Wedding Costs: Don’t Get Too Expensive
13 September 2006This should be a no-brainer, but if you care about your finances, and you make a normal salary, you shouldn’t be spending $50,000 to $100,000 on your wedding. But It’s Just Money is preparing for a wedding and has been browsing through some wedding message boards, noticing some truly nutty approaches to the wedding budget. There are several examples of people blowing through way more than they are really able to spend, but my favorite was this one:
I think we also need to be careful about labelling weddings ‘pretentious’ or ‘extravagant’ for being costlier than what people have the means for immediately.
If we’re talking about spending $20,000 when you can afford to pay it off in a year or so, then you’re right. In the context of $50,000 weddings held by people making that much in a year, it’s extravagent – period. You shouldn’t be blowing a year’s salary on a single day, no matter how big a dream it is or how romantic it would be. There are lots of ways to cut those costs down without ruining your wedding day. The average wedding cost is around $26,000 – which means if you’re financially responsible, you’ll be spending less. After all, the average person hasn’t saved that much for retirement and has a hefty credit card debt. If you want your finances to be above average, you’re going to have to spend below the average on other stuff, including weddings.
You could check out these tips and these tips on cheaper weddings. You could also plan something simple – a getaway ceremony to a beach somewhere with a few close friends and relatives can be cheaper and a lot more romantic. But someone in the relationship is going to have to play the role of cost cutter – and guys, this may have to be you.
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