1/25/2024 0 Comments Wedding budget percentagesRegardless of the size of your wedding budget, you’ll want to save as much money for the event as possible, so you don’t start your marriage with added debt. It can be simpler and much less expensive. Think about elopingį you have trouble justifying spending so much on your wedding, you can always consider elopement. Set wedding prioritiesĪgree with your partner about what matters most to you and where might compromise. You should try and get more than 1 cost quote for whatever you’re buying for your wedding, to ensure you’re getting a reasonable deal and not being overcharged. If you do buy clothing, make sure your dress or suit can be used for other occasions after your wedding. Renting wedding attire that you’re only likely to wear 1 day of your life may save you money over buying it. Keeping the number of guests to those who really need to be there will save you money. Brunch or cocktail receptions are great options. Cut food and beverage costsĪny alternative to a sit-down dinner will save you money. You’ll save money and add meaning to your event. If you have friends or relatives with musical, decorating or craft talents, ask for their help. There are lots of things you can do yourself for your wedding, from table numbers and signage, to invitations, décor, flowers and more. Having your wedding on a Friday or Sunday, or on a date between November to March may cost less. There are ways you can try and keep your wedding budget under control: Choose a less-popular date If you go over budget in 1 area, you should try and compensate in another to stay in budget. couples go over their budget, and over 50% increase their budget at some time while planning their wedding. This includes determining who (couple and parents) is paying for what.įrom there, you can breakout various budget items and allot amounts to each.Īccording to Brides magazine Opens a new website in a new window, this is a list of items for most weddings and the percentage of the total budget typically allotted to each item:ĭecor and ceremony (includes marriage license and officiant): 10%Īdd to these the cost of a honeymoon vacation, which can run from simple to luxurious.Īccording to WeddingWire Opens a new website in a new window, 74% of U.S. The first thing you’ll want to do is create an overall wedding budget. Creating a wedding budget can help you achieve that. What you choose to spend on your own wedding will depend on your financial situation, culture and preferences.Īdvisors would always recommend your wedding budget stay within what you can afford. How much should you spend on your wedding? However, for every average wedding, there are also weddings that cost much less and much, much more. According to the 2019 Global Wedding Report Opens a new website in a new window, the average wedding in Canada cost just over $29,000.
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