There is a saying that you cannot put a price on love, but when wedding planning is involved, it is another story. The wedding should be the fantastic finale to your love story, however many couples end up fighting, arguing or even calling off the wedding due to the complications with wedding planning. At the heart of the conflict is the wedding budget.
All women dream of their perfect wedding day. For the both of you, it will be the biggest celebration of your lives. To not have your ideal wedding can cause conflict and resentment that can affect the dynamic of your relationship.
The cost to have a wedding tends to be quite high. The costs can vary due to venues, cultural traditions, the number of guests, decorations and other factors.
Many men struggle to justify the cost of the wedding, since they end up spending thousands of dollars for a one-day event.
Before you pop the question, it is better that you know what you are getting yourself into so that you can manage your own expectations when it comes to planning the wedding and minimise tension caused by the financial requirements.
What is the average cost of a wedding?
If you want to have a cheap wedding, you are realistically looking at a budget of around $10,000. Most weddings tend to cost around $20,000 or more. It isn’t uncommon for couples to spend up to $100,000 on their wedding day. The cost of a wedding can easily skyrocket if the costs aren’t kept under control.
How much should your wedding budget be?
You really need to look at what you can afford. For most people, a budget of $10,000-20,000 will be ideal and it will make up around 20% of their annual earnings.
Should you consider getting finance to have your perfect wedding?
This is a personal decision that you need to make. But you need to be aware that you may find yourself paying off the loan for many years to come. It isn’t uncommon for people to take out a wedding loan for $20,000 or more, only to payback the loan for the next 10-20 years.
How much do you need to save for a wedding?
If you are doing a cheap wedding, you may be able to get by on $10,000. However, it is more likely that you will need $20,000 or more in savings to finance everything with for your wedding.
How much do wedding venues cost?
It depends on the venue. Venues are known to add a surcharge if you mention that you will be hosting a wedding. Outdoor venues may cost as little as $500. Churches, halls and hotels may cost $1,000-2000.
Spending $5000-10,000 to hire a venue isn’t uncommon.
What is the average wedding cost per head?
The cost per head usually starts at $100 a head.
What’s the average number of guests at a wedding?
This is a personal choice. It is common for people to hold small weddings of 50-100 people. (Which makes the total head cost $5000-10,000). For those that have a larger budget, the guest list can be in the hundreds or even thousands.
It really depends on the type of wedding that you want to have and the people that you want to be there.
What are some of the wedding item costs that you will need to account for?
- Wedding rings – $2,000
- Wedding dress – $2,000
- Wedding bouquet – $300
- Wedding cake – $300
- Wedding guests – $100 per head (50 guests will be $5,000)
- Wedding venue hire – $5,000
- Wedding car hire – $300
- Bridesmaids dress – $2,000
- Groomsmen attire – $1,000
- Marriage celebrant – $500
As you can see, the wedding costs can go up very quickly. This also doesn’t account for the cost of taking time off work to see ad commute to venues as well as to meet with people to plan your wedding day.
There may be additional costs with wedding flowers as well as you add to the design of the venue. Todich floral design shares wedding flower options.
Note: If you don’t know where to start with flowers, then check out this novice guide to roses.
If you can afford a wedding planner, it will add that extra bit of convenience and stress-relief, despite being an added cost.
Don’t get too overwhelmed with the wedding budget. Consider what you can afford and try to make your ideal wedding fit within that budget. Aim for a minimum of $10,000 so you will have a safety net for your wedding’s finance.
Note – If you need a cash advance or a loan for your wedding, you can consider applying with the following vendors.
Note – This post contains affiliate links.