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

posted 9 years ago in Money
Post # 44
Member
4499 posts
Honey bee
  • Wedding: September 2010

I think that $26k figure is the mean wedding cost. The median cost would better represent the “average” wedding cost, and (I think) it would be a lot lower than that. Our wedding was very beautiful (in my humle opinion, haha!) and was well under this average figure.

The point is, don’t worry! Spend what you are comfortable spending. A low-budg wedding CAN be done. Here’s the secret: all these things that people say you “need”…. you don’t really need them. 

Post # 45
Member
7605 posts
Bumble Beekeeper

Oh man, even if I got every single thing that I wanted, I still don’t think I’d be spending $26,000!  Ours will be closer to half of that and it’s scary enough to be spending that much as it is!

Post # 46
Member
802 posts
Busy bee
  • Wedding: September 2012

Our budget is about 6k now for 100 people. I think that it’ll be just as good as if we spent 26k on it!

Post # 47
Member
2413 posts
Buzzing bee
  • Wedding: September 2012

Fiance and I are getting married with 150 people on a Saturday night with open bar for roughly $32-35,000.

In Boston, that was pretty standard.

I think people should do whatever they feel comfortable with. We are paying 1/3 and our parents are each paying 1/3. We definitely wouldn’t have done this without our parents contributions (we would have had a small Destination Wedding in Costa Rica.)

I don’t think its right or wrong either way. We will have a 1yr 8month engagement to help save…its only one day, but its also one of the most important days of your life so I think it’s worth spending money on. At the end of the day, your dead. I know thats morbid but it helps me to keep things in perspective.

Post # 48
Member
9024 posts
Buzzing Beekeeper
  • Wedding: June 2011

Our wedding cost u s slightly over $8000 for 175 guests. we were very happy with the amount we spent and didnt go into debt at all

Post # 49
Hostess
11163 posts
Sugar Beekeeper

View original reply
@mrs_g.mck:  Honestly, I would be PSYCHED to spend $26,000 on our wedding, nevermind $10-15k.

You and me both!

I have never been big on averages because there are so many factors that make a huge difference. Living in a very expensive area I was prepared to spend around $25-35,000 and our budget now including mostly everything is rapidly approaching the $65-75,000 mark.

That being said I don’t regret one single purchase as our day will the wedding of my dreams and we can afford it, without using credit or going into debt. We also waited several years to get married until we were financially in a place to afford our wants and dreams. Had we opted to get married right after I graduated college our budget would have been modest to say the least.

I have been to a large amount of weddings with a wide variety of budgets and they are all amazing. The budget allows for certain splurges that is undeniable but a higher budget doesn’t mean a better wedding necessarily. It is all a matter of taste, opinion and what you as a bride are dreaming for on your big day. If you can have everything you want for $10,000 why spend more?

 

Post # 50
Member
9478 posts
Buzzing Beekeeper
  • Wedding: October 2012

@jwinnings:  Yeaaaaaaaah,  I was almost over there so we’re not doing a big wedding.  We’re having a small, intimate backyard one.

Post # 51
Member
70 posts
Worker bee
  • Wedding: May 2012

It all depends where you live….. down here in the Greater Miami/Ft. Lauderdale area, $26,000 could be considered somewhat on the lower end – if you plan to have your wedding at say, a hotel in the area.  Saturday night food/beverage minimums (pre tax and surcharge) alone are at least $20k at most nicer places.  So it just depends where you live, what you want, and how much you’re wiling to spend.  If you want to get married at home on a Sunday you can probably do it for under $10k…. but if you want to get married at a nice hotel on the beach for 100-120 people, it’s more like $40k++ in this area for a Saturday night.  So it’s all relative!   

Post # 52
Member
602 posts
Busy bee
  • Wedding: October 2010

What is factored into an average?  If you count my honey moon and rings we come in right at that number,  but I didn’t have to take a lavish vacation.  My number is right on the average.  I live outside a large city in the northeast and honestly out of all my friends who were recently married mine was the lowest by about 10k.

Post # 53
Member
1915 posts
Buzzing bee
  • Wedding: April 2012

I think it just depends what is important to you and how you budget your money.  I am totally financially secure, have a year’s worth of expenses in savings, am maxing out my retirement accounts and have been paying for my wedding as I go along.  I will probably have to dip into my savings in the next couple of weeks to pay some of the larger balances, but I feel totally comfortable with what I am spending.  It’s all relative.  I’ve been to lovely weddings with small budgets and bigger weddings that felt impersonal.  Just spend the money on the things that are important to you and you won’t remember the other details later.

Post # 54
Member
875 posts
Busy bee
  • Wedding: August 2012

I think a lot of it is regional. I’m in NY and to be honest it doesn’t surprise me/bother me that I am spending OVER the 26k average on my wedding. Maybe its crazy, maybe its a “waste” of money but so what? I’m not going into debt for it. Everything is being paid for in cash. So I will just enjoy my day w my Fiance and all our friends/family.  

Post # 55
Member
13906 posts
Honey Beekeeper
  • Wedding: November 1999

View original reply
@Ballet513:  That’s exactly how I feel (and I’m in the DC area, so I’m basically in the same price range as you!).  I may be way over that “average”, but every cent is paid in cash up front before the wedding. 

Post # 56
Member
70 posts
Worker bee

It was hard for me to wrap my head around our budget (which is twice the supposed “average”), but once we started planning I can easily see how things add up. I live in a big city and want to get married here. The venue, food, and bar came out $25k. Plus, we have a big family, and lots of friends.

I know it’s a lot of money, but I find it slightly off-putting when people say they’d rather spend less than go into debt, as if those were the only two options. We’re not going in debt and nothing is on credit. At the end of the day, do what you want with what you can afford!

 

Post # 57
Member
1920 posts
Buzzing bee
  • Wedding: March 2012

I think its really hard to compare wedding budgets because everyone includes something differnet in theirs. In our wedding budget EVERYTHING is included from the engagement ring to the honeymoon to the pro photos we are purchasing after the wedding. So my wedding budget seems really high sometimes, however I’m often comparing to people who don’t include those things in that budget. And who knows what’s included in that national average.

Post # 58
Member
2135 posts
Buzzing bee
  • Wedding: September 2012

I think that is a crazy amount of money, and that is why our wedding will hopefully be about $3,000

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