How to Fund Your Dream Wedding Without Going Broke

How to fund your dream wedding without going broke is becoming a bigger concern as weddings are getting more and more expensive. 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.

Despite this, every bride and groom still feel pressure to spend as much as possible to make sure they have the wedding of their dreams. That pressure To Save Money On Your Wedding That Won’t Make It Look Cheap  even extends to people in the wedding industry.

Some couples have decided to cope with this issue by opting for a wedding without all the hassle and hoopla. As a result, a growing trend for avoiding that hassle is the “ambush” or “surprise” wedding. 

Another trend is 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 

Here are some other creative ways to fund your dream wedding, such as crowdfunding, from Savvy Deets Bridal:

If you are looking to have the wedding of your dreams, and trying to find a way to make your vision become a reality, financially speaking, this is a must read article for you, that was submitted to us recently.  There are some interesting resources to look into, as well as other noteworthy words of advice.  I hope you enjoy, and let us know if this helps you plan for your dream wedding!

The average wedding in 2012 cost couples $28,427, and that’s not including the honeymoon, The Knot estimated. Median household income for that year was $51,017, according to the U.S. Census Bureau. That means most American couples would have to spend more than half of their annual income to enjoy the wedding of their dreams. This, of course, is unrealistic and unintelligent.

Unless you plan on traveling to Las Vegas and paying a few hundred bucks for a drive-thru chapel and a two-night stay at a hotel on the Strip, weddings are not cheap. The venue, the rings, the band, catering…the list just keeps going. But there are clever ways to cut costs that will not diminish your magical day. Consider these three methods:


Entrepreneurs solicit funds from friends and complete strangers to help get their businesses up and running. You can do the same thing with regards to your wedding.

Crowdtilt is a platform that helps people raise funds for just about anything, including weddings. It connects friends and family to coordinate money for a stated “cause.” Forbes reported the website helped one couple raise $1,000 to cover the cost of their wedding reception. As with crowdfunding mainstays like Kickstarter, the funds are not made available to the campaign creators until the stated goal is reached. Instead of registering at various department stores, have your guests contribute a few bucks in this way.

Trim Where Possible

Most couples want to splurge on what will be one of the most memorable days of their lives. But there are ways to save without sacrificing quality. Women can rent a wedding dress or even peruse thrift stores for a used one. A recently married friend or family member may allow you to borrow hers. You already splurged on the engagement rings, so the wedding rings can be basic bands, found for cheap at pawn shops and second-hand jewelry stores. Polishing and resizing will cost a few bucks, but the ring will fit perfectly and look new.

Never take the first offer when negotiating the venue, band and other aspects of the wedding and reception. Keep in mind, vendors know you’re going to spend money somewhere, and they’d prefer it be with them.Everything is negotiable, including the band and catering. Never settle for the first offer and always make vendors believe you’ll take your business elsewhere. Prices tend to come down once you do that.

Tap Your Own Funds

There are a few simple ways to come up with extra money right now with little hassle. Change your W4 form at work by adding a few more exemptions. This will cause the government to withhold less money and instantly grow your paychecks. Since you’ll be married by the time taxes are due, you’ll be entitled to more benefits, which may ultimately even out any differences.

Those receiving structured settlement payments could contact a company like J.G. Wentworth to potentially buy future payments for a lump sum now. Homeowners can inquire with their bank about an equity loan, especially with home prices rising so much the past two years.

Your dream wedding does not have to be a nightmare for your pocketbook. Keep that in mind throughout the entire planning process.

What’s your take on the points mentioned above? Had you heard of Crowdtilt? Would you consider looking into this as an option to help fund your wedding?
I do agree with “trim where needed”, in order to splurge where desired. For example, I kept linens simple at my wedding, kept the chairs simple, in terms of chair options, with no chair ties, simple table cloths, and minimal centerpieces. I didn’t want to sacrifice the food and drinks, so we splurged a bit there. Chair ties and linens might be important for you, so think of areas to possibly cut.  Day and time of day can affect the overall cost of your wedding as well.  Brunch weddings are simpler, and still beautiful, but the price point is different than a wedding that evening.
Another area to trim…the guest list. I have a friend that wanted to wed at a gorgeous mansion in Paradise Valley, AZ, then follow up with an intimate reception at a fabulous restaurant (Lon’s at Hermosa Inn for the curious few).  To have had 50-100+ guests, or more, the price tag was out of this world! She invited less than 50 of her closest family and friends, and was able to have her mansion wedding and 5 star menu for her guests at a budget she and her groom could work with.
I also agree with the notion that “everything is negotiable”. When my husband and I were honing in on our venue, we sat down with the owner and expressed we wanted to do a scheduled payment plan, rather than 1/2 deposit at booking, and the rest a month before the big day, which was their practice. They agreed with our request, and we booked right there. It never hurts to ask things, the worst response is “No”-something to keep in mind.
Share your comments below on your thoughts of what was suggested in the post. We love to hear from our community of brides!

Photo Credit: Michelle Lacson Photography, featured here