The average cost of a wedding in 2023 was $30,119, according to The Wedding Report. While this number may seem steep, there are numerous ways to plan a memorable event on a more modest budget. Here's a breakdown of typical expenses and money-saving tips.
Breakdown of Average Wedding Costs
- Wedding dress and accessories: $1,907
- Tuxedo or suit (rental): $124
- Cake: $516
- Hair, makeup, mani-pedi: $228
- Officiant: $264
- DJ: $1,000
- Live band: $2,713
- Food and drink: $8,176
- Venue: $5,761
- Flowers and decor: $2,639
- Invitations: $215
- Engagement ring: $4,025
- Wedding bands: $1,476
- Photographer: $2,264
- Videographer: $1,700
- Service tips: $452
Note: Expenses like "save the dates," gifts for attendants, and rehearsal dinners (averaging $754) can add to the total.
What Is a Reasonable Wedding Budget?
A “reasonable” budget depends on your personal financial situation. The $30,119 average can be misleading, as it includes a wide range of weddings from modest to extravagant.
Tip: Focus on essentials and skip non-priority items. Tailor the event to your preferences, whether it's a grand affair or a simple courthouse ceremony.
How to Plan a Wedding on a Budget
1. Replace Professionals with DIY or Friends
- Ask a friend to officiate or style your hair.
- DIY your decor to save on professional services.
2. Choose Affordable Venues
- Look for suburban or less-popular locations.
- Consider public spaces like parks (with a permit).
3. Trim the Guest List
- Fewer guests reduce costs for food, drinks, tables, and chairs.
- Cutting 10 guests could save $1,000, according to experts.
4. Pick an Off-Peak Date
- Save money by choosing a wedding in January or February.
- Opt for a weekday or Sunday instead of a Saturday.
5. Compare Vendors and Negotiate
- Get quotes from multiple vendors to find the best value.
- Ask if they can reduce their services (e.g., fewer hours of photography).
Watch for Hidden Costs
- Cake-cutting fees
- Delivery charges
- Taxes and gratuities
Allow for a 10% buffer in your budget to cover unexpected expenses.
Final Tips for Budget-Friendly Weddings
- Stick to a budget that aligns with your financial goals and avoid overspending.
- Use online calculators to plan and track your wedding expenses.
- Keep the focus on what’s meaningful to you as a couple rather than external expectations.
A well-planned budget can create a beautiful wedding without financial stress.
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