When you’re booking your venue, think about how the month and date of your wedding will affect the location’s cost. Also, all the pivots and restrictions made hometown weddings the most popular (at 60%) and barn or farm venues the most used reception locations for 2020. You probably won’t be surprised to hear COVID-19 boosted the amount of outdoor ceremonies to 68% and receptions to 59%. How much do couples usually spend here? It’s often the big-ticket item in your wedding budget: The location of the ceremony and reception takes up about $10,500 of the average budget. It is, after all, where the magic happens! In fact, 57% of couples talk about venue type before they even get engaged. The venue tends to be the first thing couples search for. That is absolutely not what this is all about!Īre you ready to set a budget you can both have and hold? Let’s get started.Īverage Cost: $10,500 Suggested Budget Percent: 20–25% Location Plan to spend more if something is top priority, and budget less on things that aren’t as important to you.Īnd remember that you don’t have anything to prove to anyone at your wedding. And keep in mind you don’t have to spend the average amount we listed. Remember your nonnegotiables as you read. We’re going to break down each of these, sharing even more average costs and some tips on how to save on your wedding. It divides your spending into the main categories below: As you start to account for all the dollar amounts, you can use our EveryDollar Wedding Budget Worksheet to write down planned amounts, track spending, and keep up with your final totals. 3 That means they must suddenly scramble to find money they weren’t planning to spend in the first place.ĭon’t let this be you! Prep now so you don’t pay more later. On average, 60% of couples increase their initial budget-mostly because they either get caught up in things they feel they can’t live without or their first budget was unrealistic. What Are Your Main Wedding Budget Categories? We’ll start with the total: The average wedding (including honeymoon and engagement ring) costs $38,900. It may help to know what couples spend on average as you shape your budget. But if they’re willing to help out, it’s good to know how much they want to contribute. And remember, they don’t owe you anything here. You’ll need to have a conversation with your parents about their role in your wedding. How are they paying? Well, couples use savings (45%), cash (38%), checking account (37%), and credit cards (32%), or some combination of those. Whatever the reason, the average couple pays for about half of the wedding cost these days. Maybe it’s because couples wait later to marry (the average age people get married now is 32) and they’re expected to have their personal finances in a decent place. In the past, etiquette told us exactly what roles the parents of the bride and groom played-including who paid for what. Step 4: Have the budget talk with family. Instead, give your wedding budget a realistic number that you can afford while covering everything you want out of your big day. But starting the union off by draining a savings account or going into debt to impress yourself, your friends or your family-now that’s unromantic. Step 3: Budget for the wedding of your affordable dreams.ĭoes that sound sort of. Keep your most and least valuable dreams at the top of your minds as you begin to take the third, and biggest, step. Hey, before you say “I do” to the rest of your lives together, you’ve got a lot of other I dos to figure out: I do want the chocolate-ganache-covered cake with fondant orchids, for example.Īfter you pick your top three, think about what’s not important. What are your top three most important wedding dreams? Food, flowers and filmography? Live band, location and lavender tuxedos? That brings us to the next point.Īs a couple, determine what you want out of your wedding day. But maybe tons of people celebrating your big day is your number one wedding wish. Of course, one of the quickest ways to save money is to limit your guest list. You can’t fit 500 friends and family members in a woodland treehouse wedding. That number could help you pick a location. Four Steps to Take Before You Start Planning Your Wedding (and Wedding Budget) Step 1: Determine the type of wedding you want.Īre we talking indoor, outdoor, destination, church, old train station, castle on the coast, White Castle? If you’re having trouble deciding, start with your guest list.
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