lower budget event since you won’t be paying top dollar to have everything provided for you but if you ask me, I think that’s half the fun.

We had an amazing wedding for less than $15k. It took a year and a half of heavy planning and countless DIY’s but I wouldn’t change a thing. Don’t let the “average” scare you. I actually don’t know anyone who’s spent the “average” on their wedding. Then again, I’m not in a big city where everything costs an arm and a leg. 

Post # 19
Member
1495 posts
Bumble bee
  • Wedding: April 2014

I think its a crazy amount to spend on a wedding!

However, I find the “average” cost to be misleading. Averages are easily skewed by a handful of ridiculously high amounts. I looked but couldn’t find a median amount spent on weddings. The median would be the most ideal number to look at.

Post # 20
Member
13906 posts
Honey Beekeeper
  • Wedding: November 1999

It does really depend on where you live.  I’m really jealous of all you Bees that are able to keep the budgets at 10-15k! 

Post # 21
Member
2999 posts
Sugar bee
  • Wedding: May 2013

I think its a lot! I would believe that to be about the local average. Like redheadem said, it comes down to your priorities. I always said ‘black tie big wedding’ now I’m leaning more towards ‘small & classy’ and I know it will be much cheaper than the average.

ETA: I’m also planning ahead now! I’m hosting a bridal shower and making the centerpieces. Guess where those will be seen in a couple years?? Yup those cup cake stands will be re-re-cycled into my centerpieces someday!

Post # 22
Member
2231 posts
Buzzing bee
  • Wedding: September 2012

I think for my area it’s pretty normal. I spent months trying to figure out a way to make it less expensive but the biggest cost is the reception food and alcohol which was not going to budge much. The per person cost here starts at $100 and that doesn’t even include gratuities or taxes. We could have found some cheaper options but in the end the $ saved would not have made that big of a difference.

Post # 23
Member
4673 posts
Honey bee
  • Wedding: August 2012

I can’t imagine spending that much or a wedding in general or one in my area.  We are probably spending about $7000.  In the area I am planning this is totally do-able.  Like a lot of people here I would rather put most of the $26,000 (If I had it) toward paying back student loans or a on a house down payment.  

Post # 24
Member
18 posts
Newbee
  • Wedding: September 2012

I suppose the cost somewhat bothers me, but I think its the result of the Wedding Industrial Complex (“WIC”) telling us we need chiavari chairs and designer dresses and shoes. I’m a little guilty to say I’ve given in to the WIC by getting some of the fancier items.We’re looking at around $50K for 140 guests, not including honeymoon or rings. This is LA so things are pricey here.

That being said, I’m lucky enough to have parents that are willing to help out with a significant amount of the cost. Also, the Fiance and I are in our late 20s and saved up a substantial amount to come up with the other part. This account is segregated from our buying a home fund so we won’t be tapping in to that either.

I think what it comes down to is people should pay for what they want which is within their means. I think its crazy that people would even consider going in to debt for the “Wedding of their dreams”.

Yes, you only get married once, but really if you can’t afford it, scale back. You can still have a tastesful affair if you pay attention to the details.

Post # 25
Member
4884 posts
Honey bee
  • Wedding: May 2012

Our wedding is hovering around the $25k mark and I have zero regrets.  It’s going to be a gorgeous event (if I was a dreamer type I’d call this my ‘dream wedding’) and we’re very excited.  Could we have done it for less?  Sure.  Every choice we’ve made could’ve cost less from the dress to the food to the venue to the details.  But this is the decision we made and it’s going to be lovely.

But to say the AVERAGE cost of weddings is $XX,XXX isn’t correct – they should say what the majority of people who are actually getting married are spending, or the median.  I bet the majority of people are spending 10-12k, so lets take two of them and add mine in.  10+12+25 = average of $15,700.  Even though 2/3 of us are spending less, my wedding is throwing it off and making it seem much higher.  Which isn’t fair- the majority is spending far less, and the weird one (me) is throwing off the average.

Here’s an article that might better explain – I haven’t had my coffee yet.   http://www.intimateweddings.com/blog/the-28704-myth-the-%E2%80%98average%E2%80%99-cost-of-a-wedding-is-not-what-you-think-it-is/

 

Post # 26
Member
2966 posts
Sugar bee
  • Wedding: May 2014

That average is a little scary but you have to take certain aspects into consideration.

First, that number changes wildly based on the location – Here in NYC that price would be considered quite low. Second, you have to take into consideration your own finances – as many PPs have said, being straight out of college and having loans and whatnot does not allow for that much dough to accumulate (and if it does, it sure won’t be spent on ONE day).On the other hand, if you are a successful professional and don’t have any loans/kids/mortgages or other responsibilities, then you will invest the majority of your income on that one day…(I wouldn’t, but that’s just me).

It’s all relative. You don’t need to go into dept to have a memorable wedding. The best weddings are the ones that come from the heart, not from the pockets.

The last wedding I attended was in 2010 and it cost 50K (just for the bride’s parents, I am not counting the few thousand the groom’s parents put in). I was astonished when I found out. I thought these people must be made of money!..As it turns out, these people had taken a second mortgage out on their house. I mean…that just makes me feel bad but at same time, it makes me wonder how people think???

Long story short – that day is to celebrate two people’s love, so make it fun and save your money for a kick-ass honey moon.

Happy planning.

 

Post # 26
Member
2853 posts
Sugar bee
  • Wedding: May 2012

These numbers don’t really bother me, no more than $10K wedding dresses do. I would never be able to spend that much money – mentally, I mean, I couldn’t do it even if I had that money sitting in the bank, it would not be an enjoyable experience – but if that’s how someone else chooses to spend theirs, power to them. 🙂

Post # 26
Member
2583 posts
Sugar bee
  • Wedding: June 2012

View original reply
@Mrs.Sunflower:  Ah, okay. I’m going to a fairly large, expensive school (public though, so at least it’s not private school expensive! lol), and while I’m working, it’s not much. And FI’s spend all his savings on his own schooling. So I’m stuck with student loans.

Post # 27
Member
2849 posts
Sugar bee
  • Wedding: May 2012

I think you should spend what you are comfortable with. Make a list of wedding priorities, and give up some things that you don’t care about if you need to stay within budget. 

Post # 28
Member
7899 posts
Bumble Beekeeper
  • Wedding: March 2012 - Pelican Grand Beach Resort

It’s a crazy amount; that said, it’s less than my wedding will be, and this is an encore. The first cost about $25000. This, however, is my Mom’s doing, not ours. Fiance and I wanted a simple, fun, understated celebration; she wanted the big to-do, and well.. that’s what’s happening. It sucks, though, because that made the things we are paying for more expensive too, because now the flowers and dress and mens ware, etc., has to match the formality of the venue and reception.

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