Understanding Average Wedding Costs

Weddings vary widely by location and style. In the U.S., the average is about $30,000, but can be higher in big cities or lower in small towns. Here’s a rough breakdown:

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• Venue: $10,500

• Catering: $7,000

• Photographer/Videographers: $3,000

• Wedding Planner: $2,000

• Flowers & Decorations: $2,000

• Attire: $1,500

• Entertainment: $1,500

• Rings: $5,000

• Transportation: $1,000

• Invitations & Stationery: $500

• Miscellaneous: $1,500

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Total$35,000

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UK average weddings cost about £20,000, with similar budgeting principles worldwide.

 

Setting Your Wedding Budget

Know what you can afford. Break down your total target into categories:

Budget Example

 

Venue: $5,000

Catering $4,000

Photography $2,000

Entertainment $1,500

Flowers & Decorations $1,500

Attire $1,000

Wedding Planner$1,000

Rings$2,000

Miscellaneous$2,000

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Total$20,000

 

Create a Saving Timeline

Decide your wedding date and work backwards:

• 12 months to save $20,000 → $1,667/month

• 24 months to save $20,000 → $833/month

Track progress with a spreadsheet or apps like YNAB or Mint.

 

Assess Your Financial Situation

Calculate your monthly income and expenses.

 

Example: Income $3,500 - Expenses $2,500 = $1,000 available to save. Adjust your timeline or spending if needed.

 

Cut Back on Non-Essentials

Redirect money to savings by:

• Cooking at home instead of dining out

• Canceling unused subscriptions

• Choosing free or low-cost entertainment

• Limiting non-essential shopping

 

Open a Dedicated Wedding Savings Account

Keep your funds separate and growing with a High-Interest Savings Account like Tangerine Savings or EQ Bank Notice Savings.
Set up automatic transfers monthly.

 

Boost Income with Side Hustles

Earn extra cash with:

• Freelancing on Upwork or Fiverr

• Ride-sharing or delivery (Uber, DoorDash)

• Online surveys (Swagbucks)

• Selling unused items on eBay or Poshmark

 

Track Progress & Adjust

Regularly check your savings. Falling behind? Adjust budget, extend timeline, or cut more expenses. Stay consistent and focused.

 

Final Thoughts

Saving for a wedding can be stress-free with proper planning. Start early, budget wisely, and enjoy your big day knowing you’re financially prepared.