June 26, 2019 am It’s the age-old question: Why are weddings so expensive?
We’ll give you the answer to that along with advice from a wedding planner on how to save for your big day.
If you have the costs on paper, you’ll know exactly which trade-offs you can make to keep within your budget. That’s why I’m going to show you how to set up a sub-savings account where you can put money away for your wedding automatically each month.
If you haven’t decided on what you want to spend though, it’ll look like there are no trade-offs necessary. Let’s assume you’re 25 years old and plan to spend $40,000 on your wedding.
“It used to be that if a wedding required travel, people would have a hard time getting there or affording the travel. “We’ve found that our head counts for destination weddings often do not differ very much from our local weddings,” she says.
Despite what society tells you, there’s no right or wrong price for your wedding.So if just use your home instead, shouldn’t that offset the cost? “A lot of clients come to us and say they want to put a tent on private property to save on venue costs,” Sarah says.“However, if the property is a private home, I can almost promise it’ll be more expensive than a more typical wedding venue.” The reason why is the same reason wedding venues are so expensive in the first place.Let’s say you also plan on getting married by the time you’re 30.If you want to pay for the whole wedding yourself (a totally achievable goal), you’ll have to save about ,000 a year or 6 a month for the wedding (let’s not read too much into that last number).” You also have to worry about paying for delivery and moving for all of the above, she adds. ” Some people think that because you’re flying out for your wedding, you’ll be able to save money because, surely, fewer guests will want to show up…right?“Truth is, [destination weddings] often cost the same as a local one,” Sarah says. Flights can be found inexpensively and companies like Airbnb exist to make staying in a foreign place simple and affordable.” So even if you have that awesome and can fly anywhere in the world for free, it doesn’t mean that your wedding will be cheaper.However, that often results in the client spending more than they wanted to spend and more than they would have spent had they considered the overall big picture from the beginning of the planning process.” So sit down and make a realistic budget of how much your wedding might cost you. Simply take into account: estimate of how much you should save based on what you want for your big day.If your budget seems a little bit intimidating and you want to find areas to save, don’t worry.You can always prioritize aspects of your wedding to help you cut back. Everyone is a little bit different,” Sarah explains.“Couples can save by choosing one or two areas to splurge on and then being cost conscious for everything else.” It’s human nature to want the best for our wedding day, and we need to be realistic about that.