Money Monday: The True Cost of a Wedding

Okay ladies and gentlemen, are you recently engaged or starting to plan your wedding? Well, there are a lot of 20-somethings out there planning weddings and at the same time going into debt. 

The Knot, a top wedding website released the results of its annual Real Weddings Study. This report surveyed nearly 13,000 U.S. brides and grooms married in 2013. You may be shocked to know that the average cost of a wedding last year was almost $30,000. That's like buying a new car! 

Below, the average cost of a wedding is split into different spending categories. 

If this breakdown of the cost of a wedding makes your eyes bulge, there are ways to reduce costs in each category. Consider buying second hand or enlisting your friends and family to help for the big day!

  • A wedding dress is only worn once, right?! Many women sell their wedding dresses after their big day on sites like craigslist. Then all you need is a few alterations to make it fit perfectly!
  • Friends or co-workers with a knack for photography may be willing to shoot your wedding for a small fee.
  • Ask friends or family members who have great baking skills to make your wedding cake.
  • For the venue, consider having the ceremony site and reception being at the same place. Maybe in a family member's back yard?

If you don't want to spend a fortune on a wedding, browse The Budget Savvy Bride. On this cite you click on the budget that you’re working with, ranging from $1k-$20k, and it shows you real weddings that other people had on that same budget. 

Hope this helps!

Lauren R.