These three couples recently got married. Here is how much each one spent on their wedding.
|Heather & Bruce||$ 65,000|
|Susan & Matt||$17,500|
|Natasha & Brian||$6,000|
Question: who spent too much on their wedding.
Answer: It depends on a number of things, like the total income and debt of the couple, and if someone else was paying for most or all of the wedding. Natasha and Brian for example may have spent too much on their wedding if they have the highest debt and the lower household income when compared to the other two couples.
Wedding days are special, emotional, and are supposed to be one of the best days of your life. Making sure your wedding does not plunge you further into debt is priceless. In case you are wondering, yes, I am married, and I am happy to say that we came out of the other side of our wedding ceremony with $0 in debt. Everything was paid for before our wedding day. It set the tone for my wife and I to spend the rest of our lives with our finances in proper balance.
Here are a few tips to help keep your wedding expense on track.
1. Set a wedding budget based on your savings and current debt. You and your partner should strive to start out your life together as financially strong as possible.
2. Stick to the budget: I admit that this is easier said than done, especially since weddings can be so emotional. However, let discipline, practicality, and the thought of managing your debt be your guide. You will be happy you did when your credit card bill comes in the month after your wedding.
3. Wedding Dress: Use the web to do your initial search for a wedding dress. You will be surprised how many companies sell amazing wedding dresses for between $150 – $500.
4. Tuxedo/Suit: Guys, consider buying a suit instead of renting a tux. For about the same price as renting, you will at least have something you can wear in the future.
5. Stationary: Design and print your own wedding stationary (Invitations, Thank-You cards, Ceremony schedule). With your home computer and free templates or programs you can get from the web, you can create visually stunning and personalized stationary for your wedding. You can also buy specialized printing paper from your local office supply company or department store at a fraction of the price of what a commercial stationary business would charge.
6. Flowers: Remember that the flower section at your local department store can create flower designs and patterns for a less than specialized flower stores. The key is to shop around to make sure you get the design you want for the lowest price. Someone even suggested that if your wedding is in the summer, you can pick and use wild flowers for part or all of your wedding.
7. Wedding Cake: We all have a friend or two that have the magic touch when it comes to baking amazing cakes. I bet you that if you ask them to bake your wedding cake, it would cost you less than going to your local specialty bakery (they might even give it to you as a wedding gift). On the other hand, you can get a cake make at your local grocery store for a fraction of other specialty bakeries. Do a taste test before you place your order to make sure the quality is to your liking.
8. Limousine: Instead of renting a limousine, use your car, or ask to use a family or friends car. The truth is that on average, most couples are only in the limo for less than an hour.
Extreme Budget weddings: How to have a great wedding for under $1000. (comments from visitors to this blog)
1. Get a reliable friends to DJ, have the wedding ceremony and BBQ in your backyard, ask friends offering services as gift, pick wildflowers for your floral arrangements.
2. Get your wedding dress for under $60. You can find a pretty white dress at the department store for that price and hey, you can wear it to a party two weeks later . You can also buy a matching pair of shoes for $40
Men. wear the suit you have or buy one on sale at the department store.
3. Rent a community center hall just outside the city for about $70
Gary H writes:
“Many couples look back and wish they had the money they spent on their lavish wedding. For us we invited people to a summer party at our home / backyard, and when they arrived, they were surprised it was a wedding party. Cost = only food to feed the guests = Awesome.”
I look forward to getting comments from all of you on this topic. For those of you about to get married, I wish you all a wonderful wedding and the best of the best in your married life together.