It is essential for an engaged couple to avoid wedding budget pitfalls, since the average cost of a wedding is now $30,000. While there are things that you can do to save money on your wedding, such as 8 Wedding Expenses You Should Never Pay For and Sneaky Wedding Costs You Need To Look Out For, the total wedding cost is still likely to be very high.
You can embrace one of the several new wedding trends such as the “ambush” or “surprise” wedding or the super small wedding. Smaller wedding guest lists, saving money, having money to splurge on other things are just some of the reasons for a small wedding that we detailed in 10 Reasons to Have a Small Wedding and 9 Perks To Having A Super Small Wedding.
Another way to handle the rising costs of weddings is by using one of several modern creative ways to fund your dream wedding, such as crowdfunding.
Then you can review the experience of other engaged couples to learn the 5 ways brides and grooms are guaranteed to blow their wedding budgets and 5 ways to avoid those pitfalls.
Pick up any wedding magazine these days and you will surely think that you need to find a money tree to shake to be able to afford a nice wedding. How about Mr. and Mrs. Kanye West? If you have a spare $14-$20 million, sure you can have a wedding of the century. Let’s be honest though. How many of us can afford something as grand, and is it even necessary?
Does the sound of a “budget” wedding make you cringe? For me, it conjures up images of dollies, chocolate covered almonds, bubbles, and food that should be used as doorstops instead of being consumed by humans.
I was recently married in November, in what I consider my dream wedding. We had an ocean view, beautiful music, amazing food, and a signature drink to knock your socks off. I will let you in on a little secret… we had all of that and more for 70 people for a jaw-dropping $3,000. Yes, you read that right. Just $3,000.
You simply don’t need to bankrupt yourself or your parents to have a hip and affordable wedding. Actually, it’s quite silly to do so, even if you have the money. Think of all the things you could do with $50,000:
● Feed many small nations
● Down payment for a new house
● Pay off your student loans
● Take a round-the-world trip of a lifetime
● Start a new business
● …and so much more
Your wedding should be about your marriage and not about the wedding, but I do understand the pressures to create an amazing event. After all, it should be one of the best days in your life.
Ready, Set, Let’s Get Wed:
Rule number one to bring your wedding in on budget is to actually have a budget! This shouldn’t come as a shock to you, but you would be surprised at the amount of people that simply forget this important step. Know your numbers — know what you can spend, and where it is coming from, where it is going, and be as detailed as possible.
The Eight Great Ideas:
1. Location, Location, Location — You are no stranger to those words in real estate, but this is where you can save massive amounts of money for your wedding. Does a friend have a killer backyard you could borrow? Are you friends with a restaurant owner and you could use the space on their day off? Do you have a special skill or talent that you could barter for a free or reduced cost wedding venue. Look at who and what is around you and I guarantee you can find an amazing venue for next to nothing.
Price Tag: $0
2. The Dress — Girls, this one is for you. I know that when you pick up your copy of Martha Stewart weddings you drool with desire over the designer gowns. Pish Posh! You can do just as good, without the crazy price tag. Look for a dress hanging on the rack that fits you. Offer a cash payment to drop the price even lower.
Another great idea is to either rent your dress, or if you have a friend that wore a killer dress, ask if you can buy it from her. You would be amazed at what a little altering can do!
Price Tag: $500
3. Vacation on My Mind 0- Do you suffer from wanderlust — an endless desire to travel? If you are like my husband and me, skip the wedding gifts that you will probably return anyway, and register for something super special. We used honeymoonwishes for our wedding honeymoon registry, and were able to go on an amazing trip to Paris instead of receiving the traditional household gifts. You can register for a trip anywhere in the world and give your guests a special code to login and make a contribution. The money gets deposited in a banking or savings account that you specify in a matter of days.
Price Tag: $0
Companies like Eversnap are your wedding budget’s best friend. Guests can snap pictures all night long and upload them to your custom site. You can have the advantage of many different photographers. Then, hire a professional photographer for a few hours to fill in and round out your pictures.
Price Tag: $250-$500
5. Let’s Eat — Ah, back to the stale food. Not at our wedding, and you shouldn’t suffer as well. Don’t be afraid to go against the grain here. We hired an amazing wood burning pizza truck to make gourmet pizzas at half the price of a caterer, but double the hip factor. To round this out we had an amazing neighbor who made all the gourmet appetizers at cost. Honestly, if you put your mind to it, you can be both inventive and budget conscious without your guests even knowing. Trust me, their bellies will thank you!
Price Tag: $700
6. Twistin’ The Night Away — I promise that you don’t need to spend thousands on a band or a DJ to have an awesome dance party at your wedding. Here’s what you need: good speakers, a mixing deck if you can get access to it, and an IPod loaded with some great dance songs. Pay a friend to be your DJ. The important focus should be on your guests having a good time, and after a few cocktails, they won’t notice if you had a six-piece band or a great playlist.
Price Tag: $100
7. Let’s Accentuate — Everyone loves the smell of fresh flowers at a wedding, but gone are the days of needing a flower to cover every service at your wedding. Think of flowers and decor as “accentuaters,” not the main feature. One of the best secrets is to set aside some money and go to a local flower shop, flower mart, or even the local grocery store the day of your wedding. You may not get exactly what you have your heart set on, but I guarantee you will have plenty of options at a fraction of the price. Plus, if you choose a great backyard for a wedding the chances are you won’t need many flowers all.
Some of the best wedding accessories such as candles, candle holders, and vases can be found at the 99-Cent store. I swear by it! No one would even know that you only spent $50 and were able to adorn every table with sweet smelling candles and funky vases.
8. Put a Ring on It — Yes, I know, this is where I may lose you. Wedding rings are the symbol of marriage and they come in every shape and size. Some shinier than others. Being creative with your cash doesn’t stop here. There are so many deals and opportunities to get a “good” ring for decent price.
If you’ve been paying attention at all the last few years, the price of gold is very high. Right now it is jumping up and down around $1300 per ounce! What does this mean to you? If you have any old gold jewelry laying around this is your lucky day. Gather up all your pieces and take them to a reputable jewelry store and ask them how much you could get for your pieces. Chances are you might be able to sell your old pieces, if you care to part with them, and have enough money to get a shiny new ring. Maybe even the whole wedding set.
Price Tag: $500-$1000
It is quite possible to stun your guests with a hip and stylish wedding that is affordable at the same time. There are no prizes for the most money spent on a wedding. You won’t get your picture in a fancy magazine either. All you are left with is an empty bank account. Hopefully with these simple strategies you can start imagining your wedding, with all the glitz and glamour, at a fraction the price.