The average wedding cost is around $28,000, which is quite expensive for many couples. And that’s why budgeting is crucial for couples looking for an affordable wedding. But before preparing any wedding budget, it helps to know what eats the most out of a wedding budget so you can make informed decisions about where to allocate your funds. It can also help you prioritize and identify areas where you may need to compromise to stay within your means. So, if you’re preparing a wedding budget, here are 5 things that may consume the most.
- Wedding attire
The cost of a wedding dress and accessories and the groom’s attire can stretch your wedding budget. As that’s not enough, you also have to factor in the cost of attire for the wedding party, such as the bridesmaids’ dresses and the groomsmen’s tuxedos. Beyond the attires, wedding jewelry and other accessories can easily fit your wedding budget. Engagement rings alone can reach as much as $20,000 or more. Add this to the entire attire cost, and that’s a lot of money already gone. But while the ring may be expensive, it’s a significant investment. Learning a few tips for choosing an engagement ring may prove useful.
The venue is one of the most expensive elements of a wedding. The cost of renting a venue can vary widely depending on the location, size, and amenities offered. Many popular wedding venues, such as those in tourist destinations or large cities, tend to be more expensive. Additionally, venues offering on-site catering, lighting and sound equipment, and other services can be more costly. You can also look for less fancy venues like your backyard or beachside to help bring the cost down.
The cost of catering can also consume a significant portion of a wedding budget. The type of food offered, the number of guests, and the level of service can all affect the cost. For example, a sit-down dinner with multiple courses will typically be more expensive than a buffet or food station. One good way to reduce the catering cost is to handle the cooking with the help of family and loved ones. You can also delegate the cooking responsibility to a talented friend as a wedding gift for you.
- Photography and Videography
Professional photography and videography can be costly, but they are important to capture the memories of your special day. The cost can vary depending on the experience of the photographer or videographer, the number of hours they are needed, and if you need additional services such as albums or drones. Like the catering services, you can consider delegating photography and videography services to an experienced friend or family member for free.
- Flowers and decorations
The cost of flowers and decorations can also add up quickly. The type of flowers, the number of arrangements, and the complexity of the designs can all affect the cost. Also, rental fees for items such as chairs, tables, and lighting can be significant.
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